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The Juniata Valley Bank and Orrstown Bank Announce Definitive Agreement for Sale of Orrstown’s Path Valley Branch to Juniata

Retrieved on: 
Friday, December 23, 2022

MIFFLINTOWN, PA AND SHIPPENSBURG, PA, Dec. 23, 2022 (GLOBE NEWSWIRE) --  The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), jointly announced today that they have entered into a Purchase and Assumption Agreement (the “Agreement”) providing for the sale of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA, to Juniata.

Key Points: 
  • MIFFLINTOWN, PA AND SHIPPENSBURG, PA, Dec. 23, 2022 (GLOBE NEWSWIRE) --  The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), jointly announced today that they have entered into a Purchase and Assumption Agreement (the “Agreement”) providing for the sale of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA, to Juniata.
  • Pursuant to the terms of the Agreement, The Juniata Valley Bank has agreed to assume certain deposit liabilities totaling approximately $31.7 million and purchase certain assets, including the Path Valley branch real estate, furniture, equipment and cash.
  • The Path Valley branch will remain open as an Orrstown Bank branch through closing and, after closing, will become a branch of The Juniata Valley Bank.
  • Customers of the Path Valley branch will receive additional information regarding the transaction in the near future.

The Juniata Valley Bank and Orrstown Bank Announce Definitive Agreement for Sale of Orrstown’s Path Valley Branch to Juniata

Retrieved on: 
Friday, December 23, 2022

MIFFLINTOWN, Pa. and SHIPPENSBURG, Pa., Dec. 23, 2022 (GLOBE NEWSWIRE) -- The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), jointly announced today that they have entered into a Purchase and Assumption Agreement (the “Agreement”) providing for the sale of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA, to Juniata.

Key Points: 
  • MIFFLINTOWN, Pa. and SHIPPENSBURG, Pa., Dec. 23, 2022 (GLOBE NEWSWIRE) -- The Juniata Valley Bank, a wholly-owned subsidiary of Juniata Valley Financial Corp. (OTCQX:JUVF) (“Juniata”), and Orrstown Bank, a wholly-owned subsidiary of Orrstown Financial Services, Inc. (NASDAQ: ORRF) (“Orrstown”), jointly announced today that they have entered into a Purchase and Assumption Agreement (the “Agreement”) providing for the sale of Orrstown’s Path Valley branch, located at 16400 Path Valley Road in Spring Run, PA, to Juniata.
  • Pursuant to the terms of the Agreement, The Juniata Valley Bank has agreed to assume certain deposit liabilities totaling approximately $31.7 million and purchase certain assets, including the Path Valley branch real estate, furniture, equipment and cash.
  • The Path Valley branch will remain open as an Orrstown Bank branch through closing and, after closing, will become a branch of The Juniata Valley Bank.
  • Customers of the Path Valley branch will receive additional information regarding the transaction in the near future.

Orrstown Financial Services, Inc. Announces Strategic Initiatives to Drive Long-Term Growth and Improve Operating Efficiencies

Retrieved on: 
Wednesday, September 28, 2022

SHIPPENSBURG, Pa., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. ("Orrstown" or the Company) (NASDAQ: ORRF), the parent company of Orrstown Bank (the Bank), today announced initiatives designedto drive long-term growth, focus the organization on a rapidly changing banking environment and improve operating efficiencies.

Key Points: 
  • SHIPPENSBURG, Pa., Sept. 28, 2022 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. ("Orrstown" or the Company) (NASDAQ: ORRF), the parent company of Orrstown Bank (the Bank), today announced initiatives designedto drive long-term growth, focus the organization on a rapidly changing banking environment and improve operating efficiencies.
  • We will still seek to expand the franchise through strategic placement of brick-and-mortar locations along with providing best in class digital solutions.
  • We intend to continue to provide the service our clients have come to expect while broadening our impact across the region.
  • For more information about Orrstown Financial Services, Inc. and Orrstown Bank, visit www.orrstown.com.