Orrstown Financial Services Inc., the bank holding company for Orrstown Bank based in Shippensburg, announced the successful closing of the previously announced acquisition of Mercersburg Financial Corp. this month. In connection with the holding company merger, Mercersburg’s banking subsidiary, First Community Bank of Mercersburg, has been merged with and into Orrstown Bank.
“We are pleased to welcome Mercersburg’s customers, employees and shareholders to the Orrstown family,” said Thomas R. Quinn Jr., Orrstown president and CEO. “As one community bank, we will be able to enhance our customer experience by providing a wider range of products and services through additional locations and digital channels.”
Effective as of legal closing, Mercersburg President and CEO Robert J. Fignar will become Executive Vice President and Orrstown’s Market President for Franklin and Perry County, Pennsylvania, and Washington County, Maryland.
“Through this combination with Orrstown, we are pleased to have been able to provide increased value to our customers and shareholders,” said Fignar. “The cultures of our two organizations are closely aligned, and we are committed to building upon our shared core values of supporting our customers and the needs of the communities we serve.”