Orrstown Bank Employees Support Toys for Tots

Shippensburg, PA (12/20/2010) — At a recent meeting, Orrstown Bank Officers brought new, unwrapped toys to donate to Toys for Tots, and all of Orrstown Bank’s employees have donated hundreds of toys this year to the local Toys for Tots drive. The program, which will serve 2,000 children in 800 families this year, has collected approximately 12,000 toys.



Photo Credit: Crystal Stine, Orrstown Bank



Tom Hazlett, this year’s Toys for Tots donation coordinator commented “We are grateful to Orrstown Bank for their donations and the use of their facilities at the North Pointe Operations Center as our collection site. We have seen a decrease in donations this year, and the support of local organizations like Orrstown Bank have helped us move closer to reaching our goal.”

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF. Member FDIC.



Photos from Bison Statue Dedication

L-R: Mark Bayer, VP/Director of Marketing, Orrstown Bank; Mindy Loftus, AVP/Business Development Officer, Orrstown Bank; Colby Windholz, Business Banking Officer, Orrstown Bank; Jeff Gayman, SVP/Chief Commercial Officer, Orrstown Bank; Tom Quinn, Jr., President & CEO, Orrstown Bank.

L-R: Jordan Wolf, Senior Class President; Sara Malcolm, Student Council Vice President, and John Estes, Student Council President

Orrstown Bank Announces iPhone App!

Shippensburg, PA (12/16/2010) — Orrstown Bank is pleased to announce that it has released its free Mobile Banking application for the iPad®, iPhone®, and iPod Touch®.

Orrstown Mobile Banking takes convenience to a whole other level by enabling customers to bank whenever they would like using their iPad ®, iPhone®, or iPod Touch®.  Orrstown Mobile Banking allows customers to:  

·         view account balances
·         view transaction history
·         view alerts
·         transfer funds between accounts
·         pay bills to existing payees  

Timothy Cox, Electronic Services Manager for Orrstown Bank, commented, "With millions of Apple devices deployed in the United States, we recognized the need to provide our customers the convenience of an application that enables them to easily perform their regular banking functions.  Our new iPhone application is just the first step in Orrstown Bank's strategic deployment of services to meet the changing needs of our current and future customers."

The free Orrstown Mobile Banking application can be downloaded by visiting the iTunes store. Orrstown Bank’s Mobile Banking also supports other smart phones that are web-enabled and allow SSL traffic and offers the same great features as the iPhone app.  Not only is Orrstown Mobile Banking one of the most convenient ways for customers to access their accounts, it also employs the latest encryption technology to keep information safe and secure.  

For more information about Orrstown Mobile Banking, please visit our FAQ page at www.orrstown.com/mobilebanking.cfm or call our Customer Service Center toll free at 1.888.ORRSTOWN.

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF. Member FDIC.

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Orrstown Bank Participates in Bison Statue Dedication

Shippensburg, PA (12/15/2010) — Carlisle Area School District will hold a dedication ceremony on Friday, December 17th at 8:00 a.m. to celebrate the installation of its new mascot “Thor,” a life-size bison statue, at McGowan High School. Orrstown Bank will be recognized during the ceremony for donating the statue to the school district.

The program includes remarks by Student Council President, John Estes and Student Council Vice President, Sara Malcolm, as well as Senior Class President, Jordan Wolf. Thomas Quinn, Jr., President and CEO of Orrstown Bank, will also be in attendance to assist with the unveiling of the new statue. Performances by the high school cheerleaders and band will be included in the celebration.

Please contact Tom Longenecker, Director of Finance/Board Secretary at 717.240.6800 ext. 16808 for further information.

In partnership with students, parents, and the community, the Carlisle Area School District is committed to providing all students with educational and leadership opportunities to develop their intellect and character so that they will accept and meet the challenge of personal responsibility, enabling them to become contributing members of our diverse society. The district shall make every attempt to support a school climate that is based on high expectations and respect for the individuality of all students and staff.

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF. Member FDIC.

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Orrstown Bank Welcomes Rita Carbaugh!

Shippensburg, PA (12/15/2010) — Orrstown Bank is pleased to announce that Rita Carbaugh, Mortgage Originator has joined the Company. Rita will be based out of the Norland Avenue office and has 7 years of experience in the Mortgage Sales industry.

Rita has a Bachelor's Degree in Business Management from Bellevue University, and was recently employed as a Mortgage Development Officer at Sovereign Bank in York, PA. With mortgage rates near their historic lows, Orrstown Bank continues to invest in technology, infrastructure and add talented personnel to the mortgage group to meet customer demand, and Rita's knowledge and experience will be an asset to the Chambersburg team.

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF. Member FDIC.

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Orrstown Bank Donates to R.E.A.C.H.

Shippensburg, PA (12/7/2010) — Ben Walters, Orrstown Financial Advisor for the Bank’s Washington County region recently presented a check to Jill Parker, Crisis Intervention Specialist for REACH, Inc. of Washington County. A non-profit organization, REACH attempts to meet community needs through the help of volunteers and donations.

