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Orrstown Bank Ranked 19th Fastest Growing Company by CPBJ

Shippensburg, PA (September 16, 2010) –
  • 8th year as a Top 50 Fastest Growing Company
  • Ranked 19th at this year’s ceremony
Orrstown Bank (NASDAQ: ORRF) Following record earnings in 2009, Orrstown Bank was selected as one of the Top 50 Fasting Growing Companies in Central Pennsylvania for the 8th time. This recognition follows the announcement earlier this summer by US Banker Magazine that Orrstown was named one of the top performing community banks in the nation for the 5th year in a row.

Orrstown Bank President and CEO Thomas R. Quinn, Jr., commented: “We are delighted to be named by the Central Penn Business Journal as one of the Top 50 Fastest Growing Companies again this year. Our record of consistent earnings and growth has resulted in our inclusion for the eighth time. Our continued success is a testament to the support and dedication of our Board of Directors, Executive Management Team, and nearly 300 employees.”

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 traded on the NASDAQ Capital Market under the symbol ORRF.

In order to be eligible for nomination, companies were required to show revenue of at least $500,000 in each of the fiscal years ending 2007, 2008 & 2009 and show revenue growth for 2009, as compared to 2007. Eligible companies had to be for-profit entities (public or private) headquartered in Adams, Cumberland, Dauphin, Lancaster, Lebanon, Perry or York county.

Presenting sponsor, SF & Company, calculated the nominations and then ranked the companies according to revenue growth over the three-year period. Both dollar and percentage increases were taken into consideration. This ranking formula led to the recognition of the 2010 Top 50 Fastest Growing Companies, consisting of both large and small companies.

An event was held this morning at the Hilton Harrisburg to recognize the winners and announce their ranks. In addition to the awards breakfast, the Top 50 Fastest Growing Companies will be profiled in a special supplement to the October 1 issue of the Central Penn Business Journal, with a complete list of honorees published in ranked order, along with information on each company’s financial growth.

Top 50 Fastest Growing Companies is a program of the Central Penn Business Journal and is presented by SF&Company. Sponsors include: Citizens Bank; Highmark Blue Shield; Netrepid, Inc; POSG Commercial Interiors; Smilebuilderz and Wevodau Insurance & Benefits Strategies, Inc.

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