Friday, February 18, 2011

Orrstown Bank Donates $15,000 to the Greater Chambersburg Chamber Foundation

Shippensburg, PA (February 17, 2011) – Orrstown Bank (NASDAQ: ORRF) believes in giving back to and supporting the communities in which we live and work. The Company has participated in the Pennsylvania Educational Improvement Tax Credit (EITC) program for more than five years, and gave a total of $124,000 to various local educational organizations in 2010. On February 15, 2011 Thomas R. Quinn, Jr., President and CEO of Orrstown Bank, was pleased to present Noel Purdy, Vice President of the Greater Chambersburg Chamber Foundation, with a $15,000 EITC donation.

Thomas R. Quinn, Jr., President & CEO of Orrstown Bank presents a check to
Noel Purdy, Vice President, Greater Chambersburg Chamber Foundation

Mr. Quinn 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 $1.5 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.

Wednesday, February 16, 2011

Orrstown Financial Advisors Wins Prestigious Awards!

Shippensburg, PA (2.16.11) Orrstown Financial Advisors is pleased to announce that Von Jaymes, Investment Advisor Representative, has been awarded the 2010 BAR Financial Dual Representative of the Year award. This achievement marks the fifth year that an Orrstown Financial Advisors team member has won the award. Previous recipients include Paul Ritchie, Phyllis Nye, and two-time winner Bob Russoli.

In addition to the Dual Rep of the Year award, Orrstown Financial Advisors were also honored with the 2010 Program of the Year award. Barb Brobst, Senior Vice President, Senior Trust Officer commented: “We are honored to receive these awards. They speak to the hard work and dedication of our entire team to provide the superior service that our clients have come to expect.” The Program of the Year award is given by the BAR Region of Financial Network, which represents 28 financial institutions with over 90 registered representatives. Criteria for the award include total sales, compliance, and customer service.

Orrstown Financial Advisors provides conservative, disciplined, and client-centered investment management services tailored to the goals and objectives of their clients. Clients include individuals, businesses, non-profit organizations and municipalities. Orrstown Financial Advisors manages over $900 million in combined trust and brokerage assets with a staff of more than 30 professionals. Securities and investment advisory services offered through Financial Network Investment Corporation, Member SPIC. Orrstown Financial Advisors and Financial Network are not affiliated.

With over $1.5 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.

Thursday, February 10, 2011

Orrstown Bank Announces Promotions: Mindy Loftus & Matt Jones

Shippensburg, PA (2.4.11) Orrstown Bank (NASDAQ: ORRF) is pleased to announce that Mindy Loftus has been promoted to Vice President, Business Development Officer for the Bank’s Carlisle region. Mindy has been employed with the Bank since 2004.

Jeff Gayman, SVP and Chief Commercial Officer commented: “Mindy’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 Carlisle area.”

Orrstown Bank (NASDAQ: ORRF) is also pleased to announce that Matt Jones has been promoted to Assistant Vice President, Business Development Officer for the Bank’s Shippensburg region.

Jeff Gayman, SVP and Chief Commercial Officer commented: “Matt has built a foundation of solid customer service in the Shippensburg region since joining the Company in 2002, and he is well deserving of the promotion to AVP, Business Development Officer.”

With over $1.5 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.

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Orrstown Bank Announces Promotion of Lauren Shutt, SVP/ERM Officer

SHIPPENSBURG, PA (February 10, 2011) Orrstown Financial Services, Inc. (NASDAQ: ORRF), parent company of Orrstown Bank, announced today the promotion of Lauren Shutt to Senior Vice President, Enterprise Risk Management Officer. As a result of her promotion, Ms. Shutt will also join the Executive Management Team of Orrstown Bank.

Thomas R. Quinn, Jr., President and CEO, commented: “Lauren is absolutely the right person to oversee our Enterprise Risk Group. Over the past several years our Company has seen remarkable results and experienced significant growth. We recently announced the highest earnings ever in the history of the organization and also reported that we surpassed the $1.5 billion asset mark for the year ending December 31, 2010. It is critical to ensure that our enterprise risk and compliance practices are consistent with the increased size and complexity of the Company, especially in light of changing regulations as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act.”

Prior to joining Orrstown Bank, Ms. Shutt was the principal in Lauren-Jones, LLC, an internal audit services firm. She also spent 11 years as Audit Manager for a large regional internal audit services firm. Additionally, Ms. Shutt has 20 years of banking experience as Vice President, Chief Administrative Officer, Vice President, Finance, and Corporate Secretary of a $1.2 billion multi-bank holding company. Ms. Shutt is a Certified Risk Professional (CRP). She earned her Bachelor of Arts in Accounting from Wilson College, and is a graduate of the Central Atlantic School of Banking,

With over $1.5 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.

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.

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