KBRA Releases Surveillance Report for Orrstown Financial Services, Inc.

On December 15, 2023, KBRA affirmed the senior unsecured debt rating of BBB, the subordinated debt rating of BBB-, and the short-term debt rating of K3 for Shippensburg, Pennsylvania-based Orrstown Financial Services, Inc. (NASDAQ: ORRF) following the merger announcement with Codorus Valley Bancorp, Inc. In addition, KBRA affirmed the deposit and senior unsecured debt ratings of BBB+, the subordinated debt rating of BBB, and the short-term deposit and debt ratings of K2 for the subsidiary, Orrstown Bank. The Outlook for all long-term ratings is Stable.

To access rating and relevant documents, click here.

Click here to view the report.