Orrstown Bank Announces David Hornberger Joins Organization to Lead Lancaster Region Expansion Efforts

SHIPPENSBURG, Pa., May 23, 2016 (GLOBE NEWSWIRE) -- Today Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ:ORRF), announced that David Hornberger joined the organization as SVP/Market President of the Lancaster Region. Mr. Hornberger has over thirty years of banking experience, most recently serving as Lancaster Market President for BB&T/Susquehanna Bank and predecessors Graystone and Tower Banks.

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Thomas R. Quinn, Jr., President & CEO, commented, “David’s thirty plus years of local experience and strong ties to the Lancaster business community will be instrumental as we continue our expansion efforts in the region.”

Mr. Hornberger joins previously announced Commercial Lenders Adam Althouse, Tom Cislo, and Brandon Leaman, who, along with Sam Smith, will be based out of Orrstown’s recently opened regional facility at 1800 Fruitville Pike in Lancaster.

Mr. Quinn added, “As we execute our strategic expansion plans we will continue to take advantage of opportunities to broaden our presence in the Lancaster region. The unprecedented market disruption of the past two years has created a void in the market and we believe Orrstown Bank can efficiently and effectively deliver the financial service solutions that business and retail clients desire.”

Earlier in May Orrstown Bank announced the addition of a business banking team in Dauphin County who will be based out of another new regional office in Harrisburg at 4750 Lindle Road. That facility is currently undergoing interior renovations and will open this summer.

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.