SHIPPENSBURG, Pa., Feb. 25, 2020 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. ("Orrstown" or the “Company”) (NASDAQ: ORRF), the parent company of Orrstown Bank (the “Bank”) and Wheatland Advisors, Inc. ("Wheatland"), announced it has entered orders for its stock pursuant to the previously authorized Company’s 2015 share repurchase program. This program authorized the repurchase of 5% of shares or approximately 416,000 shares. The company has remaining authority to repurchase up to 333,275 shares. At this time, Orrstown is unable to say with certainty whether it will be able to completely execute the intended repurchases with the limitations in place, but management ascertained that market conditions warranted an order that can be filled as shares become available. This order may be cancelled at management’s discretion.
Orrstown Announces Utilization of Existing Share Repurchase Authorization
Feb 25, 2020
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