"In my perspective, Orrstown is committed to offer as many Mercersburg team members as possible, opportunity in the combined organization. 47%Total risk-based capital ratio. ACH Routing Numbers are used for direct deposit of payroll, dividends, annuities, monthly payments and collections, federal and state tax payments etc. ABA Routing Number: Routing numbers are also referred to as "Check Routing Numbers", "ABA Numbers", or "Routing Transit Numbers" (RTN). Pennsylvania Department of State,, 22 Mar 2022. ARTICLES OF CONVERSION-ALL TYPES 1. 28%Cost of funding earning assets. Others include: - Dr. David C. and M. Marie Gnage. Orrstown Financial Services, the parent company of Orrstown Bank, announced Thursday that it received regulatory approvals and waivers from the Board of Governors of the Federal Reserve System and the Pennsylvania Department of Banking and Securities to complete the acquisition of Mercersburg Financial Corporation and the related merger of First Community Bank of Mercersburg with Orrstown Bank.
CONTACT FIRST COMMUNITY BANK OF MERCERSBURG. 128, 568FHLB advances. With the support of alumni and friends, "A Greater Penn State" seeks to fulfill the three key imperatives of a twenty-first-century public university: keeping the doors to higher education open to hardworking students regardless of financial well-being; creating transformative experiences that go beyond the classroom; and impacting the world by fueling discovery, innovation and entrepreneurship.
Please make sure your browser supports JavaScript and cookies and that you are not blocking them from loading. 01 November 2022- A bank robbery around 9:45am at the Community State Bank in Mercersburg is still being investigated after police release photographs of a woman wanted for questioning. First Community Bank of Mercersburg has banking locations. While committing the crime, the suspect was wearing eyeglasses, a gray hoodie, a COVID-19 surgical mask, black pants, and black/dark blue sneakers with white trim. FFIEC Call Report 31 Filer: No. 182, 859Average earning assets. Please make sure this is the correct routing number for your branch! Mercersburg was not actively looking for a partner, but thought a partnership with Orrstown made sense after the bank was approached by Orrstown, said Robert J. Fignar, president and CEO of Mercersburg.
Orrstown's subsidiaries include Orrstown Bank and Wheatland Advisors Inc., which it bought in 2016. 8, 252All other assets. Assets and Liabilities (December 31, 2011). 14Interest-bearing balances. The Mercersburg bank announced plans to merge with Orrstown Bank to customers in a letter on July 10, which is posted on its website. Below you will find ratings, reviews, corporate information, directions, their phone number, and branch locations. Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC). The combined bank is expected to have about $2 billion in assets, $1. First Community Bank of Mercersburg is one of six donors to recently establish Open Door Scholarships at Penn State Mont Alto.
4 million merger agreement with Mercersburg Financial Corp., which is the parent company of First Community Bank of Mercersburg. Last Data Update: November 03, 2006. WHAT IS A BANK ROUTING NUMBER? 253272368 053202208.
Bob Fignar, Mercersburg's president and CEO, will become Orrstown's market president for Franklin and Perry counties in Pennsylvania and Washington County in Maryland. You have access to our entire database of rates at no cost to you. Money Market Accounts. It happened around 4 a. m. Tuesday at the First Community Bank of Mercersburg on Loudon Road. The suspect in question was seen leaving the scene in a silver Chevrolet Sonic and heading west on Buchanan Trail West. FDIC Supervisory Region: New York. 35%Core capital (leverage) ratio.
"The Penn State Mont Alto community is fortunate that the First Community Bank of Mercersburg and others have made such generous gifts to our campus, " said Penn State Mont Alto Chancellor Francis K. Achampong. "I deal with several other bank. The robbery at the Community State Bank at 350 N Main Street in Mercersburg began when the woman in question approached bank tellers and demanded they place money into a black bag she brough with her. 541Sale, conversion, retirement of capital stock, net. 39%Net operating income to assets. 56%Noninterest expense to earning assets. Following the closing, one of Mercersburg's current directors, to be mutually agreed upon, will be added to the boards of directors of Orrstown and Orrstown Bank. First Community Bank Of Mercersburg ABA Routing Number. "As our local market continues to develop through economic expansion by national and international companies, the need for employees with quality educational backgrounds continues to increase. 744Additional noninterest income. Overview, Financial Summary, Detailed Financial Reports, Branches. 161, 983Average loans. Both banks have a culture of commitment to shareholders, customers, and the communities we serve, " the letter states. Stoners On The Square.
FIRST COMMUNITY BANK OF MERCERSBURG ROUTING NUMBER & INFORMATION. 00%Loss allowance to loans. 0Trading account gains & fees. Ownership Type: Non-Stock. To learn more about establishing a scholarship or making a gift to Penn State Mont Alto, contact Development Director Randall Ackerman at 717-749-6116 or email [email protected]. Offices: 7 (Domestic: 7, Interstate: No). "This creates opportunities for students with limited financial means and unlimited potential and I hope it inspires others to consider how they, too, can make a difference for our students. 2, 867Subordinated debt.
Mercersburg Elementary School. "Mercersburg and Orrstown are community banks with similar cultures and values, and we are dedicated to ensuring this is a seamless transition for our customers. Find all routing number for First Community Bank in the below table. 540 2ND AVE S GLASGOW. Bank Holding Company (Regulatory Top Holder): Mercersburg Financial Corporation (RSSDID: 1143427, Location: Mercersburg, PA). 5, 761Total noninterest expense. Insurance Fund Membership: Deposit Insurance Fund (DIF). Quinn added that he wished to thank Bob Fignar, the president and CEO of Mercersburg, "for his diligence and effort in helping to lead this effort. Similarly named companies. 162, 321Total liabilities and capital. "This is a big win for our region, our customers and our shareholders, " president and CEO of Orrstown, Thomas R. Quinn Jr., said in a statement.
7% accretive to Orrstown's 2019 earnings per share. Hovde Group and Goodwin Procter advised Orrstown. Would suggest patriot if your looking for... " more. "It's difficult because the bank has been around since 1909, so we didn't take that lightly, but in the world we live in today, with regulations and rising costs, it's getting difficult for small community banks, " Fignar said and added, "It's the ending of an era, but we will be able to continue the tradition of community banking, and I think that's important.
61Total employees (full-time equivalent). Equity capital: $16. 4, 200Federal funds sold & reverse repurchase agreements. 0Perpetual preferred stock. FDIC Field Office: Harrisburg. The deal has been in the works for roughly six months. Under terms of the agreement, Mercersburg shareholders may elect to receive either 1. South Carolina, 29072. The transaction is expected to close in the fourth quarter of 2018, with Robert J. Fignar, president and CEO of Mercersburg Financial Corp., joining Orrstown Financial Services as market president for three counties, the release said. Maryland (US), 17 Dec 2014.
1, 648, 658, 012 deposit and loan rates is updated daily with the most current rates for nearly every bank and credit union in America, including those right in your backyard. 6 million in the first quarter of 2018, up from $2 million in the first quarter of 2017. 00%% insured (estimated). This number identifies the financial institution upon which a payment is drawn. ACH routing number is a nine digit number. 6 billion-asset Orrstown said in a press release Thursday that it will pay $32.
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