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With the merger, there will be 51 branches in Pennsylvania and Maryland. Orrstown Bank now has offices in Franklin, Berks, Cumberland, Dauphin, Lancaster, Perry and York counties in Pennsylvania ...
The merger will create a community bank with approximately $5.2 billion in assets.
The branches were once part of the former Marine Midland Bank. [1] [6] In May 2017, Northwest Bank exited the Maryland market, selling all three remaining branch locations to locally-based Shore United Bank. [7] In 2017, the bank’s assets were valued at $9.5 billion and the bank was ranked number 134th among all banks nationally. [2]
Orrstown is located in northeastern Franklin County at the intersection of Pennsylvania Routes 433 (Rowe Run Road) and 533 (Orrstown Road). PA 433 leads northwestward 5 miles (8 km) to Roxbury and south 5 miles to the Letterkenny Army Depot. Chambersburg, the county seat, is 11 miles (18 km) to the south via PA 433 and U.S. Route 11
On March 19, 2023, NYCB acquired $38.4 billion in assets from the liquidated Signature Bank in a $2.7 billion deal, with 40 Signature branches being converted to Flagstar locations. [ 28 ] On February 6, 2024, the bond credit rating provider Moody's Investors Service downgraded NYCB's credit rating to junk status, attributed to its exposure in ...
Banks still have a long way to go to make up for all the locations they shuttered. The number of US branches was 69,684 at the end of 2023, down from 82,461 in 2012.