Orrstown to redeem $31 million subordinated notes on June 30; vendor cyber incident disclosed
Orrstown Financial Services will redeem its $31 million 4.5% Fixed-to-Floating Rate Subordinated Notes due 2030 on June 30, 2026, at 100% of principal plus accrued interest. The company also disclosed that a third-party vendor suffered a cybersecurity incident exposing sensitive personal information of some Orrstown customers, but says its own systems were not affected and it does not expect a material impact.
Key points
- Notes redeemed June 30, 2026 at 100% of principal plus accrued and unpaid interest
- Notes were assumed in the July 1, 2024 merger with Codorus Valley Bancorp; interest rate was 7.72% at March 31, 2026
- Vendor notified the company on May 21, 2026 of unauthorized access to certain customers' sensitive personal information
- Company says its systems were not accessed, customers will be notified and offered credit monitoring, and no material impact is expected
The filing
Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.