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Neil Kalani, Orrstown Financial Services' current chief financial officer, will be CFO of the combined company and bank. The remainder of the executive team will be drawn from both Orrstown and ...
The merger will create a community bank with approximately $5.2 billion in assets.
Orrstown is located in northeastern Franklin County at the intersection of Pennsylvania Routes 433 (Rowe Run Road) and 533 (Orrstown Road). PA 433 leads northwestward 5 miles (8 km) to Roxbury and south 5 miles to the Letterkenny Army Depot. Chambersburg, the county seat, is 11 miles (18 km) to the south via PA 433 and U.S. Route 11
A 1969 graduate of Shippensburg Area Senior High School, [3] Coy earned a degree from Shippensburg University in 1973, [3] and served as a director for the Shippensburg-based Orrstown Bank. [4] Coy was first elected to represent the 89th legislative district in the Pennsylvania House of Representatives in 1982. [5]
PPP is designed for small companies and has a maximum of $10 million loan value, but Vibra received the loans split between 26 LLCs at the same address. 23 of the LLCs were funded by Orrstown Bank, and almost all were funded on the same day. Vibra also received $13 million in health care grants from CARES act and $41 million in Medicare payment ...