Orrstown Financial Services, Inc. Announces Executive Level Promotions and Appointments

Thomas R. Quinn, Jr., President and Chief Executive Officer of Orrstown Financial Services, Inc. (NASDAQ: ORRF), parent company of Orrstown Bank, is pleased to announce the following Executive Management promotions and appointments:

Jeffrey W. Embly has been promoted to Chief Operating Officer. Jeff has over 19 years of banking experience, including 14 years with Orrstown Bank, and has served in many capacities during his career at the Bank, including most recently, Chief Credit Officer. Jeff’s leadership, business acumen, and in-depth understanding of the banking industry which he has gained as a result of overseeing a variety of business lines throughout his career have positioned him well for his new responsibilities. Most recently, Jeff led the Bank’s Credit Department through unprecedented times within our industry. In addition to serving on many committees within the Bank, Jeff will directly oversee the Bank’s operations, technology and credit departments.

Philip E. Fague has been promoted to the role of Senior Executive Vice President, responsible for the Bank’s retail, consumer, mortgage and trust lines of business. Philip has had a tremendous impact on the strategic growth of the organization, previously overseeing the trust and wealth management group and, most recently, built the Bank’s mortgage group into a highly productive and profitable stand alone business unit. In addition, Philip’s prior oversight of the retail branch business presents a unique opportunity to fully integrate consumer lines and leverage cross-selling efforts to increase our share of meeting our customers’ financial services needs, and helping them realize their dreams.

Barbara E. Brobst has been promoted to Executive Vice President in charge of Human Resources. Barb, who was recently named Business Person of the Year by the Shippensburg Chamber of Commerce, has developed the organization’s financial advisory group, Orrstown Financial Advisors, into a successful team that has been able to expand its asset growth and profitability under her leadership. Barb’s exceptional personnel skills and thorough understanding of the business will be of great value as we look to expand our Human Resources Department in critical areas such as compensation, training and recruitment. Orrstown Bank’s ongoing commitment to our employees is a key factor in our ability to grow the organization while continuing to produce peer leading results.

Jeffrey S. Gayman has been promoted to Executive Vice President, maintaining his responsibilities for the Bank’s commercial business unit. Jeff has demonstrated outstanding leadership by growing the Bank’s commercial loan portfolio, particularly during this prolonged period of industry contraction. Jeff offers tremendous expertise and guidance to the commercial team and is well positioned to take the business to even higher levels of success.

As a result of Jeff Embly’s promotion, Orrstown Bank has hired Michael Moore to serve as Senior Vice President, Chief Credit Officer. Mike comes to Orrstown Bank with a wealth of knowledge as a Credit professional. His 14 years of banking experience include management of a credit department with 12 credit analysts and a $1.7 billion dollar loan portfolio, portfolio management, commercial lending, managing a team of commercial lenders in the Harrisburg region, and most recently, Chief Credit and Risk Officer, at a community bank located in south-central Pennsylvania.

With the promotion of Barb Brobst to Executive Vice President of Human Resources, Bob Russoli will take on the role of Senior Vice President for Orrstown Financial Advisors. A two time recipient of Financial Network Investment Corporation’s Dual Representative of the Year award, Bob brings to the position a great deal of experience and a proven track record of success. Bob will add great value in his new role as leader of the trust and brokerage departments as Orrstown Bank looks to continue the expansion of Orrstown Financial Advisors.

Thomas R. Quinn, Jr., President and CEO commented: “Orrstown Bank has an exceptionally talented Executive Management Team, and each of these well-deserved promotions and organizational changes will lay the groundwork for the future growth of our organization. In addition, I welcome Mike Moore to the team to further strengthen our depth within the executive management ranks. I look forward to working with each of these leaders in their new roles.”

With over $1.5 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned 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.

Orrstown Bank Participates in "Teach Children to Save" Program

Throughout April and May, Orrstown Bank employees participated in the American Bankers Association’s Teach Children to Save program. Bank employees taught more than 1,000 elementary and middle school students throughout the region, promoting financial literacy and the importance of establishing good money management habits.

