Orrstown Bank Announces Promotions and New Hire

Jeffrey Gayman, Executive Vice President, Chief Commercial Officer is pleased to announce that Mindy Loftus  has been promoted to Vice President, Regional Senior Loan Officer. In her new role, Mindy will oversee commercial lending for the Carlisle and Shippensburg markets with responsibility for portfolio management, employee development and market growth.

Mindy joined Orrstown Bank in 2001 and throughout her career with Orrstown Bank she has successfully held positions of increasing responsibility including: Retail Lending Officer, Consumer Lending Officer, Commercial Relationship Manager, Commercial Loan Officer, AVP, Business Development Officer, and most recently VP, Business Development Officer.

Mr. Gayman commented, “Mindy has consistently demonstrated her ability to excel in increasingly more complex roles and her leadership will be invaluable as Orrstown Bank continues to grow in these core markets.”

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Brian Selders has been promoted to Vice President, Regional Senior Loan Officer for the Hagerstown and Chambersburg markets.  Brian joined Orrstown in April 2009 as Vice President, Business Development Officer and most recently served as Vice President, Regional Senior Loan Officer for the Hagerstown market. Prior to joining Orrstown Bank, Brian had extensive experience in commercial loan development and retail banking at Sovereign Bank and First United Bank. In his new role, Brian will be focused on employee development, quality control, and growth of the Bank’s southernmost markets.

Mr. Gayman commented, “Brian has shown incredible sales and managerial skills throughout his time at Orrstown Bank, and he is highly deserving of this promotion. Brian is a valuable asset to the organization and will do an excellent job developing the Bank’s commercial lending portfolio in the Chambersburg and Hagerstown regions as we move forward.”

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Bill Feist has been promoted to Vice President, Regional Senior Loan Officer for the for the West Shore, Perry County and Capital Region markets.  Bill joined Orrstown Bank in August 2009 as Vice President, Business Development Officer in the West Shore.  Prior to joining Orrstown Bank, Bill had extensive experience in commercial loan development and credit analysis with Susquehanna Bank, CommunityBanks, Mid Penn Bank and Dauphin Deposit Bank. In his new role, Bill will be focused on employee development, portfolio oversight, and market growth.  

Mr. Gayman commented, “Bill is highly deserving of this promotion and has demonstrated the skill set necessary to excel in his new role. Expansion of the markets Bill oversees is a high priority for the Bank going forward.”

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Michael Moore, Senior Vice President and Chief Credit Officer is pleased to announce that Timothy Berwager has joined Orrstown Bank as Vice President, Credit Officer. Tim will be based out of the Bank’s North Pointe Operations Center in Chambersburg, PA and will manage the Credit Administration Department. Tim brings more than 27 years of credit experience to the position.

A Dickinson College graduate, Tim has completed numerous RMA seminars and training related to Credit and Commercial Lending. Actively involved in the community, Tim is a member of Grace Bible Church in Manchester, MD as well as a member of the YAIAA Chapter of Baseball Umpires. Tim resides in Hanover, PA.

Paul Ritchie Named to CPBJ "40 Under 40" List

Shippensburg, PA – On Tuesday, October 18, Paul Ritchie will be honored as one of Central Penn Business Journal’s 2011 Forty Under 40 award recipients for his commitment to business growth, professional excellence and the community at an evening reception and awards program at Hilton Harrisburg from 6:00 to 9:00 p.m. This year marks the program’s 17^th anniversary.

Paul is currently Vice President and Investment Advisor Manager for Orrstown Financial Advisors. Based out of Orrstown Bank’s Orchard Drive, Chambersburg office, Paul leads the Orrstown Financial Advisor’s southern region team. Paul is actively involved in the community as Treasurer for both the Shippensburg Public Library and Hope Reformed Presbyterian Church. He is also Team Captain for Sports World Ministries and a teacher for Children’s Bible Mission.

