tiprankstipranks
Orrstown Financial Services Announces Merger Completion and Expansion
Company Announcements

Orrstown Financial Services Announces Merger Completion and Expansion

Don't Miss our Black Friday Offers:

Orrstown Financial Services (ORRF) has shared an update.

On July 1, 2024, Orrstown Financial Services, Inc. and Codorus Valley Bancorp, Inc. successfully completed their merger of equals, creating a unified entity with Orrstown as the surviving corporation. Shareholders of Codorus Valley received 0.875 shares of Orrstown stock for each share held, and the combined company assumed Codorus Valley’s existing financial obligations. The merger also resulted in an expanded board with directors from both companies and the appointment of new executive roles, marking a significant milestone in the history of both financial institutions.

Learn more about ORRF stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyOrrstown Financial downgraded to Market Perform from Outperform at Hovde Group
TheFlyOrrstown Financial reports Q3 EPS $1.11, consensus 92c
Austin AngeloOrrstown Financial Services (ORRF) Q3 Earnings Cheat Sheet
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App