UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
April 2, 2015
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| ORRSTOWN FINANCIAL SERVICES, INC. |
| (Exact name of registrant as specified in its charter) |
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| Pennsylvania | 001-34292 | 23-2530374 |
(State or other jurisdiction of incorporation) | (SEC File Number) | (IRS Employer Identification No.) |
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| 77 East King Street, P.O. Box 250, Shippensburg, Pennsylvania | 17,257 |
| (Address of principal executive offices) | (Zip Code) |
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| | Registrant’s telephone number, including area code: | (717) 532-6114 | |
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| Not Applicable |
| (Former name or former address, if changed since last report) |
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| Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): |
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| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). |
ORRSTOWN FINANCIAL SERVICES, INC.
INFORMATION TO BE INCLUDED IN THE REPORT
Section 1 – Registrant’s Business and Operations
Item 1.02 Termination of a Material Definitive Agreement.
Orrstown Financial Services, Inc. (the “Company”), the parent Company of Orrstown Bank (the “Bank”), announced that on April 2, 2015, the Company and Bank had been released from the Written Agreement (the "Agreement") with the Federal Reserve Bank of Philadelphia (the "Reserve Bank") that was entered into on March 22, 2012, thereby terminating all enforcement actions imposed on the Company and Bank by the Reserve Bank. The material terms and conditions of the Agreement were previously disclosed in the Company’s Current Report on Form 8-K filed on March 22, 2012, which information is incorporated herein by reference.
Section 8 - Other Events
Item 8.01 Other Events.
On April 2, 2015, the Company issued a press release announcing that the Bank was released from the Agreement on April 2, 2015. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
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| | (d) Exhibits. | | | |
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| | Exhibit Number | | Description | |
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| | 99.1 | | Press release, dated April 2, 2015. | |
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| SIGNATURES |
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| Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized. |
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| | | ORRSTOWN FINANCIAL SERVICES, INC. |
| Date: April 2, 2015 | | By: | /s/ Thomas R. Quinn, Jr. |
| | | | Thomas R. Quinn, Jr. President and Chief Executive Officer (Duly Authorized Representative) |
