Orrstown Bank Announces Addition of Two Commercial Lenders, Danielle Makrias and Michael Kilgour; Expansion into York County

SHIPPENSBURG, Pa., Aug. 07, 2017 -- Orrstown Financial Services, Inc. (the “Company”) (NASDAQ:ORRF), the parent company of Orrstown Bank (the “Bank”) and Wheatland Advisors, Inc. ("Wheatland"), announced today that Danielle Makrias and Michael Kilgour recently joined the bank as VP/Relationship Managers.  Ms. Makrias and Mr. Kilgour will be based at the Bank’s Harrisburg Regional Office and will have primary responsibility for commercial business development in York County.  Both will report to Charles “Chip” Wasson, SVP/Regional Senior Loan Officer.

Mike Kilgour photo Danielle Makrias photo

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/05489b4c-5665-4b5c-b7ec-83d8953ed96e

http://www.globenewswire.com/NewsRoom/AttachmentNg/0b2fcd98-93e8-469f-b1e2-9578dec26ae4

Adam Metz, EVP/Chief Lending Officer, commented, “The addition of Danielle and Mike will support our continued strategic growth in strong markets affected by disruption and I believe our banking model, characterized by local decision making, personalized high-touch service, and commitment to the communities we serve, will be well received in York County.”

Mr. Wasson added, “I am excited to welcome Danielle and Mike to the team. They both have a depth and breadth of experience and solid business connections in the York market and further demonstrate that Orrstown Bank has become an employer of choice in the region.”

Ms. Makrias most recently worked for First National Bank of Pennsylvania after spending several years at Metro Bank.  She is a graduate of the University of Missouri and resides in York.

Mr. Kilgour most recently worked for First National Bank of Pennsylvania and has more than 26 years of financial services experience, including 18 in the York County market. He is a graduate of Drake University and the PBA School of Banking. Mr. Kilgour also resides in York.

As announced previously, in December of 2016 the Company acquired Wheatland Advisors, Inc., a registered investment advisory firm headquartered in Lancaster, and in 2016 significantly expanded its customer-facing workforce in Dauphin, Lancaster, and Berks Counties. Most recently the Bank opened a new branch banking office at 566 Lausch Lane, Manheim Township and has another office scheduled to open later this summer in New Holland, Lancaster County*.

About the Company

With approximately $1.5 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned subsidiaries, Orrstown Bank and Wheatland Advisors, Inc., provide a wide range of consumer and business financial services through banking and financial advisory offices in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York Counties, Pennsylvania and Washington County, Maryland.  Orrstown Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the FDIC.  Orrstown Financial Services, Inc.’s stock is traded on Nasdaq (ORRF).  For more information about Orrstown Financial Services, Inc. and Orrstown Bank, visit www.Orrstown.com. For more information about Wheatland Advisors, Inc., visit www.WheatlandAdvisors.com.

Cautionary Note Regarding Forward-looking Statements: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts.

*Subject to customary regulatory approval.

Contact:
Mark Bayer
SVP/Strategic Corporate Initiatives
[email protected]
717-530-2297