SHIPPENSBURG, Pa., June 12, 2017 (GLOBE NEWSWIRE) -- Orrstown Financial Services, Inc. (the “Company”) (NASDAQ:ORRF), the parent company of Orrstown Bank (the “Bank”) and Wheatland Advisors, Inc. ("Wheatland"), announced today that Jeremy Stahl has joined Wheatland as Senior Advisor. Mr. Stahl will be working with the Managing Director of Wheatland, Rick Heilig, to provide investment management services to individual and institutional clients throughout the region.
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Philip Fague, EVP/Trust and Wealth Management, commented, “We are excited to welcome Jeremy to Wheatland Advisors, Inc. His local ties in Lancaster and Harrisburg and more than 15 years of experience will support the continued growth of Wheatland.”
Mr. Stahl, added, “I look forward to continuing the rich tradition of Wheatland’s 30 year history of providing personalized and disciplined portfolio and investment management services throughout the region.”
Mr. Stahl has a BA in Finance and Economics from Temple University and received his MBA from the University of Maryland.
In December of 2016 the Company announced the acquisition of Wheatland, a registered investment advisory firm headquartered in Lancaster. Wheatland currently has more than $145 million in assets under management. The acquisition of Wheatland Advisors, Inc. continued the Company’s expansion into Lancaster County, joining the financial services office at 1800 Fruitville Pike and branches at 2098 Spring Valley Road and 566 Lausch Lane. The Company will open another Lancaster County branch in New Holland in August of 2017.*
Mr. Stahl will be based at the Wheatland office at 144 East Chestnut St. in Lancaster and can be reached at (717) 299-6090 or via email at jstahl@wheatlandadvisors.com.
*Subject to customary regulatory approval.
About the Company
With over $1.4 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned subsidiaries, Orrstown Bank and Wheatland Advisors, Inc., provide a wide range of consumer and business financial services through 26 banking and financial advisory offices in Berks, Cumberland, Dauphin, Franklin, Lancaster and Perry Counties, Pennsylvania and Washington County, Maryland. 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 stock is traded on Nasdaq (ORRF). For more information about Orrstown Financial Services, Inc. and Orrstown Bank, visit www.Orrstown.com. For more information about Wheatland Advisors, Inc., visit www.WheatlandAdvisors.com.
Cautionary Note Regarding Forward-looking Statements: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts.