Tranche Update on Orrstown Financial Services, Inc.'s Equity Buyback Plan announced on September 14, 2015.
January 20, 2022 at 03:00 am IST
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From October 1, 2021 to December 31, 2021, the company has repurchased 32,652 shares, representing 0.29% for $0.79 million. With this, the company has completed the repurchase of 234,170 shares, representing 2.35% for $4.5 million under the buyback announced on September 14, 2015.
Orrstown Financial Services, Inc. is a financial holding company for its wholly owned subsidiary Orrstown Bank (the Bank). The Company provides banking and financial advisory services located in south central Pennsylvania, principally in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry and York Counties, Pennsylvania, and in Anne Arundel, Baltimore, Howard and Washington Counties, Maryland, as well as Baltimore City, Maryland. The Companyâs lending area also includes adjacent counties in Pennsylvania and Maryland, as well as Loudon County, Virginia and Berkeley, Jefferson and Morgan Counties, West Virginia. The Bank operates in the community banking segment and engages in lending activities, including commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending and deposit services, including checking, savings, time, and money market deposits. The Bank also provides fiduciary, investment advisory, insurance, and brokerage services.