Orrstown Financial Services, Inc. Announces Resignation of David P. Boyle, as Executive Vice President, Chief Financial Officer and Principal Accounting Officer
March 28, 2019 at 05:14 pm EDT
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Orrstown Financial Services, Inc. announced that on March 28, 2019, David P. Boyle, Executive Vice President, Chief Financial Officer and Principal Accounting Officer of the corporation, informed the corporation that he does not intend to renew his employment agreement. Mr. Boyle's decision is due to personal reasons and is not the result of any disagreement with the corporation on any matter relating to the corporation's operations, policies or practices. Mr. Boyle and the corporation have agreed to work through an orderly transition of the duties of the Chief Financial Officer over the coming months.
The corporation intends to commence a search for a new Chief Financial Officer during this time.
Orrstown Financial Services, Inc. is a financial holding company for its wholly owned subsidiary Orrstown Bank (the Bank). The Company provides banking and financial advisory services located in south central Pennsylvania, principally in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry and York Counties, Pennsylvania, and in Anne Arundel, Baltimore, Howard and Washington Counties, Maryland, as well as Baltimore City, Maryland. The Companyâs lending area also includes adjacent counties in Pennsylvania and Maryland, as well as Loudon County, Virginia and Berkeley, Jefferson and Morgan Counties, West Virginia. The Bank operates in the community banking segment and engages in lending activities, including commercial, residential, commercial mortgages, construction, municipal, and various forms of consumer lending and deposit services, including checking, savings, time, and money market deposits. The Bank also provides fiduciary, investment advisory, insurance, and brokerage services.
Orrstown Financial Services, Inc. Announces Resignation of David P. Boyle, as Executive Vice President, Chief Financial Officer and Principal Accounting Officer