Ben Walters, Orrstown Financial Advisors presents a check to Jill Parker, Crisis Intervention Specialist

Walters commented, “I learned about funding cuts to the REACH Program through my involvement with Leadership Washington County, and Orrstown Bank’s commitment to supporting our communities fit well with the goals of this non-profit organization. Also, any money donated through the end of the year will be generously matched by an anonymous donor.”

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF.

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Orrstown Bank Encourages Customers to Prevent a Holiday Spending Hangover

Shippensburg, PA (11/29/2010) – Orrstown Bank is kicking off the 2010 holiday shopping season with tips to manage holiday spending and avoid a post-holiday credit hangover.

“Consumers spreading holiday cheer should keep in mind that January bills are only a couple of months away,” says Gary Holder, SVP/Chief Retail Officer. “If consumers are not budgeting for their holiday purchases, people will find themselves bringing in the New Year with last year’s debt.”

Orrstown Bank recommends that customers manage their finances this holiday season with the following spending tips:

• Create a budget and stick to it. Set a dollar amount based on what you can afford this holiday season considering your current savings, income and other expenses. Be sure to include a $20 to $100 cushion for unexpected expenses.

• Make a list. Write down the names of the people you plan to buy gifts for and how much you can afford to spend on each person. Don’t forget to save some of your budget for expenses other than gifts including wrapping paper, cards and postage.

• Bake some cookies. That’s right, if you can’t afford to buy gifts for everyone on your list, bake some holiday goodies and wrap them in cellophane with a holiday bow. Handmade gifts are a special way to say ‘Happy Holidays’ without overspending. Be sure to include these costs in your budget.

• Use credit wisely. Your credit card balance shouldn’t be a complete surprise when you open your statement in January. Take only the credit cards you need when holiday shopping and try to use the card with the lowest interest rate.

• Save your receipts. Keep track of your expenses and add them up weekly to be sure you’re sticking to your budget. If you’re getting close to your spending limit, reevaluate your list and bake more cookies!

• Shop around. Start your holiday shopping early to give yourself time to comparison shop. Take time to do some research before you hit the stores by going online or looking at your local newspaper circulars.

“Holding true to one’s budget during the busy holiday season is an excellent jumpstart to healthy year-long budgeting habits,” said Holder.

Anyone who falls deep in debt and is late on their payments should inform creditors so they can work on a resolution plan with you. Banks and other lenders are often willing to help extend payment periods, consolidate debts or assist in refinancing.

A pattern of late payments in a credit report could make attaining future loans or credit difficult. Consumers in need of help with debt problems should contact the National Foundation for Credit Counseling at 1-800-388-2227.

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF.

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Orrstown Bank Participates in Vision Group Ventures Groundbreaking Ceremony

Shippensburg, PA (11/17/2010) — Zach Flynn, Senior Vice President, Regional Senior Loan Officer for Orrstown Bank’s West Shore region participated in the November 12, 2010 Vision Group Ventures’ groundbreaking ceremony at 4125 North Front Street in Susquehanna Township.

The groundbreaking marks the beginning of a construction project that will result in new office space for Crump Life Insurance Services, allowing them to retain their current 240 employees with room to add an estimated 60 additional employees over the next two years. Zach Flynn commented, “Orrstown Bank is pleased to have the opportunity to provide construction and permanent loan financing for this project. Our mission is to help our customers realize their dreams, and the completion of this building will benefit businesses as well as the community as new jobs are added.”

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF.

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Orrstown Financial Services, Inc. to Present at Sandler O'Neill & Partners, L.P. East Coast Financial Services Conference

Shippensburg, PA (11/09/2010) --- Orrstown Financial Services, Inc. (NASDAQ: ORRF) will address analysts and investors attending the Sandler O'Neill & Partners, L.P. East Coast Financial Services Conference on November 11, 2010. ORRF is scheduled to present at 7:45 a.m. EST. Thomas R. Quinn, Jr., President and CEO, will discuss ORRF strategy, recent business developments and market opportunities. A brief question and answer session will follow the presentation.

The webcast can be accessed via: http://www.sandleroneill.com. Go to the “Conferences” button at the bottom of the page, then select “Register to View Webcast” under the East Coast Financial Services Conference heading. The presentation will also be archived and available for 30 days following the conference.

With over $1.4 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Safe Harbor Statement: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the Corporation's business strategy due to changes in current or future market conditions; the effects of competition, including industry consolidation and development of competing financial products and services; changes in laws and regulations, including the recent Dodd-Frank Wall Street Reform and Consumer Protection Act; interest rate movements; changes in credit quality; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Orrstown Financial Services, Inc.'s filings with the Securities and Exchange Commission. The statements are valid only as of the date hereof and Orrstown Financial Services, Inc. disclaims any obligation to update this information.

The review period for subsequent events extends up to and including the filing date of a public company’s financial statements, when filed with the Securities and Exchange Commission. Accordingly, the consolidated financial information presented in this announcement is subject to change.

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Low Interest Rates at Orrstown Bank Make Home Ownership Possible

Philip Fague, EVP,
Mortgage & Consumer Business

Shippensburg, PA (11/5/2010) — With mortgage interest rates at their lowest levels since World War II, a plentiful housing stock and prices still low, buying a home may now be easier for many Americans than it has been in years.

