SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report - June 10, 2005
ORRSTOWN FINANCIAL SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 33-18888 23-2530374
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
77 East King Street
P. O. Box 250, Shippensburg, Pennsylvania 17257
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (717) 532-6114
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N/A
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(Former name or former address, if changed since last report)
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Index to Exhibits Found on Page 5
Item 1.01 Entry Into Material Agreements.
Not Applicable.
Item 1.02 Termination of Material Agreement.
Not Applicable.
Item 1.03 Bankruptcy.
Not Applicable.
Item 2.01 Acquisition - Disposition of Assets.
Not Applicable.
Item 2.02 Result of Operations - Financial Condition.
Not Applicable.
Item 2.03 Financial Obligations - Off-Balance Sheet.
Not Applicable.
Item 2.04 Acceleration of Financial Obligations.
Not Applicable.
Item 2.05 Exit or Disposal Activities
Not Applicable.
Item 2.06 Material Impairments
Not Applicable.
Item 3.01 Notice of Delisting or Noncompliance
Not Applicable.
Item 3.02 Unregistered Sale of Securities
Not Applicable.
Item 3.03 Modification of Shareholder Rights.
Not Applicable.
Item 4.01 Change in Accountants.
Not Applicable.
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Index to Exhibits Found on Page 5
Item 4.02 Non-Reliance on Financial Statements.
Not Applicable.
Item 5.01 Change in Control.
Not Applicable.
Item 5.02 Resignation of Directors - Principal Officers.
Not Applicable.
Item 5.03 By-Law Amendments - Change in Fiscal Year.
Not Applicable.
Item 5.04 Suspension of Trading - Employee Benefit Plans.
Not Applicable.
Item 5.05 Code of Ethics.
Not Applicable.
Item 7.01 Regulation FD.
Not Applicable.
Item 8.01 Voluntary Disclosure of Other Events.
Kenneth R. Shoemaker, President and Chief Executive
Officer of Orrstown Bank announced that the bank plans to
open a full service branch office at 3405 Market Street in
Camp Hill.
Item 9.01. Exhibits
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibit:
99 News Release, dated June 10, 2005 of Orrstown
Financial Services, Inc.
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Index to Exhibits Found on Page 5
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
ORRSTOWN FINANCIAL SERVICES, INC.
(Registrant)
Dated: June 10, 2005 /S/Bradley S. Everly
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Bradley S. Everly
Senior Vice President & CFO
Chief Financial Officer
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Index to Exhibits Found on Page 5
EXHIBIT INDEX
Page Number
In Manually
Exhibit Signed Original
99 News Release, dated June 10, 2005,
of Orrstown Financial Services,
Inc. 6
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Index to Exhibits Found on Page 5
Exhibit 99
Orrstown Financial Services, Inc.
FOR IMMEDIATE RELEASE CONTACT:
Robert J. Gentry
Vice President
Director of Marketing
717-530-3545 Phone
717-530-5664 Fax
Orrstown Bank to open new office in Camp Hill
Shippensburg, PA (June 8, 2005) -
Kenneth R. Shoemaker, President and Chief Executive Officer
of Orrstown Bank announced that the bank plans to open a full
service branch office at 3405 Market Street in Camp Hill. It is
scheduled to open mid third quarter of this year in the space
previously occupied by M&T Bank. The office will occupy 3700 sq.
ft. and have 3 drive-up lanes and a drive-up ATM.
According to Shoemaker, "We are excited by the opportunity to
bring our unique style of true community banking to an attractive
market such as Camp Hill. This area represents a natural extension
of our geographic footprint and we believe the same qualities that
have enabled us to be successful in the past will allow us to
flourish in Camp Hill".
Orrstown Bank has entered into an agreement to lease its
fourteenth full service branch. The branch will offer retail and
business accounts as well as trust and investment management
services. It will operate Monday thru Saturday with extended hours
on Thursdays and Fridays. Orrstown Bank operates in Cumberland and
Franklin Counties and has assets of over $530 Million. The bank is
awaiting approval from its state and federal regulatory agencies.
Orrstown Bank is a subsidiary of Orrstown Financial Services,
Inc., which is traded in the OTC market under the symbol ORRF.
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Certain statements in this release may constitute "forward looking
statements" under the Private Securities Litigation Reform Act of
1995, which involve risk and uncertainties. Orrstown Financial's
actual results may differ significantly from the results discussed
in such forward-looking statements. Factors that might cause such
a difference include, but are not limited to, economic conditions,
competition in the geographic and business areas in which Orrstown
Financial conducts its operations, fluctuations in interest rates,
credit quality, and government regulation.
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