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.
Friday, September 24, 2010
Wednesday, September 22, 2010
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 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.
Friday, September 17, 2010
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.
• 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.
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