“Buying a home is the single largest investment that most people will make in their lifetime,” said Philip Fague, Executive Vice President, Mortgage & Consumer Business. “So it’s important to take an honest look at your budget first to see what you can afford.”

Orrstown Bank recommends that potential buyers consider several important factors before deciding to buy a home:

• Review your finances. An honest analysis of your financial situation is central to the decision to buy. Calculate all your monthly expenses in addition to your potential mortgage payment, including homeowner’s insurance, taxes, condo fees and other obligations like car payments, credit card debt, and living expenses, including utilities and groceries. Consumers should anticipate and save for home maintenance costs as well.

• Check your credit score. Your credit history is another important factor when applying for a loan. Most lenders rely on the Fair Isaac Corporation (FICO) credit score or the VantageScore when determining your qualifications for a loan. The score reflects how well you manage your debt and is calculated using data from your credit report. A low credit score will result in a higher interest rate on your loan. If your score is too low, you may not be approved for a loan at all. There are a number of things you can do to improve your credit score, including paying your bills on time, only opening lines of credit you need and keeping your credit card balances below half of your available credit.

• Factor in closing costs. Once you’ve found a home and agreed on a purchase price, there will be costs associated with closing the sale. These costs can vary widely and will depend on the purchase price of the home and whether a real estate attorney or title/escrow company will be involved in the transaction. By law, lenders are required to give you a written estimate of closing costs within three days of accepting your loan application.

Visit our website at www.orrstown.com or call toll free 1.888.ORRSTOWN to find an Orrstown Bank mortgage professional near you! Orrstown Bank, equal housing lender, Member FDIC.

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Jessica Middour, Business Banking Officer, Joins Orrstown Bank

Shippensburg, PA (11/1/2010) Orrstown Bank (NASDAQ: ORRF) is pleased to announce that Jessica Middour has joined the Company as a Business Banking Officer for the Hagerstown Market. With 14 years of banking experience in the Waynesboro/Hagerstown Markets, Jessica's experience and familiarity with the area will be an asset to the organization as we take our Western Maryland market to the next level.

Most recently employed by Sovereign Bank as a Senior Level Teller and Insurance Agent, Jessica is a graduate of Waynesboro High School. Middour is licensed to sell Life Insurance in both Pennsylvania and Maryland and she currently lives in Waynesboro.

With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Orrstown Financial Services, Inc. Announces Record Quarterly Earnings, Fourth Quarter Dividend and Reduction in Risk Assets

Please visit our website, http://www.orrstown.com/, for the complete earnings release.

SHIPPENSBURG, PA (October 28, 2010)
• Third quarter 2010 earnings increased 26.2% vs. third quarter 2009

• 11.0% reduction of risk assets in the third quarter 2010

• Nonperforming assets declined 29.0% since March 31, 2010

• Basic earnings per share of $0.61 for the third quarter 2010, matches third quarter 2009, despite an increase in the number of shares from the March 2010 stock offering

• The Company announced a 2.3% increase in the quarterly dividend over the fourth quarter 2009

Orrstown Financial Services, Inc. (NASDAQ: ORRF) announced today that net income increased 26.2% to $4,896,000 for the quarter ended September 30, 2010, from $3,880,000 for the third quarter of 2009. Diluted earnings per share amounted to $0.61 for the quarter ended September 30, 2010, as compared to $0.60 for the corresponding prior year period. The Company also announced that its Board of Directors declared a fourth quarter cash dividend of $0.225 per share for shareholders of record on November 12, 2010. The dividend will be paid on November 24, 2010.

Commenting on the Company’s results, Thomas R. Quinn, Jr., President and CEO, said, “We are very pleased to report record net income, by quarter, for three sequential quarters and a 17.8% increase in year-to-date earnings compared to the same period last year.”

“Our capital raise in the first quarter of 2010, which increased capital by $37.6 million, combined with our ability to generate deposit growth, allowed us to grow assets 27.4% since September 30, 2009. Our regulatory capital ratios of 9.5% Tier 1 leverage, 13.7% Tier 1 risk-based, and 14.9% Total risk-based are well above the minimums to be considered well capitalized, and position the Company to take advantage of future opportunities.”

Quinn concluded, “Despite a tough banking environment, we have been able to produce consistent operating results, bolster our reserves and capital, and continue our efforts in addressing asset quality. This forward momentum will continue to serve us well during the remainder of 2010 and into 2011.”

Results of Quarterly Operations

Net interest income for the quarter ended September 30, 2010 increased to $11,668,000 as compared to $9,479,000 in the same prior year period. The net interest margin decreased slightly to 3.62% for the three months ended September 30, 2010, a reduction of one basis point versus the same quarter in 2009. The Company continues to lower its cost of funds as evidenced by a decrease of 62 basis points to 0.92% for the three months ended September 30, 2010, as compared to 1.54% in the same prior year period. Average interest-earning assets increased by $286 million for the three months ended September 30, 2010, as compared to the same prior year period.

