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Orrstown Financial Services, parent company of Orrstown Bank, and Codorus Valley Bancorp, parent company of PeoplesBank, have entered an agreement for Codorus Valley to merge into Orrstown.
The merger will create a community bank with approximately $5.2 billion in assets.
Stephen A. Rhoades, "Bank Mergers and Industrywide Structure, 1980–1994," Washington: Board of Governors of the Federal Reanuary 1996. (Staff study 169) Steven J. Pilloff, "Bank Merger Activity in the United States, 1994–2003," Washington: Board of Governors of the Federal Reserve System, May 2004. (Staff study 176)
Early 20th century ad for Peoples Savings Bank. PeoplesBank is a branch bank incorporated on March 19, 1885 as Peoples Savings Bank.Its first president was William Skinner of William Skinner and Sons Silk, who would serve as the bank's president from its founding until 1901, a year before his passing.
If you want to know who really controls Orrstown Financial Services, Inc. ( NASDAQ:ORRF ), then you'll have to look at...
Peoples Group operates as a trust company and also maintains a chartered bank subsidiary, Peoples Bank of Canada. It is a subsidiary of the Alberta-based holding company Triple Five Group and maintains offices in Vancouver, Montreal, Calgary, and Toronto.