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ORRSTOWN FINANCIAL SERVICES INC — fact timeline

Source-grounded facts extracted from ORRSTOWN FINANCIAL SERVICES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

ORRF ORRSTOWN FINANCIAL SERVICES INC JSON
Shareholder Votes

ORRSTOWN FINANCIAL SERVICES INC shareholders approved Ratify the Audit Committee’s selection of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026 at the 2026-05-05 meeting.

“Ratify the Audit Committee’s selection of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026”
Shareholder Votes

ORRSTOWN FINANCIAL SERVICES INC shareholders approved Approve a non-binding advisory vote regarding the compensation paid to our Named Executive Officers ("Say-On-Pay) at the 2026-05-05 meeting.

“Approve a non-binding advisory vote regarding the compensation paid to our Named Executive Officers ("Say-On-Pay)”
Shareholder Votes

ORRSTOWN FINANCIAL SERVICES INC shareholders approved Elect four directors to Class A for three-year terms expiring in 2029 at the 2026-05-05 meeting.

“Nominee For Withheld Broker Non-Vote Brian D. Brunner 11,191,016 1,293,273 2,579,946 Scott V. Fainor 12,311,705 172,584 2,579,946 Cindy J. Joiner 12,199,481 284,808 2,579,946 Eric A. Segal 12,142,448 341,841 2,579,946”

Thomas R. Quinn, Jr. departed as President, Chief Executive Officer at ORRSTOWN FINANCIAL SERVICES INC.

“effective upon the retirement of Thomas R. Quinn, Jr. from those positions with the Company and the Bank at the close of business on June 1, 2026”

Adam L. Metz was elected as President, Chief Executive Officer and Director at ORRSTOWN FINANCIAL SERVICES INC.

“On May 5, 2026, the Boards of Directors of Orrstown Financial Services, Inc. (the “Company”) and its wholly-owned subsidiary Orrstown Bank (the “Bank”) elected Adam L. Metz as the President, Chief Executive Officer and Director of the Company and the Bank, respectively, effective upon the retirement of Thomas R. Quinn, Jr. from those positions with the Company and the Bank at the close of business on June 1, 2026”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported the quarter ended March 31, 2026 results: net income $21.8 million, EPS $1.12 per diluted share.

“herein in its entirety by reference. --- EX-99.1 (EX-99.1) --- FOR IMMEDIATE RELEASE: Orrstown Financial Services, Inc. Reports First Quarter 2026 Results • Net income of $21.8 million, or $1.12 per diluted share, for the three months ended March 31, 2026 compared to net income of $21.5 million, or $1.11 per diluted share, for the three months ended December”

Adam L. Metz changed role as Senior Executive Vice President and Chief Operating Officer at ORRSTOWN FINANCIAL SERVICES INC.

“Adam L. Metz has been promoted to Senior Executive Vice President and Chief Operating Officer of the Company and its subsidiary bank, Orrstown Bank (the 'Bank'), effective immediately”

Thomas R. Quinn, Jr. departed as President and Chief Executive Officer at ORRSTOWN FINANCIAL SERVICES INC.

“with the intent for him to succeed Thomas R. Quinn, Jr. as President and Chief Executive Officer of the Company and the Bank upon Mr. Quinn’s retirement on May 25, 2026.”

Barbara E. Brobst was appointed as Director at ORRSTOWN FINANCIAL SERVICES INC.

“Barbara E. Brobst has been appointed to the Board of Directors of Orrstown Financial Services, Inc. (the "Company") and its subsidiary bank, Orrstown Bank (the "Bank"), effective February 1, 2025.”

Thomas R. Quinn, Jr. changed role as President and Chief Executive Officer at ORRSTOWN FINANCIAL SERVICES INC.

“On September 25, 2024, the Boards of Directors of the Company and the Bank voted to extend Mr. Quinn’s retirement date to May 25, 2026 and Mr. Quinn accepted this extension.”

Craig L. Kauffman retired as Executive Vice President, Chief Operating Officer and Director at ORRSTOWN FINANCIAL SERVICES INC.