Other income increased to $6.2 million for the three months ended September 30, 2010, as compared to $4.4 million in the same prior year period. This includes an increase in securities gains from $338,000 during third quarter 2009, to $1,074,000 during third quarter 2010. Noninterest income generation increased across all business lines, including Orrstown Financial Advisors, mortgage origination and deposit based fees. Operating expenses amounted to $9.7 million for the three months ended September 30, 2010, as compared to $8.0 million for the corresponding prior year period.

Results of Year-to-Date Operations

Net interest income for the nine months ended September 30, 2010, increased to $33,465,000 as compared to $26,313,000 in the same prior year period, reflecting a higher net interest margin and higher levels of interest-earnings assets. The net interest margin increased to 3.72% for the nine months ended September 30, 2010, a gain of 19 basis points versus the same period in 2009. The yield on interest-earning assets decreased to 4.76%, as compared to 5.25% in the prior year period. Year to date, the cost of funds decreased to 1.04% for the nine months ended September 30, 2010, as compared to 1.72% in the same prior year period. Average interest-earning assets increased by $225 million for the nine months ended September 30, 2010, as compared to the same prior year period. The provision for loan losses increased to $7,550,000 for the nine months ended September 30, 2010, as compared to $1,265,000 for the corresponding prior year period.

Other income increased to $18.3 million for the nine months ended September 30, 2010, as compared to $12.6 million in the same prior year period. This includes an increase in securities gains from $796,000 through September 30, 2009, to $3,253,000 through September 30, 2010. Operating expenses amounted to $27.1 million for the nine months ended September 30, 2010, as compared to $23.9 million for the corresponding prior year period.

Financial Condition

Assets grew $282 million to $1.478 billion at September 30, 2010, up from $1.196 billion at December 31, 2009. Securities available for sale have increased $232.9 million, or 118.7%, since December 31, 2009. Deposits increased to $1.139 billion at September 30, 2010, from $915 million at December 31, 2009. Stockholders’ equity increased to $163.9 million at September 30, 2010, as compared to $110.9 million at December 31, 2009, boosted by the completion of a common stock offering, in March 2010, that netted approximately $37.6 million in additional capital.

Asset Quality

The Company’s non-accrual loans totaled $14.4 million at September 30, 2010, down $8.6 million, or 37%, from the high of $23.0 million at March 31, 2010. Improvement was made through the reduction in the level of non-accrual loans, loans past due 90 or more days and still accruing, and total delinquency. The Company continues to be diligent in its handling of nonperforming and other risk assets and has been able to reduce the level of risk assets from a high of $32.8 million at March 31, 2010, to $20.5 million as of September 30, 2010. Two large credits, totaling $7.6 million, have been worked off the books since March 2010, which resulted in a $2.0 million charge off in the second quarter. Although the Company’s ratio of total risk assets to total assets increased from 0.96% at December 31, 2009, to 1.39% at September 30, 2010, increases have been noted across the financial services industry and within our peer group. The Company’s allowance for loan losses covered its nonperforming loans and stood at 107% at September 30, 2010.

With over $1.4 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Safe Harbor Statement: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the Corporation's business strategy due to changes in current or future market conditions; the effects of competition, including industry consolidation and development of competing financial products and services; changes in laws and regulations, including the recent Dodd-Frank Wall Street Reform and Consumer Protection Act; interest rate movements; changes in credit quality; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Orrstown Financial Services, Inc.'s filings with the Securities and Exchange Commission. The statements are valid only as of the date hereof and Orrstown Financial Services, Inc. disclaims any obligation to update this information.

The review period for subsequent events extends up to and including the filing date of a public company’s financial statements, when filed with the Securities and Exchange Commission. Accordingly, the consolidated financial information presented in this announcement is subject to change.

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Orrstown Bank Announces 4 Promotions!

Shippensburg, PA (10/21/2010) Orrstown Bank (NASDAQ: ORRF) is pleased to announce that Zachary Flynn has been promoted to the position of Senior Vice President & Regional Senior Loan Officer for the Bank’s Carlisle, West Shore & Perry County Markets. Zach came to Orrstown Bank in December of 2009 as a SVP & Regional Senior Loan Officer for the West Shore & Perry County Markets.

Jeff Gayman, SVP and Chief Commercial Officer commented: “With over 25 years of experience in the Financial Services industry, the expertise and knowledge Zach brings to this position will be an asset to the Carlisle region.”

Orrstown Bank (NASDAQ: ORRF) is pleased to announce that Lew Davey, Vice President, Business Development Officer for the Bank’s West Shore region, will be expanding his role to include activities as a Business Banking Officer in Perry County.

Jeff Gayman, SVP and Chief Commercial Officer commented: “With over 20 years experience working in the East and West Shores, Davey brings a wealth of expertise and knowledge to his new role, and I am confident that he will do all he can to help our customers in Perry County realize their dreams.”

Orrstown Bank (NASDAQ: ORRF) is pleased to announce that Colby Windholz has been promoted to Commercial Loan Officer for the Bank’s Carlisle region.

