It is no longer new that Orrstown Bank is taking over today’s dynamic environment in the financial arena, dominated by big national institutions and a long standig nature? We will discover in this guide.
Success when it comes to Orrstown banks isn’t complete as to community banks provide some special personal attention, an understanding of local markets, and the ability to build long-term relationships.
As one of these institutions, Orrstown Bank is a shining example of stability and dedication to its communities, serving them for over 100 years.
In this blog, we’ll highlight the deep roots, values, services, and impact of Orrstown Bank and why they have continued to be a relevant and reliable financial partner of individuals and businesses throughout Pennsylvania and Maryland.
Orrstown Bank: A Foundation Deeply Tied to the Community
Orrstown Bank started out in 1919 in Orrstown, a tiny rural Pennsylvania community. Established by a group of business leaders and farmers it was a bank created with a purpose, to service the financial needs of the local community and further its growth.
During the economic interrelationship between agriculture as well as the lack of confidence after World War I, they served as a dependable and consistent source of credit and banking needs for the people of the local area.
The bank was a one-branch bank for over six decades, a small institution deeply rooted in the community where it was born.
It was a time when banking was literally personal, in which a banker knew his customers by name and financial decisions were made on the basis of a set of local information and relationships. This dedication to personalized service and local focus built a solid base for the bank’s future expansion.
Strategic Growth and Diversification
The 1980s were years of transition for Orrstown Bank and represented a period of strategic growth. Sensing the opportunity to expand its customer base without compromising its standards, the bank began to open new branches in nearby towns.
This growth was controlled so that every new outlet in the network kept with the community-oriented focus that the bank had established since it was founded. As Orrstown Bank expanded its brick-and-mortar footprint, it also broadened its menu of financial offerings.
While holding steadfast to ways of traditional banking, like offering checking and savings accounts, mortgages and personal loans, the bank also broadened its offerings to include more sophisticated services for businesses and individuals.
This ranged from commercial lending, to wealth management and investment services to meet the needs of a growing customer base.
Essential Beliefs: The Principles of Orrstown Bank
At their core, Orrstown Bank’s unwavering dedication to a belief system that influences the manner in which they conduct business and interact with clients and the community has ensured that they remain successful and also maintain a strong reputation.
Community Focus: At the core of who we are, Orrstown Bank is a community bank that maintains a strong focus on the health a prosperity of the communities we serve.
You can see this with its involvement in local projects, sponsorship of community groups, and their pride in the financial well-being of their customers.
When it comes to Relationship Banking, Orrstown Bank is committed to relationship banking, meaning we want to make sure we build a quality relationship by understanding our clients needs and then working to help satisfy those needs.
Community bankers are personally invested in their customers so they take time to understand individual financial needs and provide customized products and services along with local personal service and advice.
Orrstown Bank is committed to operating on the highest ethical principles. Customers know they can trust the bank to be open, honest and always act in their best interest. This commitment to honesty and integrity makes the bank a trustworthy partner in finance.
This instituion still has served communities for over 100 years, proving its stability and skill to endure economic cycles. The fact that it has been well-managed financially and has a long-term horizon gives customers confidence and assurance.
As a locally based community bank, Orrstown Bank has an intimate knowledge of the markets we serve. This local knowledge enables its bankers to develop relevant and informed solutions that meet the needs of the region.
Types of Service Provided by Orrstown Bank
Orrstown Bank’s diverse flood of financial products and services tailored specifically to individuals, businesses, and families include:
1. Personal Banking
- Checking Accounts: We offer a selection of checking accounts to serve various transaction requirements, including interest-bearing features and mobile banking option.
- Savings Accounts: Whether it’s a simple Statement Savings Account, our convenient Money Market Account or a short- or long-term CD, we have ways for you to save.
- Home Loans: Helping people with the dream of home ownership, Orrstown Bank provides a variety of loan options at competitive rates with local decision-making.