This year’s nominations for the Forty Under 40 program ended in late April. A panel of four judges, comprised of past award recipients, reviewed and scored the nominees to determine the top forty list. 2011 judges were Tonia Ulsh, Chief Operating Officer, Mountz Jewelers; Deepa Mehta Balepur, Principal/Partner, The Wolman Group and RE/MAX Associates of Lancaster County; Brian Wassell, Partner with Trout Ebersole Groff; and Joshua George, Associate, Site Design Concepts.

Following the event, Paul and the other award recipients will be featured in a special supplement to the October 21^st edition of the Central Penn Business Journal. The list of winners will also appear in the 2012 Book of Lists publication.

The awards event is open to the public. Tickets can be purchased online for $90 per person at www.centralpennbusiness.com/events.

Sponsors of the 2011 Forty Under 40 program include Members 1^st Federal Credit Union, Comcast Business Class, Eastern University, Highmark Blue Shield, Hilton Harrisburg, Infiniti of Mechanicsburg, Netrepid and Classic Drycleaners & Laundromats.

With over $1.5 billion in assets, Orrstown Financial Services, Inc. and its wholly 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 Celebrates Scholarship Recipients

Shippensburg, PA – Thomas R. Quinn, Jr., President & Chief Executive Officer of Orrstown Bank (NASDAQ: ORRF) is pleased to announce the 2011 recipients of the fifteen Orrstown Bank Foundation $1,000 scholarships and our second $1,500 Kenneth R. Shoemaker Leadership Scholarship. These young men and women were chosen for their academic achievement, test scores, service to school and community, leadership, potential, and financial need. Many of the students and their families joined Mr. Quinn and Mr. Ken Shoemaker, Orrstown Bank Foundation President, for a reception at the Bank’s King Street, Shippensburg office on July 28th.

Mr. Quinn commented, “The scholarship committee read through more than 75 applications this year before choosing these sixteen outstanding students to receive Orrstown Bank scholarships. We are proud to contribute to their continuing education and look forward to helping even more students achieve their dream of a college degree in the future.”

The 2011 Kenneth R. Shoemaker Leadership Scholarship Recipient:

Benjamin Shenk is this year’s recipient of the Kenneth R. Shoemaker Leadership Scholarship. A graduate of Shippensburg Area Senior High School, Ben will attend Shippensburg University in the fall.

“Ben is an outstanding young man and was the clear choice for the Leadership Scholarship. It is important for Orrstown Bank and the Foundation to support our future leaders, and I look forward to seeing the positive impact Ben and the rest of our scholarship recipients will have on our communities,” remarked Mr. Shoemaker.

The 2011 Orrstown Bank Foundation Scholarship Recipients:

§  Sarah Celona of Bible Baptist School will attend Appalachian Bible College.

§  Trinity High School graduate Jacob Coen will attend Providence College.

§  Daniel Combs, a graduate of Greencastle-Antrim High School, will attend Ohio State University.

§  Shippensburg Area Senior High School graduate Kara Dubbs will attend Pennsylvania State University.

§  Cassie Fernelius, a Shippensburg High School graduate, will attend Brigham Young University.

§  Carlisle High School graduate Taylor Frombaugh will attend Millersville University.

§  Joseph Kurtz, a Mechanicsburg Area Senior High School graduate, will attend Pennsylvania State University.

§  Cumberland Valley High School graduate Amisha Lala will attend Lebanon Valley College.

§  Sarah Loy, a Greenwood High School graduate, will attend Colgate University.

§  Allison Moyer, a graduate of Mechanicsburg Area Senior High School, will attend Columbia University.

§  Camp Hill High School graduate Elizabeth Nace will attend the University of Pennsylvania.

§  Adrian Paskey, a Boiling Springs High School graduate, will attend Pennsylvania State University.

§  Daniel Ridenour, Smithsburg High School graduate, will attend West Virginia University in the fall.

§  Newport High School student Victoria Harris will attend Indiana University of Pennsylvania.

§  Hannah Noss, also of Newport High School, will attend Pennsylvania State University

For more information about the Orrstown Bank Foundation, please contact Mr. Ken Shoemaker at 717.258.4920 or by email at kshoemaker@orrstown.com.

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