Jeff Gayman, SVP and Chief Commercial Officer commented: “Colby has built a foundation of solid customer service in the Carlisle region since becoming a Business Banking Officer in 2007, and his work as a Commercial Loan Officer will be an additional asset to the business banking community.”

Orrstown Bank (NASDAQ: ORRF) is pleased to announce that Angela Tatum has been promoted to Commercial Loan Officer for the Bank’s West Shore region. Employed with the Bank since 2002, Tatum has worked as a Business Banking Officer in the West Shore since 2008.

 

Jeff Gayman, SVP and Chief Commercial Officer commented: “Angela’s commitment and dedication to the organization and to our customers is outstanding, and her expertise continues to be an asset to our commercial lending team in the West Shore.”

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

 

Orrstown Bank Promotes National Protect Your Identity Week

Shippensburg, PA (October 15, 2010) – In recognition of National Protect Your Identity week on Oct. 17-22, Orrstown Bank is urging customers to pay particular attention to identity theft prevention.

“Orrstown Bank works diligently to protect our customers from identity theft,” said Jeff Embly, EVP and Chief Credit/Risk Officer. “We use a combination of safeguards to protect customer information, such as employee training, strict privacy policies, and rigorous security standards. But we can’t do it alone. Customers can help us protect them by following a few simple precautions.”

Orrstown Bank encourages customers to follow some simple steps to avoid becoming a victim:

• Shred or tear up statements and other personal information. Criminals may be able to get access to your accounts and personal information by “dumpster diving” (retrieving canceled checks, deposit receipts or bank statements from dumpsters or trash bins).

• Keep an eye out for any missing mail, particularly account statements and bills that do not arrive when expected.

• Review your monthly accounts regularly for any unauthorized charges through the Internet, phone or ATM statements.

• Order free copies of your credit report once a year from each of the credit reporting agencies to ensure accuracy. Go to the Federal Trade Commission’s authorized web site www.annualcreditreport.com for your free credit report.

• Choose to do business with companies you know are reputable, particularly online. When conducting business online, use firewalls, anti-spyware and anti-virus software and do not respond to unsolicited requests for personal information.

• Protect your PINs and passwords. Use a combination of letters and numbers for your passwords and change them periodically.

• Report any suspected fraud immediately to your bank and the fraud units of the three credit reporting agencies.

A special website is available that offers consumer tips, steps for victims and a state-by-state list of Protect Your Identity Week events. There’s also an online ID quiz that can help determine how prone one may be to identity theft. Click here to visit the site: http://www.protectyouridnow.org/.

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Colby Windholz Completes PBA School of Commerical Lending with Honors

Shippensburg, PA (October 14, 2010) – Colby Windholz, Commercial Loan Officer at Orrstown Bank completed coursework with an Honors recognition at the 2010 PBA School of Commercial Lending, July 25 - 30, at the Penn Stater Conference Center, State College, PA. Colby has worked for Orrstown Bank since 2007 and was recently promoted from Business Banking Officer to his current role as Commercial Loan Officer for the Bank’s Carlisle, PA market.

The PBA School of Commercial Lending supports the business development and leadership schools of experienced and potential commercial lenders. Students studied how the economy drives the commercial lending business, business development calling, negotiation skills, analyzing financial statements, presenting to the institution’s loan committee and loan workouts.

The Pennsylvania Bankers Association, located in Harrisburg, is the state’s largest banking trade association representing an expansive and diverse membership. The association offers extensive continuing education programs, government relations representation on behalf of the industry, and provides numerous products and services for banks and their employees.

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Crystal Stine Earns CFMP Designation

Shippensburg, PA (October 14, 2010) – Orrstown Bank is pleased to announce that the American Bankers Association Institute of Certified Bankers has awarded Crystal Stine, Corporate Communications/Public Relations Officer, the Certified Financial Marketing Professional (CFMP) designation. The Certified Financial Marketing Professional certification is designed to:

• Establish a recognized standard of knowledge and competence for marketing professionals working in the financial services industry
• Formally recognize those who meet these standards
• Provide employers with a tool to identify skilled, knowledgeable professionals
• Support the benefits of professional continuing education and development

“Crystal is to be commended on achieving her CFMP designation. Her diligence in improving her knowledge and skill set are a benefit to her and the organization as a whole,” commented Mark Bayer, VP, Director of Marketing.

Stine is a 2001 Shippensburg High School graduate who also holds both Bachelor of Arts and Master of Arts degrees from Villanova University. Crystal earned her American Bankers Association AIB Bank Marketing Diploma earlier this year, which qualified her to sit for the CFMP exam in September.

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Orrstown Bank Welcomes Phil Dorn!

Shippensburg, PA (October 12, 2010) – Orrstown Bank is pleased to welcome Phil Dorn, Mortgage Sales Director to the Company. Based out of the Bank’s Camp Hill office, Phil will manage the mortgage loan origination team while reviewing existing client relationships and developing sales strategies to grow the Bank’s mortgage business.

Dorn brings over 25 years of mortgage loan origination experience to the position and is currently a licensed originator under the Nationwide Mortgage Licensing System. Phil has also received certifications from government agencies such as Fannie Mae, HUD, Pennsylvania Housing and Rural Housing.

