---
schema_version: "secwatch.filing_event.v1"
accession: "0000826154-23-000115"
form_type: "8-K"
ticker: "ORRF"
cik: "0000826154"
company_name: "ORRSTOWN FINANCIAL SERVICES INC"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T03:10:01.419720+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Orrstown completes sale of Path Valley branch to Juniata; $18.8M deposits assumed

## Summary
- Transaction closed May 12, 2023; Juniata purchased branch premises and equipment.
- Deposit liabilities of ~$18.8M assumed; Juniata paid a 6% deposit premium, adjusted for post-closing attrition.
- No loans were included in the sale; Orrstown cites strategic objectives and shareholder value.
- Deal was previously announced on December 23, 2022; customers received welcome kits with account details.

## SEC filing metadata
- accession: 0000826154-23-000115
- form_type: 8-K
- ticker: ORRF
- cik: 0000826154
- company_name: ORRSTOWN FINANCIAL SERVICES INC
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/826154/000082615423000115/0000826154-23-000115-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/826154/000082615423000115/orrf-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-23-000115
- JSON: https://secwatch.observer/filing/0000826154-23-000115.json
- Plain text: https://secwatch.observer/filing/0000826154-23-000115.txt

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