Federal Reserve Board issues enforcement action Orrstown Financial Services, Inc, and Orrstown Bank, and terminates enforcement action with Cadence Financial Corporation

The following press release was published by the Board of Governors of the Federal Reserve System on March 27, 2012. It is reproduced in full below.

The Federal Reserve Board on Tuesday announced the execution of the following enforcement action: Orrstown Financial Services, Inc, and Orrstown Bank (PDF), both of Shippensburg, Pennsylvania Written Agreement dated March 22, 2012 The Federal Reserve Board also announced the termination of the enforcement action listed below: Cadence Financial Corporation, Starkville, Mississippi Written Agreement dated Nov. 17, 2010 Terminated March 20, 2012 Search of Federal Reserve enforcement actions.

Source: Board of Governors of the Federal Reserve System