In a significant move within the financial services sector, Orrstown Financial Services (NASDAQ: ORRF) has completed an all-stock merger of equals with Codorus Valley Bancorp, valuing the transaction at approximately $207 million. This merger expands Orrstown’s footprint to 51 branches across Central and Eastern Pennsylvania as well as the Greater Baltimore area, boosting its assets to around $5.2 billion and its market capitalization to approximately $460 million. Legal advisory was provided by Goodwin, with a dedicated team led by Samantha Kirby, Bill Stern, Bill McCurdy, Eva Xu, Maddie Fuller, and others covering a range of specialties including tax, ERISA and executive compensation, and employment.

Financial Services, Legal Advisory,United States, Pennsylvania, Maryland

https://www.goodwinlaw.com/en/news-and-events/news/2024/07/announcements-finance-fs-orrstown-financial-services-completes-acquisition