“In connection with Mr. Kauffman’s retirement, on September 25, 2024, the Company and the Bank entered into a Retirement Agreement with Mr. Kauffman (the “Retirement Agreement”) pursuant to which Mr. Kauffman resigned from all officer, director and other positions that he holds with the Company and the Bank effective September 30, 2024 (the “Effective Date”).”
Restructurings & Charges

ORRSTOWN FINANCIAL SERVICES INC announced a restructuring with charges of approximately $534 thousand affecting branch network (Lancaster, PA (Oregon Pike); Camp Hill, PA; Mechanicsburg, PA (Bethany Village); Spring Grove, PA (Jefferson); Lancaster, PA (Centerville); Parkton, MD (Hereford)).

“intends to close six branch locations (the “Branch Closures”). The Branch Closures will result in a one-time pre-tax charge of approximately $534 thousand.”
M&A Transactions

ORRSTOWN FINANCIAL SERVICES INC completed an acquisition involving Codorus Valley Bancorp, Inc. for 0.875 shares of Orrstown common stock (closed 2024-07-01).

“(“Orrstown”) completed the previously announced merger of equals (the “Merger”) with Codorus Valley Bancorp, Inc. (“Codorus Valley”), pursuant to the Agreement and Plan of Merger (the “Merger Agreement”), dated as of December 12, 2023, by and between Orrstown and Codorus Valley.”

J. Rodney Messick was appointed as Vice Chairman of the Orrstown Board at ORRSTOWN FINANCIAL SERVICES INC.

“pursuant to the Merger Agreement, effective as of the Effective Time, J. Rodney Messick, the former chairman of the Codorus Valley board of directors, was appointed as the Vice Chairman of the Orrstown Board and Orrstown Bank Board.”

Joel R. Zullinger was appointed as Class C Director at ORRSTOWN FINANCIAL SERVICES INC.

“Glenn W. Snoke and Joel R. Zullinger, members of the Orrstown Board, resigned from each of their position as a Class A Director, subject to and conditioned upon each of their immediate reappointment as a Class C Director.”

Glenn W. Snoke was appointed as Class C Director at ORRSTOWN FINANCIAL SERVICES INC.

“Glenn W. Snoke and Joel R. Zullinger, members of the Orrstown Board, resigned from each of their position as a Class A Director, subject to and conditioned upon each of their immediate reappointment as a Class C Director.”

John W. Giambalvo was appointed as Director at ORRSTOWN FINANCIAL SERVICES INC.

“the six directors designated by Codorus Valley pursuant to the Merger Agreement, each of whom previously served as a member of the board of directors of Codorus Valley and PeoplesBank, and were appointed by the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time, are as follows: Brian D. Brunner and Scott V. Fainor to Class A, Craig L. Kauffman and J. Rodney Messick to Class B and Sarah M. Brown and John W. Giambalvo to Class C”

Sarah M. Brown was appointed as Director at ORRSTOWN FINANCIAL SERVICES INC.

“the six directors designated by Codorus Valley pursuant to the Merger Agreement, each of whom previously served as a member of the board of directors of Codorus Valley and PeoplesBank, and were appointed by the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time, are as follows: Brian D. Brunner and Scott V. Fainor to Class A, Craig L. Kauffman and J. Rodney Messick to Class B and Sarah M. Brown and John W. Giambalvo to Class C”

J. Rodney Messick was appointed as Director at ORRSTOWN FINANCIAL SERVICES INC.

“the six directors designated by Codorus Valley pursuant to the Merger Agreement, each of whom previously served as a member of the board of directors of Codorus Valley and PeoplesBank, and were appointed by the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time, are as follows: Brian D. Brunner and Scott V. Fainor to Class A, Craig L. Kauffman and J. Rodney Messick to Class B and Sarah M. Brown and John W. Giambalvo to Class C”

Craig L. Kauffman was appointed as Director at ORRSTOWN FINANCIAL SERVICES INC.

“the six directors designated by Codorus Valley pursuant to the Merger Agreement, each of whom previously served as a member of the board of directors of Codorus Valley and PeoplesBank, and were appointed by the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time, are as follows: Brian D. Brunner and Scott V. Fainor to Class A, Craig L. Kauffman and J. Rodney Messick to Class B and Sarah M. Brown and John W. Giambalvo to Class C”

Scott V. Fainor was appointed as Director at ORRSTOWN FINANCIAL SERVICES INC.

“the six directors designated by Codorus Valley pursuant to the Merger Agreement, each of whom previously served as a member of the board of directors of Codorus Valley and PeoplesBank, and were appointed by the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time, are as follows: Brian D. Brunner and Scott V. Fainor to Class A, Craig L. Kauffman and J. Rodney Messick to Class B and Sarah M. Brown and John W. Giambalvo to Class C”

Brian D. Brunner was appointed as Director at ORRSTOWN FINANCIAL SERVICES INC.

