Orrstown Bank is following the lead of some other Cumberland and Dauphin county financial institutions and expanding into Lancaster County.
On Nov. 12, the Shippensburg-based bank opened a loan processing office at 2098 Spring Valley Road in East Hempfield Township. The office currently supports residential mortgage lending, commercial lending and trust and investment advisory services.
The office could support a full-service bank branch, “when the time is appropriate,” said Mark Bayer, senior vice president, project management and marketing at Orrstown. The building formerly was a branch of Blue Bell National Bank.
“If you’re going to go after business, go where the opportunity is,” said Jeff Seibert, chief operating officer at Orrstown. “And we see a lot of opportunity (in the Lancaster area).”
Orrstown is the latest Harrisburg-area financial institution expanding into the Lancaster area. Members 1st Federal Credit Union, based in Upper Allen Township, recently opened two branches in the county, one in Elizabethtown and one in Ephrata. In October, President and CEO Bob Marquette said that wasn’t a coincidence and that the credit union has designs on expanding farther in the county.
Harrisburg-based Metro Bank of Harrisburg has two more Lancaster County locations planned to go along with the three already there, and Camp Hill-based Integrity Bank has a new branch location planned in the county.