---
schema_version: "secwatch.filing_event.v1"
accession: "0000826154-22-000194"
form_type: "8-K"
ticker: "ORRF"
cik: "0000826154"
company_name: "ORRSTOWN FINANCIAL SERVICES INC"
filed_at: "2022-12-28T23:59:59+00:00"
generated_at: "2026-06-20T22:39:44.452057+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Orrstown sells Path Valley branch to Juniata Valley Bank; assumes $31.7M deposits at 6% premium

## Summary
- Sale of Path Valley branch (Spring Run, PA) to Juniata Valley Bank; deposit liabilities ~$31.7M assumed; 6% premium on final deposit balance.
- No Orrstown loans included; transaction includes branch real estate, furniture, equipment, and cash. Expected close Q2 2023.
- Path Valley branch, previously set to close Dec 30, 2022, will remain open as Orrstown until closing, then become Juniata branch.
- Orrstown's other four branch closures (Chambersburg, East Earl, Mechanicsburg, Orrstown) remain on schedule for Dec 30, 2022.
- Orrstown CEO says sale allows Path Valley community to keep in-person banking while achieving strategic objectives and shareholder value.

## SEC filing metadata
- accession: 0000826154-22-000194
- form_type: 8-K
- ticker: ORRF
- cik: 0000826154
- company_name: ORRSTOWN FINANCIAL SERVICES INC
- filed_at: 2022-12-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826154/000082615422000194/0000826154-22-000194-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826154/000082615422000194/orrf-20221223.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-22-000194
- JSON: https://secwatch.observer/filing/0000826154-22-000194.json
- Plain text: https://secwatch.observer/filing/0000826154-22-000194.txt

## Key facts
- Material Agreements
  ORRSTOWN FINANCIAL SERVICES INC entered into Purchase and Assumption Agreement with The Juniata Valley Bank valued at approximately $31.7 million (effective 2022-12-23).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: The Juniata Valley Bank
  - Value: approximately $31.7 million
  - Effective: 2022-12-23
  source text: On December 23, 2022, Orrstown Bank (“Orrstown”), a wholly-owned subsidiary of Orrstown Financial Services, Inc. (the “Company”), announced that it had entered into a Purchase and Assumption Agreement (the “Agreement”) with The Juniata Valley Bank (“Juniata”), a wholly-owned subsidiary of Juniata Valley Financial Corp., providing for the sale of Orrstown’s Path Valley branch located at 16400 Path Valley Road in Spring Run, PA (the “Branch”) to Juniata.
  evidence_url: https://www.sec.gov/Archives/edgar/data/826154/000082615422000194/0000826154-22-000194-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.