Orrstown Financial Services, Inc. has announced the promotion of Adam L. Metz to Senior Executive Vice President and Chief Operating Officer of the company and its subsidiary bank, Orrstown Bank. This promotion is effective immediately, and Metz is intended to succeed Thomas R. Quinn, Jr. as President and Chief Executive Officer of the company and the bank upon Quinn's retirement on May 25, 2026.
Metz has a track record with the company, having served as Executive Vice President and Chief Revenue Officer since February 2019, and previously as Executive Vice President and Chief Lending Officer from September 2016 to February 2019. Before joining Orrstown, he served as Senior Vice President and Chief Lending Officer of Metro Bank from 2011 to 2016.
Orrstown Financial Services, Inc. and its subsidiary, Orrstown Bank, have $5.4 billion in assets and provide a wide range of consumer and business financial services in various counties in Pennsylvania, Maryland, and adjacent areas. Orrstown Bank is an equal housing lender, and its deposits are insured up to the legal maximum by the FDIC. The company's common stock is traded on NASDAQ under the symbol "ORRF."
The press release does not include financial metrics. Following these announcements, the company's shares moved 0.5%, and are now trading at a price of $33.82. Check out the company's full 8-K submission here.