“Orrstown Bank is committed to the education of area students. While schools prepare students for real world success, Orrstown Bank focuses on helping young people develop skills for financial success,” commented Mark Bayer, Vice President and Director of Marketing.

The Teach Children to Save program uses lessons that bring together real life and classroom learning, incorporating hands-on scenarios and children’s experiences to help them understand the basic principles of using money wisely. Lessons explore saving, budgeting, prioritizing and more.

Teach Children to Save is a national campaign of volunteer bankers who since 1997 have helped young people develop lifelong savings habits. It includes an annual awareness day, Teach Children to Save Day; a video contest for teens, Lights, Camera, Save!; and the Teach Children to Save website: http://www.teachchildrentosave.com/.

Bayer continued, “In addition to our involvement with the Teach Children To Save program, the Orrstown Bank Foundation also helps prepare students for success through its scholarship program. Over the past five years more than 50 scholarships have been granted to matriculating high school seniors, and this year the program has been expanded and will provide 16 scholarships to high school seniors who are continuing their education.”

Orrstown Bank offers the following tips for money-savvy parents raising money-smart kids:

1. Set the example of a responsible money manager by paying bills on time, being a conscientious spender and an active saver. Children tend to emulate their parents’ personal finance habits.

2. Talk openly about money with your kids. Communicate your values and experiences with money. Encourage them to ask you questions, and be prepared to answer them – even the tough ones.

3. Explain the difference between needs and wants, the value of saving and budgeting and the consequences of not doing so.

4. Open a savings account at your local bank for your children and take them with you to make deposits, so they can learn how to be hands-on in their money management.

5. Give your kids positive feedback. As they get older, give them responsibility over how they spend their money.

With over $1.5 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned 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 Rated One of the Top Performing Community Banks in the Nation for the 6th Year in a Row!

Orrstown Financial Services, Inc., (NASDAQ: ORRF) parent company of Orrstown Bank, was ranked the 38th best performing community bank in the country, according to US Banker magazine. The rankings are based on 3-year return on average equity (ROE) of banks with less than $2 billion in assets, and required at least a 7% 3-year ROE to be included on this year’s list. With a 3-year ROE of 12.30%, Orrstown Financial was the 4th highest ranked Pennsylvania bank on the list. Pennsylvania led all other states with 41 banks ranked in the top 200.

Thomas R. Quinn, Jr. President and CEO commented: “We are pleased to be recognized by US Banker magazine as a top performing bank for the 6th year in a row. Our improvement from the 39th highest performing bank in the nation in 2010, to 38th this year, is a testament to the hard work and support of our Board of Directors, Executive Management Team, and more than 300 dedicated team members. I would also like to acknowledge the support of our shareholders and customers throughout our 92 year history as a locally owned independent bank.”

With over $1.5 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned 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.

Charlene Feuchtenberger Promoted to Assistant Vice President, Fiduciary Officer

Barbara Brobst, Senior Vice President & Senior Trust Officer of Orrstown Financial Advisors recently announced the promotion of Charlene Feuchtenberger to Assistant Vice President and Fiduciary Officer. Charlene has been with the Bank for 12 years and started her career as a Trust Administrative Assistant. She was promoted to Trust Operations Supervisor in 2003 and Trust Operations Officer in 2007. In 2009, she accepted the position of Fiduciary Officer and formed the Fiduciary Unit for Orrstown Financial Advisors.

Brobst commented: “Charlene is well deserving of this promotion. The Fiduciary Unit which Charlene manages is responsible for Trust and Estate administration as well as the tax function for the department including all Fiduciary, Estate and Inheritance taxes. In addition, she supervises the preparation of approximately 300 personal tax returns for our clients and serves as Orrstown Financial Advisors Compliance Officer. Charlene is an outstanding asset to the Orrstown Financial Advisors’ Team.”

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 $978 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 wholly-owned 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.