Orrstown Bank has found a new home for a pair of commercial lenders it hired last year to work in York County.
The bank opened a loan production office in mid-April at 135 S. George St. in downtown York, according to Mark Bayer, a spokesman for the bank’s Shippensburg-based parent, Orrstown Financial Services Inc. It is not a full-service retail branch.
The office is staffed by Michael Kilgour and Danielle Makrias, both of whom were hired in August 2017 as Orrstown’s first commercial lenders dedicated to York County. They had been working out of the bank’s Harrisburg-area office.
A mortgage originator, Alice Muldrow, also is working out of the office, Bayer said.
The office has room for up to seven people, and Orrstown hopes eventually to add wealth management services, Bayer said. But it depends on finding the right people.
“We’re certainly keeping our eyes open,” Bayer said.
Orrstown Financial has assets of roughly $1.64 billion and offices in Berks, Cumberland, Dauphin, Franklin, Lancaster and Perry counties, as well as in Maryland. It posted net income of $3.6 million in the first quarter of 2018, up from $2 million for the same period in 2017.
“Our solid first quarter metrics validate the continuing effective execution of our strategic growth plan,” Orrstown President and CEO Thomas R. Quinn Jr. said in a statement accompanying the bank’s earning report. “Both our legacy and newer markets are receptive to our community banking model, and the investments we have made over the past several years are contributing to our improved results.”
Editors’ note: This story has been updated from its original version to include additional information about staff in the York office.