Orrstown Bank Rated A Top Bank in the Nation - 5th Year in a Row!
Author : Orrstown Bank Public Relations
Posted on : June 23, 2010
Shippensburg, PA (June 23, 2010) Orrstown Financial Services, Inc., parent company of Orrstown Bank, was ranked the 39th best performing community bank in the country, according to US Banker magazine. The rankings are based on 3-year return on average equity (ROE) of banks with less than $2 billion in assets. Considered a “star” by US Banker with a 13.11% 3-year ROE, in addition to being ranked 39th nationwide, Orrstown Financial was the 4th highest ranked Pennsylvania bank on the list. Pennsylvania led all other states with 31 banks ranked in the top 200.
Thomas R. Quinn, Jr. President and CEO commented: “We are pleased to be recognized by US Banker magazine as a top performing bank for the 5th year in a row. Our improvement from the 52nd highest performing bank in the nation in 2009, to 39th this year, is a testament to the hard work and support of our Board of Directors, Executive Management Team, and nearly 300 dedicated team members. I would also like to acknowledge the support of our shareholders and customers throughout our 91 year history as a locally owned independent bank.”
With over $1.3 billion in assets, Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, provide a full range of consumer and business financial services through twenty-one banking offices and two remote service facilities located in Cumberland, Franklin and Perry Counties, Pennsylvania and Washington County, Maryland. Orrstown Financial Services, Inc.’s stock is quoted on the NASDAQ Capital Market under the symbol ORRF.