ORRSTOWN FINANCIAL SERVICES INC
Q1 2015 Form 13-F
ORRSTOWN FINANCIAL SERVICES, INC. Form 13-F reported portfolio values from Q3 2013 to Q2 2025
Description and Activity
Orrstown Financial Services, Inc. is a financial holding company established in 1919, with its subsidiary Orrstown Bank providing a range of banking and financial advisory services. Operating primarily in south central Pennsylvania and Maryland, the company focuses on commercial and residential lending, deposit products, and investment services. Orrstown Financial Services became publicly traded on the Nasdaq Capital Market in 2023 under the ticker symbol "ORRF."
Orrstown Bank, the company’s primary asset, offers various financial products, including commercial real estate loans, equipment financing, construction loans, working capital, and other commercial purpose loans. It also provides deposit products such as checking and savings accounts, money market accounts, certificates of deposit, and treasury management solutions, all supported by digital banking capabilities.
The company operates in a competitive environment, going head-to-head with other banks, credit unions, and financial services companies. It differentiates itself through a combination of value, service, and convenience, facilitated by a network of branches and ATMs. Continue reading...
Regulated by the Federal Reserve Board and the Pennsylvania Department of Banking and Securities, Orrstown Financial Services is subject to rigorous reporting, examination, and capital requirements. It also adheres to the disclosure and regulatory requirements mandated by the Securities and Exchange Commission.
In a recent strategic move, Orrstown Financial Services announced the acquisition of Codorus Valley Bancorp, Inc. (CVLY) in December 2023, pending regulatory approvals and customary closing conditions. As of the end of 2023, CVLY managed $2.2 billion in assets and operated 22 full-service branches and eight limited-purpose branches in Pennsylvania and Maryland.
The company employs 410 full-time and 15 part-time employees, emphasizing a diverse workforce and offering competitive compensation, benefits, and opportunities for development. It maintains robust risk management practices, including internal and independent loan reviews and oversight by the Management ERM Committee to ensure the adequacy of its allowance for credit losses.
Orrstown Financial Services faces various risks, such as credit, interest rate, liquidity, and operational risks. It is required to meet minimum risk-based capital and leverage capital ratios, which are regularly monitored by regulators.
The company’s common stock is listed on the Nasdaq Capital Market, and it complies with the informational requirements of the Exchange Act by filing periodic reports with the SEC. Orrstown Financial Services offers a comprehensive suite of financial products and services, catering to both individual and business clients, including cash management, merchant services, and commercial lending.