Tuesday, August 25, 2009

Chris Jackson Promoted to VP, Controller & Investor Relations Officer

Shippensburg, PA, August 25, 2009 – Orrstown Bank (NASDAQ: ORRF) is pleased to announce that Mr. Chris Jackson has been promoted to Vice President, Controller and Investor Relations Officer in the Bank’s Finance Department. Hired as a Trust Administrator, Chris began his career with Orrstown Bank in February 2001. In 2002, Chris was promoted to Portfolio Manager and later promoted to Assistant Vice President and Portfolio Manager. In 2007 Chris achieved Vice President status.

Tom Quinn, President and CEO commented: “Throughout his tenure Chris has demonstrated exemplary skills and ability. He brings a level of experience and expertise to his new roles that will be critical to the Company's mission, particularly following our recent listing on the NASDAQ Capital Market.”

As a graduate of Shippensburg University, Chris earned a Bachelor's degree in Business Administration, majoring in Accounting.

With over $1 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty one banking offices and two remote service facilities located in Cumberland, Franklin and Perry Counties, Pennsylvania and Washington County, Maryland. Orrstown Financial Services, Inc.’s stock is quoted on the NASDAQ Capital Market under the symbol ORRF.

ORRSTOWN FINANCIAL SERVICES, INC. ANNOUNCES REINSTATEMENT OF VOLUNTARY CASH CONTRIBUTION INVESTMENT OPTION

Shippensburg, PA (August 24, 2009) Orrstown Financial Services, Inc. (NASDAQ: ORRF) is pleased to announce the
reinstatement as of September 1, 2009 of the Voluntary Cash Contribution investment option under its Stockholder Dividend Reinvestment and Stock Purchase Plan. The Voluntary Cash Contribution investment option is being reinstated on the same terms as were in effect at the time of its suspension in 2002. Plan participants will again be permitted to make voluntary cash contributions to be applied to the purchase of shares of Orrstown common stock on a quarterly basis, with such contributions not to be less than $100 or exceed $2,500 per quarter. The Company anticipates distributing to its shareholders materials related to the reinstatement of the Voluntary Cash Contribution investment option within the next several days.

With over $1 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty-one banking offices and two remote service facilities located in Cumberland, Franklin and Perry Counties, Pennsylvania and Washington County, Maryland. Orrstown Financial Services, Inc.’s stock is quoted on the NASDAQ Capital Market under the symbol ORRF.

Certain statements in this release may constitute “forward looking statements” under the Private Securities Litigation Reform Act of 1995, which involve risk and uncertainties. Orrstown Financial’s actual results may differ significantly from the results discussed in such forward-looking statements. Factors that might cause such a difference include, but are not limited to, economic conditions, competition in the geographic and business areas in which Orrstown Financial conducts its operations, fluctuations in interest rates, credit quality, and government regulation.

Tuesday, August 18, 2009

Orrstown Bank Welcomes New Tenant at North Pointe Business Center

Shippensburg, PA (August, 17 2009) – Orrstown Bank (NASDAQ: ORRF) is pleased to welcome Catapult Technology, LTD as the newest tenant at the North Pointe Business Center. A ribbon-cutting held on Thursday, August 13th signified the official opening of Catapult’s 5,600 square foot call center space. Orrstown Bank was represented by John Knutelsky, Facilities Director; Dale Morrow, Maintenance Technician II; and Sonny Putt, Maintenance Technician I.

Catapult Technology, Ltd. (Catapult) is a leading Service-Disabled Veteran-Owned (SDVO) Information Technology (IT) contractor to the federal government and private sector. The call center space supports Catapult’s contract with the General Services Administration on the GSA Infrastructure Technology Global Operations (GITGO) contract valued at $200 million.

John Knutelsky commented: “We are pleased to partner with Catapult as a tenant at North Pointe. Their focus on community employment and their outstanding service record fit well with Orrstown Bank’s commitment to re-investing in our communities.”

The North Pointe Business Center offers an additional 20,000 square feet of building space available for lease. For questions about leasing space at North Pointe, please call John Knutelsky at 717.709.3076.

With over $1 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty-one banking offices and two remote service facilities located in Cumberland, Franklin and Perry Counties, Pennsylvania and Washington County, Maryland. Orrstown Financial Services, Inc.’s stock is quoted on the NASDAQ Capital Market under the symbol ORRF.

Monday, August 10, 2009

Orrstown Bank Foundation, Inc. Awards 10 Scholarships to Local Students

Shippensburg, PA (August, 10 2009) – Thomas R. Quinn, Jr., President & Chief Executive Officer of Orrstown Bank (NASDAQ: ORRF) announced the winners of the Orrstown Bank Foundation, Inc. $1,000 scholarships. The young men and women were chosen for their academic achievement, test scores, service to school and community, leadership, potential, and financial need.

Mr. Quinn noted, “The 10 individuals who were awarded scholarships this year are exceptional individuals who exemplify commitment to education and community. We are honored to have the opportunity to help these students realize their dreams, and wish them the best of luck in their academic endeavors.”

The 2009 winners:
Matthew Barnhart is a graduate of Greencastle-Antrim High School in Greencastle, PA. Matthew will be attending George Mason University.

Amy Crider, a Greencastle-Antrim High School graduate, will be attending Grove City College in the fall.

Big Spring High School student Kelly Fahnestock will attend the Lebanon Valley College.

Courtney Fernelius of Shippensburg Area Senior High School plans to attend Brigham Young University.

Philip Heberlig is a graduate of Shippensburg Area Senior High School. Philip will be attending The Pennsylvania State University, main campus.

Michael Henry, a Cumberland Valley High School graduate, will be attending The Pennsylvania State University.

Newport High School graduate Elena Popchock will attend Juniata College.

Janelle Sadarananda of Camp Hill High School plans to attend the University of Richmond.

Adam Wennick, a Chambersburg Area Senior High School graduate, will be attending Bucknell University.

Cara Wiest is a graduate of Cumberland Valley High School. Cara will be attending The Pennsylvania State University.

With over $1 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty-one banking offices and two remote service facilities located in Cumberland, Franklin and Perry Counties, Pennsylvania and Washington County, Maryland. Orrstown Financial Services, Inc.’s stock is quoted on the NASDAQ Capital Market under the symbol ORRF.

Pictured L-R:
Kelly Fahnestock, Philip Heberlig, Mr. Tom Quinn, Elena Popchock, Courtney Fernelius


Monday, August 3, 2009

Orrstown Bank Supports Future Farmers of America

Shippensburg, PA (August 3, 2009) – Orrstown Bank is proud to announce its continued support of the Cumberland County Future Farmers of America (FFA). The Bank purchased a goat from Dale Shoop, a goat from Abby Finkenbinder, and a swine from Caleb Grove at the 30th Anniversary Market Animal Sale at the Shippensburg Fair.

The National FFA Organization is dedicated to making a positive difference in the lives of students by developing their potential for premier leadership, personal growth and career success through agricultural education.

With over $1 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty-one banking offices and two remote service facilities located in Cumberland, Franklin and Perry Counties, Pennsylvania and Washington County, Maryland. Orrstown Financial Services, Inc.’s stock is quoted on the NASDAQ Capital Market under the symbol ORRF.

Certain statements in this release may constitute “forward looking statements” under the Private Securities Litigation Reform Act of 1995, which involve risk and uncertainties. Orrstown Financial’s actual results may differ significantly from the results discussed in such forward-looking statements. Factors that might cause such a difference include, but are not limited to, economic conditions, competition in the geographic and business areas in which Orrstown Financial conducts its operations, fluctuations in interest rates, credit quality, and government regulation.