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John W. Giambalvo, a director at Orrstown Financial Services Inc. (NASDAQ:ORRF), recently acquired 1,000 shares of the company’s common stock, as disclosed in a recent SEC filing. The shares were purchased on March 10 at a price of $30.80 each, totaling $30,800. Following this transaction, Giambalvo holds a direct ownership of 40,562 shares. Additionally, he has an indirect ownership of 5,282 shares through the Jack Giambalvo Motor Co profit sharing plan.
This transaction highlights Giambalvo’s continued investment in Orrstown Financial, a regional bank based in Pennsylvania. The purchase reflects a direct increase in his personal stake in the company, which has maintained dividend payments for 11 consecutive years and currently offers a 3.4% yield. InvestingPro analysis reveals 8 additional key insights about ORRF’s financial health and market position.
In other recent news, Orrstown Financial Services, Inc. has announced significant changes in its leadership team. Adam L. Metz has been promoted to Senior Executive Vice President and Chief Operating Officer, with plans to succeed the current President and CEO, Thomas R. Quinn, Jr., upon his retirement in May 2026. Metz has been with Orrstown since 2016, bringing extensive experience from his previous roles within the company and at Metro Bank. Additionally, Orrstown Financial has appointed Barbara E. Brobst to its Boards of Directors, effective February 2025. Brobst’s extensive 40-year background in the banking sector and her previous role as Executive Vice President, Chief Human Resources Officer for Orrstown, underscore her qualifications. Joel Zullinger, Chairman of the Board, highlighted Brobst’s expertise in wealth management and human capital management as valuable assets. Orrstown Financial Services, which manages $5.4 billion in assets, continues to expand its leadership team with these strategic appointments.
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