- Home Equity Loans and Lines of Credit: Offered against the equity in homes for everything from home improvements to educational expenses.
- Personal Loans: Providing customer installment loans for purchasing vehicles and debt consolidation.
A select few credit cards - and Chases’s many rewards programs. When it comes to online and mobile banking, delivery is surely convenient access to a variety of services including account information, bill payment, and mobile deposit.
Banking Services at Orrston Bank
The start can be retirement planning as it suits with providing advice and services that help people accumulate savings toward their retirement needs. There is also:
1. Business Checking and Savings Accounts
Customized accounts to fit the unique requirements of businesses including low fees and a range of transaction options.
2. Commercial Loans
Helping businesses obtain capital for needs such as growth, equipment and working capital.
3. Small Business Loans
Providing special loan programs designed to promote the growth and success of small business throughout our community.
4. Treasury Management Services
Assisting businesses with the management of there working capital and their financial affairs.
5. Business Cards
For managing business’ cash flow and earning rewards on business spending.
6. Merchant Services
Provides payment processing services to allow businesses to accept all types of payment. There is room for business online and mobile banking that ensures secure and convenient businesses banking with all the online tools they need.
Orrstown Bank Wealth Management
This aims at poviding customized investment advice and products, which assist individuals and families to meet their financial goals. Costumes are also offered the option to:
1. Retirement Planning
Help clients develop an effective retirement plan based on their unique situation.
2. Estate Planning
Aiding clients in coming up with plans to best transfer assets and avoid unnecessarily losing wealth.
3. Trust Services
Providing trust and fiduciary services to help clients manage assets according to their preferences.
4. Bobbins and Boat Sails
Moving not Grooving on the Cutting Edge. Even the most conservative of community banks must change with the times in our rapidly developing world of technology.
How Vast is Orrston Bank with Technology?
Orrstown Bank has successfully adopted technology through investments in digital banking platforms, mobile banking applications and online access to deliver fast and easy banking to its customers, 24/7.
Yet this technological embrace has not been at the expense of the personal touch that is Orrstown Bank. The bank recognizes that, while digital tools are convenient, a lot of people enjoy the experience of working with knowledgeable and nice bankers in person.
Because of this, Orrstown Bank remains highly physical with branches and friendly local staff committed to meeting customers’ needs.
Here’s a Look at What Orrstown Bank Is Doing for the Community
Orrstown Bank does so much more than just banking. As a real community bank, it is an active participant in helping the economic and social well being of the communities the bank serves. This is demonstrated through:
1. Local Ending
Directing funds locally in ways that endeavor to build the local economy; provide jobs and build businesses.
2. Community Commitment
Engaging in local activities, volunteering and fostering non for profit organizations contributing to a better communities.
3. Economic Literacy
Offering educational tools and workshops to help individuals and families make wise economic choices.
4. Volunteerism
Promoting the volunteering of employee time and talents to local causes.
5. Local Decisions
Giving local branch managers and lenders the authority to make decisions that are in the best interest of their customers and the community.
In the end, Orrstown Bank is more than just a bank; it is community banking. The bank has a century old record of strong roots, staunch service promises and a true will to build comity of the people and ensures their financial and personal growth.
As the financial services business evolves, Orrstown Bank’s unwavering commitment to its core principals ensures it will remain a cornerstone of the communities it serves.
Last Words
Building on its rich history, Orrstown Bank continues its long tradition of community banking with a primary focus on proactive relationship banking, both personal and business, integrity, stability and on the knowledge of local financial markets.
As the financial industry transforms, Orrstown Bank’s strong local roots and it narrability will be the beacon for its growth and success.
This technological innovation, coupled with a commitment to personalized service, puts the bank in a great position to serve its customers as their needs change.
By in adhering to it’s ideals of meeting the financial needs of its communities, Orrstown Bank is positioned to continue to be a trusted and valued financial partner well into the future.
