After expanding its Maryland business through a merger this spring, Orrstown Financial Services Inc. has hired a former BB&T executive to head up its operations in the Old Line state.
Christopher D. Holt has been named the first-ever Maryland region market president for Orrstown, the Shippensburg-based parent of Orrstown Bank.
“Chris is a proven leader with strong ties and significant experience in the Maryland region,” Thomas R. Quinn, Jr., president and CEO of Orrstown, said in a statement. “As market president, Chris will be empowered to make critical business decisions and he will have the autonomy to lead our efforts in the Maryland market. Our strategy is to continue to expand our presence in Maryland, and Chris will play a key role in our future success here.”
Holt, who has more than 30 years of banking experience, worked most recently as regional president for BB&T in the state of Maryland. He was also an executive with Susquehanna Bank, which was bought by BB&T in 2015.
“I am excited to join the Orrstown team and further develop its strong brand and presence throughout the Maryland market,” Holt said in a statement.
Holt earned a bachelor’s degree from St. Mary’s College of Maryland and a master’s degree in real estate finance from Johns Hopkins University. He is on the executive committee of the Maryland Zoo, the foundation board of Carroll County Hospital, the foundation board of St. Mary’s College and the boards of the Greater Baltimore Committee and the Maryland Council of Economic Education.
In May Orrstown closed on a $58.5 million deal to buy Maryland-based Hamilton Bank, which had seven branches in and around Baltimore. Orrstown now has eight branches in Maryland and 37 overall, as well as assets of $2.5 billion. Orrstown Financial also is the parent of Wheatland Advisors Inc.