M&A
confidence high
sentiment positive
materiality 0.80
Orrstown and Codorus Valley shareholders approve merger of equals
ORRSTOWN FINANCIAL SERVICES INC
- Orrstown shareholders approved share issuance: 6,968,156 for, 113,059 against, 18,675 abstain.
- Codorus Valley shareholders also approved the merger and compensation plan.
- Merger expected to close in Q3 2024, pending regulatory approvals and other conditions.
- Orrstown had 10,704,599 shares outstanding; quorum of 7,099,890 shares present.