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Orrstown Finl Svcs Inc

 
Hoover's Profile: Orrstown Financial Services, Inc.
(OTC:ORRF)
Contact Information
Orrstown Financial Services, Inc.
77 E. King St.
Shippensburg, PA 17257
PA Tel. 717-532-6114
Toll Free 888-677-7869
Fax 717-532-9342

Type: Public
On the web: http://www.orrstown.com
Employees: 287
Employee growth: 4683.3%

Orrstown Financial Services keeps both paddles in the money pool. The institution is the holding company for Orrstown Bank, which operates branches in Pennsylvania's Cumberland, Perry, and Franklin counties as well as in Maryland's Washington County. In addition to traditional retail deposit offerings, the company provides investment management services including retirement planning and investment analysis through some 20 offices. Real estate mortgages account for the largest portion of the bank's lending portfolio, followed by commercial loans, construction loans, and consumer loans. In 2006 the bank acquired The First National Bank of Newport.

Key numbers for fiscal year ending December, 2008:
Sales: $48.3M
One year growth: 11.3%
Net income: $13.1M
Income growth: 4.3%

Officers:
Chairman, Orrstown Financial and Orrstown Bank: Joel R. Zullinger
President and CEO; President and CEO, Orrstown Bank: Thomas R. (Tom) Quinn Jr.
SVP, CFO, and Assistant Secretary; SVP and CFO, Orrstown Bank: Bradley S. Everly

Competitors:
Citizens Financial Group
M&T Bank
National Penn Bancshares

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