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FORM 3
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
OMB APPROVAL
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
Filed pursuant to Section 16(a) of
the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act
of 1935 or Section 30(f) of the Investment Company Act of 1940
(Print or Type Responses)
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1. Name and Address of Reporting Person* 2. Date of Event Requiring 4. Issuer Name and Tickler or Trading Symbol
Statement
(Month/Day/Year) DNB Financial Corporation "DNBF.OB"
Silberman Eli
------------------------------------------ April 22, 2003
(Last) (First) (Middle)
1212 Scott Road
------------------------------------------ 3. I.R.S. 5. Relationship of Reporting 6. If Amendment,
(Street) Identification Person(s) to Issuer Date of Original
Number of (Check all applicable) (Month/Day/Year)
Unionville, PA 19375 Reporting _X_ Director __ 10% Owner
------------------------------------------ Person, if an __ Officer __ Other -
(City) (State) (Zip) entity (voluntary) (give title below) (specify below) 7. Individual or
Joint/Group Filing
(Check Applicable
------------------------------------------ Line)
X__ Form filed by
One Reporting
Person
__ Form filed by
More than One
Reporting
Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security 2. Amount of Securities Beneficially Owned 3. Ownership Form: Direct (D) 4. Nature of Indirect
(Instr. 4) (Instr. 4) or Indirect (I) Beneficial Ownership
(Instr. 5) (Instr. 5)
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Common Stock-DNBF 2,000 shares Direct
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of 2. Date Exercisable and 3. Title and Amount of 4. Conversion or 5. Ownership Form 6. Nature of
Derivative Expiration Date Securities Underlying Exercise Price of of Derivative Indirect
Security (Month/Day/Year) Derivative Security Derivative Security Securities: Direct Beneficial
(Instr. 4) (Instr. 4) (D) or Indirect (I) Ownership
(Instr. 5) (Instr. 5)
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Date Expir- Amount or
Exerc- ation Number
isable Date Title of Shares
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None
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Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
Explanation of Responses:
/s/ Eli Silberman April 23, 2003
---------------------------------------- ------------------------
**Signature of Reporting Person Date
* If the form is filed by more than one reporting person, see
Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If
space is insufficient, See Instruction 6 for procedure.