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Orrstown Bank Video From Top 50 Ceremony

Orrstown Bank (NASDAQ: ORRF) Following record earnings in 2009, Orrstown Bank was selected as one of the Top 50 Fasting Growing Companies in Central Pennsylvania for the 8th time. This recognition follows the announcement earlier this summer by US Banker Magazine that Orrstown was named one of the top performing community banks in the nation for the 5th year in a row. Below is a video (courtesy of Rutan Productions) from the awards ceremony.

Douglas P. Barton Joins Orrstown Financial Services, Inc. as SVP, Chief Accounting Officer

Shippensburg, PA (9/28/2010) As a result of the continued growth of Orrstown Financial Services, Inc. (NASDAQ: ORRF), the Company is pleased to announce the selection of Douglas P. Barton to assume the role of Senior Vice President and Chief Accounting Officer. Mr. Barton brings to the organization over 24 years of experience in the financial services industry, including an impressive background in accounting and auditing. A certified public accountant, Mr. Barton spent several years with Ernst & Young LLC prior to joining Beard Miller Company LLP, where he held a number of positions of increasing responsibility within the organization. In 1999, Mr. Barton joined Sterling Financial Corporation where he served as Chief Accounting Officer of the formerly $2.8 billion multi-affiliate financial holding company. After six years with Sterling, Mr. Barton rejoined Beard Miller (and its successor ParenteBeard LLC) and was made partner in 2009.


Mr. Barton is a graduate cum laude from Shippensburg University and also holds a Masters of Business Administration degree from LaSalle University.


Thomas R. Quinn, Jr., President & CEO, commented, “Doug’s background and expertise uniquely qualify him for this role and we’re thrilled he has chosen to become a member of the Orrstown team.”


With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.


Safe Harbor Statement: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the Company’s business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations, including industry consolidation and development of competing financial products and services; interest rate movements; changes in credit quality; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Orrstown Financial Services, Inc.’s filings with the Securities and Exchange Commission. The statements are valid only as of the date hereof and Orrstown Financial Services, Inc. disclaims any obligation to update this information.

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Orrstown Financial Services, Inc. Announces Promotion of Bradley S. Everly to Executive Vice President

Shippensburg, PA (9/27/2010) As a result of the continued growth of Orrstown Financial Services, Inc. (NASDAQ: ORRF), the Company is pleased to announce the promotion of Bradley S. Everly to Executive Vice President. Along with his duties as Chief Financial Officer, Mr. Everly will assume increased responsibilities with regard to guiding the strategic growth of the Company, as well as leading the Company’s investor relations efforts.

Thomas R. Quinn, Jr., President & CEO, commented, “Brad’s experience during his 13 years at Orrstown, along with his prior history in the banking and accounting arenas, will be instrumental in taking Orrstown Bank to the next level.”

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Safe Harbor Statement: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the Company’s business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations, including industry consolidation and development of competing financial products and services; interest rate movements; changes in credit quality; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Orrstown Financial Services, Inc.’s filings with the Securities and Exchange Commission. The statements are valid only as of the date hereof and Orrstown Financial Services, Inc. disclaims any obligation to update this information.

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Orrstown Financial Services, Inc. Announces Extension of Stock Repurchase Plan

Shippensburg, PA (September 27, 2010) - The Board of Directors of Orrstown Financial Services, Inc. (NASDAQ: ORRF), the parent company of Orrstown Bank, has announced the approval of the extension of a program to repurchase shares of its own stock from time to time as conditions allow. Orrstown’s Board of Directors previously approved the program in 2006 to repurchase up to 150,000 shares of its stock. To date, the Company has repurchased 106,999 shares pursuant to the program. The Board of Directors has approved extending the plan to authorize the repurchase of up to an additional 150,000 shares, or 1.9 percent of the approximately 7.97 million shares outstanding, which number includes the 43,001 shares remaining to be repurchased under the program as initially approved.


Thomas R. Quinn, Jr., President and Chief Executive Officer, stated that any repurchased shares would be used for various corporate purposes as well as capital management.


With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.


Safe Harbor Statement: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially form those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the Company’s business strategy due to changes in current and future market conditions; the effect of competition, and of changes in law and regulations, including industry consolidation and development of competing financial products and services; interest rate movements; changes in credit quality; volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Orrstown Financial Services, Inc.’s filings with the Securities and Exchange Commission. The statements are valid only as of the date hereof and Orrstown Financial Services, Inc. disclaims any obligation to update this information.

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Orrstown Bank Volunteers with Habitat for Humanity!



Amy Strohm, Marketing Department

 Shippensburg, PA (September 24, 2010) – On September 23rd, ten Orrstown Bank (NASDAQ: ORRF) employees volunteered with Habitat for Humanity to help build a house in Shippensburg. A joint venture between the Franklin County and Cumberland Valley Habitat for Humanity offices, the duplex in Shippensburg will provide housing to two deserving families in our community.

