Piper Sandler resumed coverage on Orrstown Financial Services with a new price target

HARRISBURG, Pa., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that Adam L. Metz has been promoted to Senior Executive Vice President and Chief Operating Officer of the Company and its subsidiary bank, Orrstown Bank (the "Bank"), effective immediately, with the intent for him to succeed Thomas R. Quinn, Jr. as President and Chief Executive Officer of the Company and the Bank upon Mr. Quinn's retirement on May 25, 2026. Mr. Metz has served as Executive Vice President and Chief Revenue Officer of the Company and the Bank since February 2019. He previously served as Executive Vice President and Chief Lending Officer of the

HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that Barbara E. Brobst has been appointed to an open position on the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective February 1, 2025. Ms. Brobst served as the Executive Vice President, Chief Human Resources Officer of the Company and the Bank from 2015 to 2022. Prior to that, she served as Senior Vice President for Human Resources of the Bank from 2011 to 2015 and Senior Vice President and Senior Trust Officer of the Bank from 2000 to 2011. Ms. Brobst is an experienced banking executive with over 40 years of experienc

Net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024 compared to net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024; the fourth quarter of 2024 included $3.9 million in expenses related to the merger and $0.5 million for a legal settlement compared to $17.0 million in expenses related to the merger, $15.5 million of provision for credit losses on non-purchase credit deteriorated loans and $4.8 million for an executive retirement, net of taxes, for the third quarter of 2024;Excluding the impact of the non-recurring charges referenced above, net income and diluted earnings per share, respectively,

Piper Sandler resumed coverage of Orrstown Financial Services with a rating of Overweight and set a new price target of $43.00

Hovde Group downgraded Orrstown Financial Services from Outperform to Market Perform

Hovde Group reiterated coverage of Orrstown Financial Services with a rating of Outperform and set a new price target of $42.00 from $37.00 previously

4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)

4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)

4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)

4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)

3 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)

4 - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Issuer)

10-K - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Filer)

NT 10-K - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Filer)

8-K - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Filer)

HARRISBURG, Pa., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that Barbara E. Brobst has been appointed to an open position on the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective February 1, 2025. Ms. Brobst served as the Executive Vice President, Chief Human Resources Officer of the Company and the Bank from 2015 to 2022. Prior to that, she served as Senior Vice President for Human Resources of the Bank from 2011 to 2015 and Senior Vice President and Senior Trust Officer of the Bank from 2000 to 2011. Ms. Brobst is an experienced banking executive with over 40 years of experienc

SHIPPENSBURG, Pa., March 10, 2022 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (NASDAQ:ORRF) (the "Company") today announced that Meera R. Modi has been appointed to an open position on the Boards of Directors of the Company and its principal subsidiary, Orrstown Bank, effective immediately. "Meera is an incredibly valuable addition to our Board of Directors," said Joel Zullinger, Chairman of the Board of Directors, Orrstown Bank. "Her experience, along with her alignment of our core mission, vision, and values, will serve as an excellent resource for both our board and management team." Ms. Modi is a member with the law firm McNees Wallace & Nurick LLC, Harrisburg, PA, focusing

SHIPPENSBURG, Pa., March 31, 2021 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (the “Company”) (NASDAQ: ORRF), the parent company of Orrstown Bank (the “Bank”), announced today that Thomas R. Brugger, Executive Vice President, Chief Financial Officer is retiring effective April 27, 2021. Neelesh Kalani, CPA, who joined the Company in February 2020 and has been serving as Senior Vice President, Chief Accounting Officer since March 2020, will be promoted to Executive Vice President and Chief Financial Officer effective April 28, 2021. In his new role, Mr. Kalani will be responsible for the Company’s financial plans, policies, and financial compliance. Mr. Kalani is a graduate

Net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024 compared to net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024; the fourth quarter of 2024 included $3.9 million in expenses related to the merger and $0.5 million for a legal settlement compared to $17.0 million in expenses related to the merger, $15.5 million of provision for credit losses on non-purchase credit deteriorated loans and $4.8 million for an executive retirement, net of taxes, for the third quarter of 2024;Excluding the impact of the non-recurring charges referenced above, net income and diluted earnings per share, respectively,

Orrstown Financial Services, Inc. ("Orrstown" or the "Company") closed the merger of equals transaction with Codorus Valley Bancorp, Inc. ("Codorus") on July 1, 2024, creating a premier Pennsylvania and Maryland community bank; as a result, the Company's results for the three months ended September 30, 2024 reflect the combined operating results of the combined companies;Codorus contributed, after fair value purchase accounting adjustments, approximately $2.2 billion in total assets, $1.6 billion in loans, and $1.9 billion in deposits at July 1, 2024;Net loss of $7.9 million, or $0.41 per diluted share, for the three months ended September 30, 2024 compared to net income of $7.7 million, or

Orrstown Financial Services, Inc. ("Orrstown" or the "Company") closed the merger of equals transaction with Codorus Valley Bancorp, Inc. ("Codorus") on July 1, 2024; as a result, the second quarter results reported in this release reflect Orrstown's standalone operating results and do not reflect the combined operating results of the two companies;Net income of $7.7 million and diluted earnings per share of $0.73 for the three months ended June 30, 2024 compared to net income of $8.5 million and diluted earnings per share of $0.81 for the three months ended March 31, 2024;Excluding the impact of $1.0 million in expenses related to the merger, net of taxes, net income and diluted earnings pe

SC 13G - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)

SC 13G/A - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)

SC 13G - ORRSTOWN FINANCIAL SERVICES INC (0000826154) (Subject)