Orrstown Financial Services, Inc. Surveillance Report

Company Profile

Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown” or “the company”) is a diversified $5.5 billion-asset bank holding company headquartered in Harrisburg, Pennsylvania, parent of Orrstown Bank (“the bank”), established in 1919. The company operates 45 branches throughout Central and Eastern Pennsylvania as well as the Greater Baltimore area. Complementing ORRF’s traditional lending activities are scalable wealth management ($3+ billion AUM) and treasury management services.
The company’s growth has primarily been organic and relationship-driven, though Orrstown has occasionally turned to M&A to expand its presence in the Pennsylvania and Baltimore, MD markets - completing three transactions over its more than 100-year history. On July 1, 2024, ORRF completed the all-stock merger with York, Pennsylvania-based Codorus Valley Bancorp, Inc. (“Codorus”), the parent company of PeoplesBank (“Peoples”). The merger added approximately $2 billion in…

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