Crystal Stine, Public Relations Officer for the Bank organized the volunteer day and commented: “It is a privilege to have the opportunity to partner with an outstanding organization like Habitat for Humanity. Orrstown Bank’s mission statement is we help customers realize their dreams, and it was extremely fulfilling for the Orrstown team to work alongside the construction professionals to help worthy families realize the dream of home ownership. “

Holly Sherman, HR and
Dale Morrow, Facilities

Habitat for Humanity International is a nonprofit, nondenominational Christian housing ministry. They welcome all people, regardless of religion, race or ethnicity, to build simple, decent, affordable houses in partnership with those who lack adequate shelter. Together, through volunteer labor and donations of money and materials, they have built or rehabilitated more than 350,000 houses, providing shelter for more than 1.75 million people in nearly 90 countries around the world. More information can be found on their website www.habitat.org.

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Orrstown Bank Welcomes Bev Rosenberry!

Shippensburg, PA (September 23, 2010) – Orrstown Bank welcomed Beverly Rosenberry to the Company on July 6th. Bev will serve as the Bank’s Branch Executive Officer at the King Street, Shippensburg office. Ms. Rosenberry brings over 30 years of banking experience to the position, having most recently been employed as a Branch Manager with M&T Bank.


Ms. Rosenberry is a graduate of Shippensburg Area Senior High School, the PBA Intermediate School of Banking, and the PBA Advanced School of Banking. She holds her PA Life and Disability and Series 6/63 Licenses. Actively involved in the community, Bev is a member of Messiah United Methodist Church and is the Treasurer for the Shippensburg United Way.


With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

Orrstown Bank and CCED Partner to Award Small Business First Loan

Shippensburg, PA (September 22, 2010) – Orrstown Bank (NASDAQ: ORRF) is pleased to announce the joint effort of the Bank and Cumberland County Economic Development (CCED) to award a $200,000 Small Business First (SBF) loan to John and Diane Stamy. This loan will allow the Stamy's to purchase a new farm and expand their agricultural business.

Orrstown Bank has been a longtime partner of CCED and was a lending partner in the very first lending program developed by CCED - Cumberland Business First. "Orrstown Bank continues to provide lots of small business financing through this challenging time and having CCED to partner with on Small Business First loans will help Orrstown do even more economic development deals in Cumberland County" said Jeff Gayman, Senior Vice President, Chief Commercial Officer of Orrstown Bank.

CCED’s mission is to be a catalyst for job creation; entrepreneurship; business attractions, retention, and expansion on behalf of the citizens of Cumberland County and South Central Pennsylvania. CCED became a certified Area Loan Organization (ALO) in January of 2010. As such, CCED became authorized by the Department of Community and Economic Development to process state backed economic development loans throughout Cumberland County, PA. Loan programs available to ALO's include among others Small Business First and the Community Economic Development program or CED.

"This loan symbolizes a milestone and represents a huge win for CCED and its supporters", said Omar Shute, Executive Director of CCED. "Our goal is to be the number one economic development lender in Cumberland County and we are on pace to accomplish that goal by the end of 2010. We continue to attract investment to Cumberland County, help create as well as retain jobs, and deliver results for citizens and businesses in Cumberland County and the region", concluded Shute.

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

The Small Business First loan program provides low-interest financing for land and building acquisition, construction, machinery and equipment purchases, and working capital. Through Small Business First, CCED can provide loans for up to $200,000 and depending on the transaction rates can be fixed for as many as 15 years. To check for eligibility and for further information regarding Small Business First and other financing programs available through CCED, visit our website at www.cumberlandbusiness.com or contact Don Coffee at 717.240.7181 or at don@cumberlandbusiness.com.

Orrstown Bank Ranked 19th Fastest Growing Company by CPBJ

Shippensburg, PA (September 16, 2010) –
• 8th year as a Top 50 Fastest Growing Company

• Ranked 19th at this year’s ceremony

Orrstown Bank (NASDAQ: ORRF) Following record earnings in 2009, Orrstown Bank was selected as one of the Top 50 Fasting Growing Companies in Central Pennsylvania for the 8th time. This recognition follows the announcement earlier this summer by US Banker Magazine that Orrstown was named one of the top performing community banks in the nation for the 5th year in a row.

Orrstown Bank President and CEO Thomas R. Quinn, Jr., commented: “We are delighted to be named by the Central Penn Business Journal as one of the Top 50 Fastest Growing Companies again this year. Our record of consistent earnings and growth has resulted in our inclusion for the eighth time. Our continued success is a testament to the support and dedication of our Board of Directors, Executive Management Team, and nearly 300 employees.”

With over $1.3 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 traded on the NASDAQ Capital Market under the symbol ORRF.

In order to be eligible for nomination, companies were required to show revenue of at least $500,000 in each of the fiscal years ending 2007, 2008 & 2009 and show revenue growth for 2009, as compared to 2007. Eligible companies had to be for-profit entities (public or private) headquartered in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry or York county.

Presenting sponsor, SF & Company, calculated the nominations and then ranked the companies according to revenue growth over the three-year period. Both dollar and percentage increases were taken into consideration. This ranking formula led to the recognition of the 2010 Top 50 Fastest Growing Companies, consisting of both large and small companies.

