{"schema_version":"secwatch.filing_event.v1","accession":"0000826154-24-000188","form_type":"8-K","ticker":"ORRF","cik":"0000826154","company_name":"ORRSTOWN FINANCIAL SERVICES INC","filed_at":"2024-08-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.991934+00:00","generated_at":"2026-05-31T13:18:16.697299+00:00","sec_items":["2.05","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.35,"calibrated_materiality_score":0.35,"confidence":"high","headline":"Orrstown to close six branches; expects $534K charge and $1.7M annual savings","bullets":["Six branches to close: Lancaster (2), Camp Hill, Mechanicsburg, Spring Grove PA, Parkton MD.","One-time pre-tax charge of ~$534K; expected annual pre-tax savings of ~$1.7M.","Five closures subject to regulatory approval, expected Q4 2024; one consolidation in Q3 2024.","After closures, bank will have 38 full-service branches (avg $123M deposits) and 7 limited-service.","Closures align with client needs and branch network overlap after merger with Codorus Valley."],"urls":{"canonical":"https://secwatch.observer/filing/0000826154-24-000188","json":"https://secwatch.observer/filing/0000826154-24-000188.json","markdown":"https://secwatch.observer/filing/0000826154-24-000188.md","text":"https://secwatch.observer/filing/0000826154-24-000188.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/826154/000082615424000188/0000826154-24-000188-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/826154/000082615424000188/orrf-20240805.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T13:18:16.697299+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}