Orrstown announced it will redeem $31.0 million of 4.5% fixed-to-floating subordinated notes due 2030 and disclosed a vendor cybersecurity incident affecting some customers.
Key Highlights:
- Redeeming $31,000,000 of 4.5% fixed-to-floating subordinated notes on June 30, 2026 at 100% of principal plus accrued interest.
- Notes were assumed in the July 1, 2024 merger with Codorus Valley Bancorp; interest rate was 7.72% at March 31, 2026.
- Vendor cybersecurity incident led to unauthorized access to sensitive customer data at the vendor; Orrstown systems not impacted per investigation.
- Impacted customers will be notified and offered credit monitoring; company does not expect a material impact on operations or financial condition.
Original SEC Filing: ORRSTOWN FINANCIAL SERVICES INC [ ORRF ] – 8-K – May. 29, 2026
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