An event was held this morning at the Hilton Harrisburg to recognize the winners and announce their ranks. In addition to the awards breakfast, the Top 50 Fastest Growing Companies will be profiled in a special supplement to the October 1 issue of the Central Penn Business Journal, with a complete list of honorees published in ranked order, along with information on each company’s financial growth.

Top 50 Fastest Growing Companies is a program of the Central Penn Business Journal and is presented by SF&Company. Sponsors include: Citizens Bank; Highmark Blue Shield; Netrepid, Inc; POSG Commercial Interiors; Smilebuilderz and Wevodau Insurance & Benefits Strategies, Inc.

Orrstown Bank Supports Wounded Warrior Invitational

Shippensburg, PA (August 30, 2010) – Orrstown Bank is honored to support the Falling Springs Invitational Fly Fishing Outing for Wounded Warriors, held in Chambersburg, PA. The event, established under the auspice of Project Healing Waters Fly Fishing, Inc., is “a day away from the medical environment for the Warriors and a time of finding their new normal with nature that compliments their ongoing therapy and healing.”

In recognition of Orrstown Bank’s continuing support, Mr. Thomas R. Quinn, Jr., President and CEO of Orrstown Bank, and Dr. Anthony Ceddia, member of the Orrstown Bank Board of Directors, were presented with a plaque by Darv Stutz, Invitational Coordinator on August 26th.

Pictured (L-R): Dr. Anthony Ceddia, Thomas R. Quinn, Jr., and Darv Stutz.
Photo credit: Janelle Allen, Orrstown Bank.

With over $1.3 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 Bank Participates in ABA's "Lights, Camera, Save!" Contest

LIGHTS, CAMERA, SAVE!
Orrstown Bank Calls for Entries

Shippensburg, PA (August 11, 2010) – Today’s kids know everything about everything, but how much to do they know about the value of saving? Orrstown Bank’s participation in the Lights, Camera, Save! competition seeks to answer that very question.

“The Lights, Camera, Save! contest will allow teens to role play and record their thoughts regarding the value of saving money,” explained Crystal Stine, Corporate Communications/Public Relations Officer.  It’s a way to get kids thinking about saving and its impact.”

The video contest is one of several components of the ABA Education Foundation’s Teach Children to Save program. This component is a unique competition that encourages youth to use video to communicate the value of saving and inspire others to become lifelong savers.

"The contest is meant to be fun and exciting but when all is said and done, we hope teens will take action and live this message, ‘Start young, save more,’” Stine added.

To participate, students aged 13-16 can stop by any Orrstown Bank office for an entry form and contest details. Orrstown Bank will host the first round of local level judging and will submit one winning video to compete on the national level for a chance at a $3,000, $1,500 and $500 in U.S. Savings Bonds and an iPod® Touch.

The Teach Children to Save program is a national campaign that organizes banker volunteers to educate young people about the importance of developing a lifelong savings habit. Since 1997, the campaign has reached 3.4 million young people with the help of some 80,000 banker volunteers, an annual awareness day ‐‐ Teach Children to Save Day ‐‐ and the Teach Children to Save Web site: www.teachchildrentosave.com.  

With over $1.3 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 Bank Awards 11 Scholarships to Local Students

Shippensburg, PA (June 24, 2010) – Thomas R. Quinn, Jr., President & Chief Executive Officer of Orrstown Bank (NASDAQ: ORRF) is pleased to announce the 2010 recipients of the ten Orrstown Bank Foundation $1,000 scholarships and our first $1,500 Kenneth R. Shoemaker Leadership Scholarship. 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 commented, “The students that were chosen by the Scholarship Committee are outstanding in both their academic and community achievements. It is our honor to help them realize their academic dreams through these scholarships, and I wish them well as they pursue their college degrees.”

The 2010 Kenneth R. Shoemaker Leadership Scholarship Recipient:

Emily Bessler is the first recipient of the new Kenneth R. Shoemaker Leadership Scholarship. A graduate of Carlisle High School, Emily will attend the College of William and Mary in the fall.

Photo credit: Janelle Allen, Orrstown Bank

The 2010 Orrstown Bank Foundation Scholarship Recipients:

Hannah Bingham, a Camp Hill graduate, will attend Messiah College.

Newport High School graduate Angel Bohn will attend Indiana University of Pennsylvania.

Jason Camarano, a graduate of South Hagerstown High School, will attend the University of Pittsburgh.

Chambersburg High School graduate Andy Dessel will attend Penn State Harrisburg.

Nick Forrester, a Shippensburg High School graduate, will attend Baptist Bible College.

West Perry High School graduate Leslee Goodheer will attend Lancaster General College of Nursing & Health Sciences.

Megan Kelly, a Chambersburg High School graduate, will attend Dusquene University.

West Perry High School graduate Zachary Lemon will attend Juniata College.

Samantha McCulloch, a Big Spring High School graduate, will attend Millersville University.

Hannah Szymanik, a graduate of Boiling Springs High School, will attend Waynesburg University.

 Photo credit: Janelle Allen, Orrstown Bank

With over $1.3 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.