Orrstown Bank breaks ground on new branch, continuing push into Lancaster County
Orrstown Bank held a ground-breaking ceremony Tuesday for a new branch in Lancaster County, marking the bank's continued push into the recent hotbed of banking activity.
The branch will be the Shippensburg-based institution's third office in Lancaster County and its second in Manheim Township. Located at 566 Lausch Lane, it is slated for completion in April 2017 and will initially employ five people.
"We have received an overwhelmingly positive response so far in Lancaster and Berks counties and are excited about the addition of this new branch at a great location," said David Hornberger, a senior vice president and market president at Orrstown.
Orrstown, which has roughly $1.4 billion in assets, made its first mark in Lancaster County in 2013 when it opened a loan production office in East Hempfield Township. The bank later opened a full-service branch at the site.
Earlier this year, Orrstown opened offices for its commercial lending and wealth management teams at 1800 Fruitville Pike in Manheim Township. It also hopes to open a branch in the New Holland area in August of 2017, pending regulatory and other approvals.
Orrstown's footprint includes 25 offices throughout southcentral Pennsylvania and northern Maryland, with a growing interest in the Lancaster-Dauphin region.
It is one of several banks to try to take a slice of the Lancaster market over the past several years. Mid Penn Bank, PeoplesBank and Centric Bank have also expanded their presence in the county in the wake of acquisitions that knocked banks like Metro and Susquehanna out of the market.
"Throughout our nearly 100-year history we have looked for opportunities to meet the needs of current and future clients in the region, and this new facility is a continuation of our expansion into an attractive market with a strong demand for a community banking model that emphasizes local decision-making," said Orrstown President and CEO Thomas Quinn Jr.