SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report - January 2, 2004
ORRSTOWN FINANCIAL SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Pennsylvania 33-18888 23-2530374
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Number)
Identification
incorporation) Number)
77 East King Street
P. O. Box 250, Shippensburg, Pennsylvania 17257
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including
area code: (717) 532-6114
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N/A
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(Former name or former address, if changed since last
report)
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Index to Exhibits Found on Page 4
Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
The Board of Directors of Orrstown Financial
Services, Inc. announces 2-for-1 stock split.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibit:
99 News Release, dated January 2, 2004, of Orrstown
Financial Services, Inc.
Item 8. Change in Fiscal Year.
Not Applicable.
Item 9. Regulation FD Disclosure.
Not Applicable.
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Index to Exhibits Found on Page 4
Pursuant to the requirements of the Securities
Exchange Act of 1934, the Registrant has duly caused this
report to be signed on its behalf by the undersigned
hereunto duly authorized.
ORRSTOWN FINANCIAL SERVICES, INC.
(Registrant)
Dated: January 2, 2004 /s/ Bradley S. Everly
-----------------------------
Bradley S. Everly
Senior Vice President & CFO
Chief Financial Officer
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EXHIBIT INDEX
Page Number
In Manually
Exhibit Signed
Original
99 News Release, dated January 2, 2004,
of Orrstown Financial Services, Inc. 5
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Index to Exhibits Found on Page 4
Exhibit 99
FOR IMMEDIATE RELEASE
CONTACT:
Nathan A. Eifert
Vice President of Marketing
717-530-3545
neifert@orrstown.com
Orrstown Financial Services, Inc.
Announces 2-For-1 Stock Split
(Shippensburg, PA - January 2, 2004) - Orrstown
Financial Services, Inc. (OTC Bulletin Board: ORRF), the
parent company of Orrstown Bank, announced that its Board of
Directors today approved a 2-for-1 stock split payable
February 10, 2004 to shareholders of record on January 16,
2004. Under this split, shareholders will receive one
additional share of stock for each share owned at the close
of business on January 16, 2004.
Kenneth R. Shoemaker, President and Chief Executive
Officer of Orrstown Financial Services, commented, "During
the past year, our stock has performed very well. The
closing price on December 31, 2003 was $ 67.00 per share
compared to $ 44.76 per share on December 31, 2002, which is
an increase of almost 50%. We believe this stock split will
help create a more liquid market for our stock and reflects
the Company's continued strong earnings and stock
performance."
With over $ 450 million in assets, Orrstown Financial
Services, Inc., and its subsidiary, Orrstown Bank, provide a
full range of consumer and business financial services
through twelve banking offices in Cumberland and Franklin
Counties in Pennsylvania. Orrstown Financial Services,
Inc.'s stock is traded in the over-the-counter market under
the symbol ORRF.
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Certain statements in this release may constitute "forward
looking statements" under the Private Securities Litigation
Reform Act of 1995, which involve risk and uncertainties.
Orrstown Financial's actual results may differ significantly
from the results discussed in such forward-looking
statements. Factors that might cause such a difference
include, but are not limited to, economic conditions,
competition in the geographic and business areas in which
Orrstown Financial conducts its operations, fluctuations in
interest rates, credit quality, and government regulation.
# # #
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