Orrstown Bank Announces Addition Of Kaliopi (Kali) Karomfily, Commercial Lender, In Lancaster County

SHIPPENSBURG, Pa., Jan. 24, 2017 (GLOBE NEWSWIRE) -- Today Orrstown Bank announced that Kaliopi (Kali) Karomfily joined the Bank as Vice President, Commercial and Industrial Lending Relationship Manager.  Ms. Karomfily has more than 24 years financial services experience, most recently serving at BB&T and predecessor organizations, Susquehanna Bank and Graystone Bank in Lancaster County.

Kaliopi Karomfily
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A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/82153c5d-0491-4d0c-9b18-5df33850ad17

Ms. Karomfily will be based at the Orrstown Bank facility at 1800 Fruitville Pike, Lancaster and joins the Lancaster/Berks County team managed by David Hornberger, SVP/Market President.   Ms. Karomfily will be the sixth commercial lender to join the Lancaster team in the past year as Orrstown Bank continues its strategic expansion into Lancaster and Berks counties.

David Hornberger, SVP/Market President, said, “I have had the opportunity to work with Kali in the past and her addition to the Orrstown Bank team will enable us to continue our successful track record of meeting the needs of the region’s business community.”

Thomas R. Quinn, Jr., President & CEO, added, “The market opportunity in south central Pennsylvania as a result of four significant acquisitions over the past several years has created a void for clients who value the community banking model. Orrstown Bank is pleased to welcome Kali to the organization to help support the bank’s strategic expansion plans.”

In addition to the Commercial Lending team based at 1800 Fruitville Pike, Lancaster, Ms. Karomfily joins representatives from Cash Management, Mortgage Lending, and Orrstown Financial Advisors (Trust and Wealth Management) as Orrstown Bank continues to expand its presence in Lancaster County. 

As announced previously, Orrstown Bank began construction of a new branch on the Manheim Pike in December 2016 and will open another branch in New Holland later this summer.  The Company also recently announced the acquisition of Wheatland Advisors, Inc., a registered investment advisor firm, located at 144 East Chestnut St., Lancaster.

With about $1.4 billion in assets, Orrstown Financial Services, Inc. and its wholly-owned subsidiaries, Orrstown Bank and Wheatland Advisors, Inc., provide a wide range of consumer and business financial services through 26 banking and financial advisory offices in Berks, Cumberland, Dauphin, Franklin, Lancaster and Perry Counties, Pennsylvania and Washington County, Maryland.  Orrstown Bank is an Equal Housing Lender and its deposits are insured up to the legal maximum by the FDIC.  Orrstown Financial Services, Inc.’s stock is traded on Nasdaq (ORRF).  For more information about Orrstown Financial Services, Inc. and Orrstown Bank, visit www.orrstown.com. For more information about Wheatland Advisors, Inc., visit www.wheatlandadvisors.com.

Cautionary Note Regarding Forward-looking Statements: This news release may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.  Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts. 

Contact: Mark Bayer SVP/Strategic Corporate Initiatives P (717) 530-2297 mbayer@orrstown.com

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