SHIPPENSBURG, Pa., Feb. 28, 2013 /PRNewswire/ -- Orrstown Financial Services, Inc. (NASDAQ: ORRF) announced today that Ben Wallace has joined Orrstown Bank as EVP / Operations & Technology.
Mr. Wallace has spent the past 12 years at JPMorgan Chase & Co. (and its predecessors) in increasingly complex roles and most recently served as Senior Director / Technology for the Consumer Technologies Division.
Mr. Wallace will be responsible for developing the strategic plans and implementing the supporting tactics relative to operations and technology as the Company grows and diversifies. Mr. Wallace is a graduate of Penn State University (Schreyer Honors Scholar); the University of Pennsylvania; obtained his Juris Doctor degree from the Widener University School of Law, and is a member of the Pennsylvania Bar Association. Mr. Wallace brings a highly developed skill set and depth and breadth of experience to the Bank.
Thomas R. Quinn, Jr., President & Chief Executive Officer, commented, "We are extremely pleased to welcome Ben to our team and I am confident that his leadership, expertise and critical eye will be an asset as the Company continues to execute its strategic growth plans."About the Company:With over $1.2 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned 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. Safe Harbor Statement:This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various risks, uncertainties and other factors. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of the Company's business strategy due to changes in current or future market conditions; the effects of competition, including industry consolidation and development of competing financial products and services; changes in laws and regulations, including the recent Dodd-Frank Wall Street Reform and Consumer Protection Act; interest rate movements; changes in credit quality; inability to raise capital under favorable conditions, volatilities in the securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in Orrstown Financial Services, Inc.'s filings with the Securities and Exchange Commission. The statements are valid only as of the date hereof and Orrstown Financial Services, Inc. disclaims any obligation to update this information. SOURCE Orrstown Financial Services, Inc.