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+1.41%
Close of 9 Nov 2026, in USD
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About Orrstown Financial Services
From its filings with the US Securities and Exchange Commission
Orrstown Financial Services is based in Harrisburg, Pennsylvania and is incorporated in Pennsylvania. Its shares trade on Nasdaq under the ticker ORRF. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported revenue of $37.1m and net income of $80.9m. At that date it held total assets of $5.54bn and shareholders' equity of $591.5m. By business, Trust and investment management income brought in 40.3% of revenue, followed by Service charges on deposit accounts and ATM fees at 22.9% and Interchange income at 18.7%.
Orrstown Financial Services, Inc., a Pennsylvania corporation, is the financial holding company ("FHC") for its wholly-owned subsidiary Orrstown Bank. The Company’s principal executive offices are located at 4750 Lindle Road, Harrisburg, Pennsylvania, 17111. The Parent Company was organized on November 17, 1987 for the purpose of acquiring the Bank and such other banks and bank-related activities as are permitted by law. The Company provides banking and financial advisory services in south central Pennsylvania, principally in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry and York Counties, Pennsylvania, and in Anne Arundel, Baltimore, Harford, Howard and Washington Counties, Maryland, as well as Baltimore City, Maryland. The Company’s lending area also includes counties in Pennsylvania, Maryland, Delaware, Virginia and West Virginia within a 75-mile radius of the Company's executive and administrative offices as well as the District of Columbia.
The Company merged with Codorus Valley Bancorp, Inc. ("Codorus Valley") and the Bank merged with its wholly-owned bank subsidiary, PeoplesBank, A Codorus Valley Company, with the Company and the Bank as the surviving entities in the Merger on July 1, 2024 (the "Codorus Valley Merger"). The merger and acquisition method of accounting was used to account for the transaction with the Company as the acquirer. The Company recorded the assets and liabilities of Codorus Valley at their respective fair values as of July 1, 2024.
Quoted from its 10-K, filed 12 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 10 Jul 1998
- Employees
- 627
- Head office
- 4750 LINDLE RD, HARRISBURG, PA, 17111
- Incorporated in
- PA
- Classification
- State Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Joel ZullingerIndependent Chairman of the Board, since 1981$183,172
- Mr. Thomas QuinnPresident, Chief Executive Officer, Director, since 2009$4.7m
- Mr. J. Rodney MessickIndependent Non-Executive Vice Chairman of the Board$15,000
- Mr. Neelesh KalaniChief Financial Officer, Executive Vice President$1.1m
- Mr. Benjamin ColvardChief Operating Officer, Executive Vice President
- Mr. Adam MetzChief Operating Officer, Senior Executive Vice President$1.1m
- Ms. Amy DollExecutive Vice President, Chief Administrative Officer
- Mr. Christopher OrrExecutive Vice President, Chief Information Officer
- Mr. Robert CoradiExecutive Vice President, Chief Risk Officer, Secretary$1.2m
- Mr. Matthew DyckmanExecutive Vice President, General Counsel
- Mr. Harland CarneyExecutive Vice President, Market President - York and Adams Counties
- Mr. David ChajkowskiExecutive Vice President
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 33
- Environment
- 6
- Social
- 62
- Governance
- 32
- Women in the workforce
- 70%
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Orrstown Financial Services Inc possesses several strengths that contribute to its overall competitiveness in the market. Firstly, it has a strong financial position, backed by steady revenue growth and solid profitability. This enables the company to withstand economic downturns and take advantage of growth opportunities. Secondly, Orrstown Financial Services Inc has an extensive range of banking and financial services, catering to a diverse range of customers. This diversification helps reduce dependency on specific sectors and provides the company with a competitive edge. Additionally, the company boasts a loyal customer base, built on its reputation for exceptional customer service. This enables Orrstown Financial Services Inc to retain existing customers and attract new ones, leading to increased market share and long-term sustainability. Furthermore, Orrstown Financial Services Inc has a well-established branch network, strategically positioned to serve its target markets effectively. This extensive network contributes to customer convenience and accessibility, further enhancing the company's competitive position. Lastly, the company has a dedicated and skilled workforce, committed to delivering high-quality services to its customers. This human capital serves as a valuable asset, enabling Orrstown Financial Services Inc to innovate and adapt to changing market dynamics efficiently.
Weaknesses
- Despite its strengths, Orrstown Financial Services Inc also possesses certain weaknesses that need to be addressed. One notable weakness is its relatively small size compared to some of its competitors. This may limit its ability to compete on a larger scale and attract larger corporate clients. Additionally, Orrstown Financial Services Inc has a limited geographical presence, primarily focused on specific regions. This geographic concentration exposes the company to local economic conditions and regulatory changes, posing potential risks. Moreover, the company's relative dependence on traditional banking services may hinder its ability to fully capitalize on emerging digital trends and technologies in the financial industry. This could impact its competitiveness in the long run. Furthermore, Orrstown Financial Services Inc may face challenges in maintaining and improving its technology infrastructure and digital capabilities, which are crucial in today's rapidly evolving banking landscape. Lastly, the company needs to continuously invest in employee training and development to ensure its workforce remains up-to-date with industry trends and equipped with the necessary skills to meet changing customer demands.
Opportunities
- Orrstown Financial Services Inc has several opportunities for future growth and expansion. The increasing digitization of financial services presents an opportunity for the company to enhance its online and mobile banking platforms, attracting tech-savvy customers and improving overall customer experience. Furthermore, Orrstown Financial Services Inc can explore potential acquisitions or partnerships to expand its geographic footprint and enter new markets. This would allow the company to tap into untapped customer segments and diversify its revenue streams. Additionally, the growing demand for sustainable and socially responsible investments could be an avenue for Orrstown Financial Services Inc to develop and promote products that align with these values. This would not only attract a new customer base but also contribute to the company's reputation as an ethical financial institution. Moreover, technological advancements, such as artificial intelligence and data analytics, present opportunities for Orrstown Financial Services Inc to enhance its risk management, streamline processes, and personalize its offerings to customers. Lastly, increased regulatory focus on consumer protection and data privacy provides an opportunity for Orrstown Financial Services Inc to demonstrate its commitment to these aspects and differentiate itself from competitors.
Threats
- Orrstown Financial Services Inc faces various threats that could impact its performance and market position. Intense competition within the banking industry, both from traditional banks and emerging fintech players, presents a threat to the company's customer base and profitability. Additionally, economic downturns and fluctuations in interest rates can adversely affect Orrstown Financial Services Inc's financial performance and loan portfolio quality. Moreover, increasing regulatory requirements and compliance costs pose challenges for the company, potentially hindering its ability to adapt quickly and efficiently. Furthermore, ongoing cybersecurity threats and the risk of data breaches pose a significant threat to Orrstown Financial Services Inc's reputation and customer trust. The company needs to remain vigilant and invest in robust cybersecurity measures to mitigate these risks. Lastly, changing customer preferences and behaviors, as well as their increasing reliance on digital platforms, may pose challenges for Orrstown Financial Services Inc in retaining and attracting customers who prefer more technologically advanced and convenient banking services.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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