Orrstown Financial Services, Inc. Announces Promotion of Adam Metz to Senior Executive Vice President and Chief Operating Officer
February 13 2025 - 4:30PM
Orrstown Financial Services, Inc. (NASDAQ: ORRF) (the “Company”)
today announced that Adam L. Metz has been promoted to Senior
Executive Vice President and Chief Operating Officer of the Company
and its subsidiary bank, Orrstown Bank (the "Bank"), effective
immediately, with the intent for him to succeed Thomas R. Quinn,
Jr. as President and Chief Executive Officer of the Company and the
Bank upon Mr. Quinn’s retirement on May 25, 2026.
Mr. Metz has served as Executive Vice President
and Chief Revenue Officer of the Company and the Bank since
February 2019. He previously served as Executive Vice President and
Chief Lending Officer of the Company and the Bank from September
2016 to February 2019. From 2011 to 2016, Mr. Metz served as Senior
Vice President, Chief Lending Officer of Metro Bank, headquartered
in Harrisburg, Pennsylvania.
“Adam understands the mission, culture and
values that have driven Orrstown Bank’s growth over the past
decade,” said Thomas R. Quinn, Jr., President and Chief Executive
Officer. “His efforts and leadership have contributed significantly
to the bank’s success during that time. Adam’s promotion is part of
our natural succession planning process and is extraordinarily
well-deserved.”
About Orrstown
With $5.4 billion in assets, Orrstown Financial
Services, Inc. and its wholly-owned subsidiary, Orrstown Bank,
provide a wide range of consumer and business financial services in
Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York
Counties, Pennsylvania and Anne Arundel, Baltimore, Harford,
Howard, and Washington Counties, Maryland, as well as Baltimore
City, Maryland. The Company's lending area also includes adjacent
counties in Pennsylvania and Maryland, as well as Loudoun County,
Virginia and Berkeley, Jefferson and Morgan Counties, West
Virginia. Orrstown Bank is an Equal Housing Lender and its deposits
are insured up to the legal maximum by the FDIC. Orrstown Financial
Services, Inc.’s common stock is traded on Nasdaq (ORRF). For more
information about Orrstown Financial Services, Inc. and Orrstown
Bank, visit www.orrstown.com.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains “forward-looking
statements” within the meaning of Section 27A of the Securities Act
and Section 21E of the Exchange Act. Forward-looking statements
reflect the current views of the Company's management with respect
to, among other things, future events and the Company's financial
performance. These statements are often, but not always, made
through the use of words or phrases such as “may,” “should,”
“could,” “predict,” “potential,” “believe,” “will likely result,”
“expect,” “continue,” “will,” “anticipate,” “seek,” “estimate,”
“intend,” “plan,” “project,” “forecast,” “goal,” “target,” “would”
and “outlook,” or the negative variations of those words or other
comparable words of a future or forward-looking nature. These
forward-looking statements are not historical facts, and are based
on current expectations, estimates, predictions or projections
about events or the Company's industry, management’s beliefs and
certain assumptions made by management, many of which, by their
nature, are inherently uncertain and beyond the Company's control.
Accordingly, the Company cautions you that any such forward-looking
statements are not guarantees of future performance and are subject
to risks, assumptions and uncertainties that are difficult to
predict. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable as of
the date made, actual results may prove to be materially different
from the results expressed or implied by the forward-looking
statements. Accordingly, you should not place undue reliance on any
such forward-looking statements. Any forward-looking statement
speaks only as of the date on which it is made, and the Company
disclaims any obligation to publicly update or review any
forward-looking statement, whether as a result of new information,
future developments or otherwise. All forward-looking statements,
expressed or implied, included in this press release are expressly
qualified in their entirety by this cautionary statement. This
cautionary statement should also be considered in connection with
any subsequent written or oral forward-looking statements that the
Company or persons acting on the Company's behalf may issue.
Contact
For media inquiries or further information,
please contact:
John Moss SVP, Director of Marketing and Client
Experience, Orrstown Bank 717-747-1520 jmoss@orrstown.com
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