Orrstown Financial Services, Inc.

Orrstown Financial Services, Inc. is the financial holding company for Orrstown Bank, which provides commercial banking and financial advisory services to retail, commercial, non-profit, and government clients in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits, as well as certificates of deposit. On the lending side, it offers commercial loans such as commercial real estate, equipment, construction, working capital, and commercial purpose loans, as well as industrial loans. Its consumer loan portfolio includes home equity loans and lines of credit, residential mortgage loans, agricultural loans, acquisition and development loans, municipal loans, and installment loans. Additionally, through Orrstown Financial Advisors, it provides fiduciary services such as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor services, along with retail brokerage services via a third-party broker/dealer arrangement, and insurance and investment advisory services.

Orrstown Financial Services, Inc. is listed on the NasdaqCM exchange under the ticker symbol ORRF. The company's financials are reported in US Dollars (USD), which is the currency of the United States where it is headquartered and operates. As a regional bank holding company, its stock trades in US dollars on a major US exchange, making it accessible to investors through standard brokerage accounts.

Orrstown Financial Services, Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry. This classification indicates that the company is a regional bank holding company, meaning it provides traditional banking services such as deposits and loans to individuals and businesses within a specific geographic area, rather than operating on a national or global scale. Regional banks like Orrstown typically focus on relationship-based banking and community involvement, offering a range of financial products tailored to local markets.

Orrstown Financial Services, Inc. is headquartered in Harrisburg, Pennsylvania, United States. The company serves retail, commercial, non-profit, and government clients primarily in the United States. As a regional bank, its operations are concentrated in the areas where Orrstown Bank has branches, likely within Pennsylvania and possibly neighboring states. The bank's long history, dating back to its founding in 1919, underscores its deep roots in the local communities it serves.

Orrstown Financial Services generates revenue primarily through its banking operations, which include net interest income from loans and deposits, and non-interest income from fees and services. On the lending side, it earns interest from a diverse portfolio of commercial loans (real estate, equipment, construction, working capital), consumer loans (home equity, residential mortgages, agricultural loans), and municipal loans. On the deposit side, it uses customer deposits to fund loans, paying lower interest rates on deposits than it earns on loans. Additionally, the company earns fee income from fiduciary services under Orrstown Financial Advisors, including trustee, executor, investment advisory, and custodial services, as well as retail brokerage services through a third-party broker/dealer arrangement, and insurance services.