ORRSTOWN FINANCIAL SERVICES Business Summary

Orrstown Financial Services, Inc. (ORRF) operates as a diversified financial holding company for Orrstown Bank, generating revenue through a dual-stream model of net interest income from commercial and consumer lending and non-interest income from its robust wealth management and mortgage banking divisions. Following its transformative 2024 merger with Codorus Valley Bancorp, the firm has scaled to approximately $5.4 billion in assets, operating over 50 branches across South Central Pennsylvania and the Greater Baltimore region. The company’s business segments are categorized into Community Banking and Wealth Management, with the latter increasingly contributing to a diversified revenue mix that accounts for over 22% of total operating revenue as of early 2026. In the regional landscape, Orrstown competes directly with mid-tier institutions such as Fulton Financial (FULT), S&T Bancorp (STBA), and ACNB Corporation (ACNB), positioning itself as a high-touch community alternative with the operational scale and product depth of a larger regional player. Founded in 1919, the company is currently navigating a strategic multi-year succession plan led by President and CEO Thomas R. Quinn, Jr., a veteran executive with over 15 years at the helm who is slated for retirement in May 2026. Supporting this transition is Senior Executive Vice President and COO Adam L. Metz, the designated successor who has been instrumental in the bank's recent organic and inorganic growth. Financial strategy is directed by Executive Vice President and CFO Neelesh Kalani, who oversees capital management and investor relations following the successful integration of the PeoplesBank systems. The board, chaired by Joel Zullinger, includes notable industry veterans like Barbara E. Brobst, while the executive bench was recently bolstered by Matt Alpert as Chief Wealth Officer to drive fee-income expansion through the bank's growing advisory and trust services.