NTSB Investigates Boston Logan Airport Near-Miss Between Delta and American Airlines Jets 
Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
California Drivers Sue BP, Walmart, 7-Eleven Over Alleged AI Gas Price Fixing 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
SpaceX Stock Rebounds After Sharp Selloff, But Valuation Concerns Persist 
SpaceX Stock Plunges 16% as KeyBanc Warns Valuation May Be Overstretched 
NHTSA Investigates Fatal Tesla Model 3 Crash in Texas Amid Ongoing Autopilot and FSD Safety Scrutiny 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Apollo Debt Solutions Limits Redemptions as Withdrawal Requests Surge 
Samsung Electronics Stock Surges on Report of Massive $59 Billion Share Buyback Plan 
Qualcomm Nears $4 Billion Acquisition of AI Chip Startup Modular 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Nissan Halts Electric Qashqai Development Amid EV Market Challenges 
Ryan Cohen Rejects GameStop Pay Package, Prepares New eBay Acquisition Plan 
Nike CFO Shake-Up Fuels Concerns Over Turnaround Strategy 
JPMorgan Sees Strong Strategic Value in Potential AbbVie Acquisition of Apogee Therapeutics 
100+ Global Companies Push Governments to Prioritize Electrification for Economic Growth 
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