“the six directors designated by Codorus Valley pursuant to the Merger Agreement, each of whom previously served as a member of the board of directors of Codorus Valley and PeoplesBank, and were appointed by the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time, are as follows: Brian D. Brunner and Scott V. Fainor to Class A, Craig L. Kauffman and J. Rodney Messick to Class B and Sarah M. Brown and John W. Giambalvo to Class C”

Floyd E. Stoner resigned as Director at ORRSTOWN FINANCIAL SERVICES INC.

“Thomas D. Longenecker, Meera R. Modi, Andrea L. Pugh and Floyd E. Stoner tendered their resignations as members of the Orrstown Board and Orrstown Bank Board and from all committees of the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time.”

Andrea L. Pugh resigned as Director at ORRSTOWN FINANCIAL SERVICES INC.

“Thomas D. Longenecker, Meera R. Modi, Andrea L. Pugh and Floyd E. Stoner tendered their resignations as members of the Orrstown Board and Orrstown Bank Board and from all committees of the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time.”

Meera R. Modi resigned as Director at ORRSTOWN FINANCIAL SERVICES INC.

“Thomas D. Longenecker, Meera R. Modi, Andrea L. Pugh and Floyd E. Stoner tendered their resignations as members of the Orrstown Board and Orrstown Bank Board and from all committees of the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time.”

Thomas D. Longenecker resigned as Director at ORRSTOWN FINANCIAL SERVICES INC.

“Thomas D. Longenecker, Meera R. Modi, Andrea L. Pugh and Floyd E. Stoner tendered their resignations as members of the Orrstown Board and Orrstown Bank Board and from all committees of the Orrstown Board and Orrstown Bank Board, in each case effective as of the Effective Time.”
Shareholder Votes

ORRSTOWN FINANCIAL SERVICES INC shareholders approved Ratify the Audit Committee’s selection of Crowe LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2024 at the 2024-04-30 meeting.

“For Against Abstain 7,988,771 135,856 68,683”
Shareholder Votes

ORRSTOWN FINANCIAL SERVICES INC shareholders approved Non-binding advisory vote regarding the compensation paid to our Named Executive Officers at the 2024-04-30 meeting.

“For Against Abstain Broker Non-Vote 5,387,902 1,307,853 494,636 1,002,919”
Shareholder Votes

ORRSTOWN FINANCIAL SERVICES INC shareholders approved Election of three directors to Class C for three year terms expiring in 2027 at the 2024-04-30 meeting.

“Nominee For Withheld Broker Non-Vote Thomas D. Longenecker 7,006,149 184,242 1,002,919 Andrea L. Pugh 6,478,801 711,590 1,002,919 Floyd E. Stoner 6,964,961 225,430 1,002,919”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported three months ended March 31, 2024 results: net income $8.5 million, EPS $0.81.

“Net income totaled $8.5 million for the three months ended March 31, 2024, compared to $7.6 million for the three months ended December 31, 2023 and $9.2 million for the three months ended March 31, 2023. Diluted earnings per share totaled $0.81 for the three months ended March 31, 2024, compared to $0.73 for the three months ended December 31, 2023 and $0.87 for the three months ended March 31, 2023.”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported the year ended December 31, 2023 results: net income $35.7 million, EPS $3.42.

“Net income totaled $35.7 million and $22.0 million for the years ended December 31, 2023 and 2022, respectively. Diluted earnings per share totaled $3.42 for the year ended December 31, 2023, compared to diluted earnings per share of $2.06 for the year ended December 31, 2022.”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported the three months ended December 31, 2023 results: net income $7.6 million, EPS $0.73.

“Net income totaled $7.6 million for the three months ended December 31, 2023, compared to $9.0 million for the three months ended September 30, 2023 and $9.6 million for the three months ended December 31, 2022. Diluted earnings per share totaled $0.73 for the three months ended December 31, 2023, compared to $0.87 for the three months ended September 30, 2023 and $0.91 for the three months ended December 31, 2022.”
Governance Changes

ORRSTOWN FINANCIAL SERVICES INC: Eliminated director age limitation of 75 years of age in Article III, Section 3-14 of the By-Laws (effective 2023-12-12).

