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.