Orrstown and Codorus Valley receive regulatory approvals for merger; close expected July 1, 2024

ORRSTOWN FINANCIAL SERVICES INC

Received approvals from the Federal Reserve and Pennsylvania Department of Banking and Securities.
Anticipate closing the merger of equals on July 1, 2024, subject to customary closing conditions.
Merger of equals between Orrstown Financial Services (ORRF) and Codorus Valley Bancorp (CVLY).
Transaction was previously announced; regulatory approvals are the latest milestone.

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