“Effective December 12, 2023, the board of directors of Orrstown amended Article III, Section 3-14 of the By-Laws to eliminate the director age limitation of 75 years of age.”
Material Agreements

ORRSTOWN FINANCIAL SERVICES INC entered into Agreement and Plan of Merger with Codorus Valley Bancorp, Inc. (effective 2023-12-12).

“On December 12, 2023, Orrstown Financial Services, Inc., a Pennsylvania corporation (“ Orrstown ”), and Codorus Valley Bancorp, Inc., a Pennsylvania corporation (“ Codorus Valley ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”)”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported the three months ended September 30, 2023 results: net income Net income totaled $9.0 million, EPS Diluted earnings per share totaled $0.87.

“On October 24, 2023, Orrstown Financial Services, Inc. (the “Company”) issued a press release to report earnings for the quarter ended September 30, 2023.”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported the quarter ended June 30, 2023 results: net income Net income of $9.8 million, EPS diluted earnings per share of $0.94.

“On July 25, 2023, Orrstown Financial Services, Inc. (the “Company”) issued a press release to report earnings for the quarter ended June 30, 2023.”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported the three months ended March 31, 2023 results: net income Net income of $9.2 million, EPS diluted earnings per share of $0.87.

“Net income of $9.2 million and diluted earnings per share of $0.87 for the three months ended March 31, 2023”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported the quarter and year ended December 31, 2022 results: net income $9.6 million, EPS $0.91.

“On January 24, 2023, Orrstown Financial Services, Inc. (the "Company") issued a press release to report earnings for the quarter and year ended December 31, 2022.”
Material Agreements

ORRSTOWN FINANCIAL SERVICES INC entered into Purchase and Assumption Agreement with The Juniata Valley Bank valued at approximately $31.7 million (effective 2022-12-23).

“On December 23, 2022, Orrstown Bank (“Orrstown”), a wholly-owned subsidiary of Orrstown Financial Services, Inc. (the “Company”), announced that it had entered into a Purchase and Assumption Agreement (the “Agreement”) with The Juniata Valley Bank (“Juniata”), a wholly-owned subsidiary of Juniata Valley Financial Corp., providing for the sale of Orrstown’s Path Valley branch located at 16400 Path Valley Road in Spring Run, PA (the “Branch”) to Juniata.”
Material Agreements

ORRSTOWN FINANCIAL SERVICES INC entered into Stipulation and Agreement of Settlement valued at $15.0 million (effective 2022-12-07).

“On December 7, 2022, Orrstown Financial Services, Inc. (the “Company”) entered into a Stipulation and Agreement of Settlement (the “Stipulation”) to settle and resolve the previously disclosed shareholder class action lawsuit”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported nine months ended September 30, 2022 results: net income $12.4 million, EPS $1.16.

“For the nine months ended September 30, 2022, net income, diluted earnings per share, return on average assets and return on average equity totaled $12.4 million, $1.16, 0.59% and 6.58%, respectively.”
Earnings Releases

ORRSTOWN FINANCIAL SERVICES INC reported three months ended September 30, 2022 results: net income $4.8 million, EPS $0.47.

“For the three months ended September 30, 2022, net loss, diluted loss per share, return on average assets and return on average equity totaled $4.8 million, $0.47, (0.68%) and (7.92%), respectively.”
Material Agreements

ORRSTOWN FINANCIAL SERVICES INC entered into Memorandum of Understanding with Southeastern Pennsylvania Transportation Authority and certain other plaintiffs valued at $15.0 million (effective 2022-11-07).

“On November 7, 2022, Orrstown Financial Services, Inc. (the “Company”) entered into a Memorandum of Understanding (the “MOU”) to settle and resolve the previously disclosed shareholder class action lawsuit”

Meera R. Modi was appointed as Director at ORRSTOWN FINANCIAL SERVICES INC.

“Meera R. Modi has been appointed to the Board of Directors of Orrstown Financial Services, Inc. (the "Company") and its subsidiary bank, Orrstown Bank (the "Bank"), effective March 10, 2022.”

Linford Weaver resigned as Director at ORRSTOWN FINANCIAL SERVICES INC.

“On July 19, 2021, Linford Weaver resigned his position as a Director of Orrstown Financial Services, Inc. (the "Company") and its bank subsidiary, Orrstown Bank (the "Bank"), effective immediately.”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.