---
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"
generated_at: "2026-05-31T13:18:16.697299+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# Orrstown to close six branches; expects $534K charge and $1.7M annual savings

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 2.05, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000826154-24-000188
- JSON: https://secwatch.observer/filing/0000826154-24-000188.json
- Plain text: https://secwatch.observer/filing/0000826154-24-000188.txt

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