Shippensburg, PA (September 16, 2010) –
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8th year as a Top 50 Fastest Growing Company
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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.