Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
TrumpRx Website Launches to Offer Discounted Prescription Drugs for Cash-Paying Americans 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Instagram Outage Disrupts Thousands of U.S. Users 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil 
HARRISBURG, Pa., Feb. 09, 2016 -- Orrstown Bank announced today that it has purchased an office building in Swatara Township, Dauphin County, as part of the bank’s strategic expansion plan. Orrstown Bank is headquartered in Shippensburg and has its operations center in Chambersburg.
|
|||||
A photo accompanying this release is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/597a6765-9d7b-4974-9e4a-976e78c0d1d3
The new regional facility, at 4750 Lindle Rd., will be used to support the bank’s expansion into Dauphin, Lancaster, and York counties. Thomas R. Quinn, Jr., President and CEO commented, “As other banks in the region are consolidating, there are many valuable employees looking for an opportunity with a growing company and this facility provides convenient access to attractive markets.” Orrstown plans to hold career fairs in the building this spring to fill positions as the bank continues to grow.
The new regional office will house employees from several departments including retail banking, commercial/business banking, mortgage lending, and trust/wealth management. Additionally, the building contains flexible public meeting space that can be made available to non-profits and community groups. Part of the building is currently leased to tenants who will remain.
About the Company
With approximately $1.3 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned subsidiary, Orrstown Bank, provide a full range of financial services through 22 locations throughout Pennsylvania and 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). More information available at www.orrstown.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.
The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.
Contact: Jessica Walter [email protected] 717-530-2510
