SHIPPENSBURG, Pa., April 5, 2012 /PRNewswire/ -- Orrstown Bank (the "Bank") is pleased to announce that Floyd E. Stoner has joined the Board of Directors of the Bank effective April 1, 2012. Mr. Stoner has also been nominated to serve as a director for Orrstown Financial Services, Inc. (the "Company"). Subject to shareholder approval at the May 1, 2012 Annual Shareholder's Meeting, Mr. Stoner will fill the vacancy in Class C of the holding company Board of Directors created by the retirement of Kenneth R. Shoemaker.
Thomas R. Quinn, President & CEO, commented, "Floyd's experience at the American Bankers Association provides a unique perspective on the issues facing community banking today. His contributions to the oversight and governance of the Company will be critical as we strengthen Orrstown Bank to fulfill its mission to the shareholders and customers of the region."
Prior to his retirement on December 31st, 2011, Mr. Stoner served 27 years with the American Bankers Association in senior management positions, most recently as the Executive Vice President of Congressional Relations and Public Policy. Mr. Stoner earned his Master of Arts and Doctor of Philosophy in Political Science from the University of Wisconsin-Madison and has also served as an assistant professor at Marquette University. Mr. Stoner currently serves as a Senior Advisor with Alliance Partners.
Mr. Stoner and his wife, Dena Grove Stoner, have a long time affiliation with the region and maintain a residence in the greater Shippensburg area. Mr. Quinn continued, "The combination of local ties and experience at the highest levels of the financial services industry is unique, and we are extremely fortunate to welcome Floyd to the organization."
With nearly $1.5 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.
SOURCE Orrstown Financial Services, Inc.