Orrstown Bank Welcomes Gabe Fortmann

Shippensburg, PA   (February 18, 2010) - Orrstown Bank is pleased to announce that Gabe Fortmann has joined the Company as a Mortgage Originator. Fortmann will serve the Bank’s Washington County, MD market.

Gabe brings over five years of lending experience in the mortgage industry to Orrstown Bank. He was previously employed with MetLife Home Loans and PNC Mortgage in Hagerstown, MD.  Prior to working as a Mortgage Originator, Gabe served in the United States Air Force as an Instructor for the Marines, Army and Air Force. 

Fortmann has a Bachelor's Degree in Political Science from the University of Delaware. Actively involved in the community, Gabe serves on the Pen Mar Board of Realtors.   He currently lives in Waynesboro.

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 Bank Donates $124,000 to Local Educational Organizations

Orrstown Bank believes in giving back to and supporting the communities we live and work in. In 2009, Orrstown Bank donated $124,000 to local educational organizations through the Pennsylvania Educational Improvement Tax Credit (EITC) program.

Thomas R. Quinn, Jr., President  & CEO of Orrstown Bank commented:  “We recognize that the young men and women we impact through the EITC program are our future. At Orrstown Bank, our commitment to our communities is one of the cornerstones of this organization, and we are honored to continue this tradition through our participation with the EITC program.”

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 FILING OF FORM S-3 SHELF REGISTRATION STATEMENT

Shippensburg, Pennsylvania (February 9, 2010) – Orrstown Financial Services, Inc. (the “Company”) (NASDAQ:ORRF) announced today that it has filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission (the “SEC”).  When declared effective by the SEC, the shelf registration statement will allow the Company to raise capital from time to time, up to an aggregate of $80 million, through the sale of common and preferred stock, debt securities, warrants and other securities.  Specific terms and prices will be determined at the time of each offering under a separate prospectus supplement, which will be filed with the SEC at the time of the offering.

Thomas R. Quinn, Jr., President and Chief Executive Officer, said “The shelf registration positions our company to take advantage of future expansion and other potential opportunities for growth by giving us the ability to quickly raise capital when the need may arise.”   

     

The registration statement on Form S-3 filed with the SEC has not yet become effective.  Securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective.  This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of the securities under the securities laws of that state or jurisdiction.  Any offer of securities covered by the registration statement will be made solely by means of a prospectus included in the registration statement and a prospectus supplement with respect to such offering.

With over $1 billion in assets, the Company 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.  The Company’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.  The Company’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 the Company conducts its operations, fluctuations in interest rates, credit quality, and government regulation.