Orrstown Financial Services, Inc. Approves Stock Repurchase Program

Core Viewpoint - Orrstown Financial Services, Inc. has authorized a stock repurchase program for up to 500,000 shares, representing approximately 2.5% of its outstanding common stock [1] Group 1: Stock Repurchase Program - The repurchase will occur in open market or privately negotiated transactions, adhering to SEC Rule 10b5-1 [2] - The timing and number of shares repurchased will depend on various factors including market conditions and corporate liquidity [2] - The stock repurchase program can be suspended or terminated at any time without prior notice [2] Group 2: Company Overview - Orrstown Financial Services, Inc. has $5.4 billion in assets and offers a range of financial services across multiple counties in Pennsylvania and Maryland [3] - The company's lending area extends to counties in Pennsylvania, Maryland, Delaware, Virginia, West Virginia, and the District of Columbia [3] - Orrstown Bank is an Equal Housing Lender, and its deposits are insured by the FDIC [3]