Orrstown Bank Announces Addition of New Commercial Lenders in Dauphin County Pennsylvania

SHIPPENSBURG, Pa., May 09, 2016 (GLOBE NEWSWIRE) -- Today Orrstown Bank (Nasdaq:ORRF) announced that Commercial Lenders Cheryl Howard and Charles (“Chip”) Wasson recently joined the Bank and will focus on Commercial & Industrial Lending. Ms. Howard and Mr. Wasson have a combined 51 years of experience in the region and will be based at the Bank’s regional office facility at 4750 Lindle Road, Harrisburg, Pennsylvania.

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Thomas R. Quinn, Jr., President & CEO, commented, “Both Cheryl and Chip are highly experienced and talented bankers and their presence in Dauphin County will enable us to meet the needs of business clients as we execute our strategic expansion plans.”

  • Cheryl Howard, VP / C&I Relationship Manager, has more than 25 years of banking experience and has spent the past 12 years at First National Bank of Pennsylvania in roles of increasing responsibility.
  • Chip Wasson, SVP / Regional Senior Loan Officer, has been a banker for 26 years and joined First National Bank of Pennsylvania in 2006.

Mr. Quinn continued, “The market disruption in south central Pennsylvania as a result of four significant acquisitions over the past several years has created a void for clients who value the community banking model. Orrstown Bank is pleased to have both Cheryl and Chip join the organization and help support the bank’s strategic expansion plans in Dauphin and other surrounding counties.”

Ms. Howard and Mr. Wasson will join other bankers based out of Orrstown’s new Harrisburg regional office facility representing C&I Lending, CRE Lending, Mortgage Origination, and Trust and Wealth Management. The building, which will open for business this summer, will also contain a state-of-the-art automated In-Lobby-Teller (“ILT®”) system and provide a full range of retail banking products and services.

With about $1.3 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned subsidiary, Orrstown Bank, provide a full range of financial services through 22 locations throughout Pennsylvania and Maryland. Orrstown Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the FDIC. Orrstown Financial Services, Inc.’s stock is traded on Nasdaq (ORRF). More information available at www.orrstown.com.

Cautionary Note Regarding Forward-looking Statements: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts.

Contact: Mark Bayer SVP/Strategic Corporate Initiatives P (717) 530-2297 mbayer@orrstown.com

Source:Orrstown Financial Services, Inc.