The Financial Services team advised Orrstown Financial Services (NASDAQ: ORRF) on the completion of its acquisition of Codorus Valley Bancorp in an all-stock “merger of equals” transaction valued at approximately $207 million. The merger will result in 51 Orrstown branches serving markets in Central and Eastern Pennsylvania, as well as the Greater Baltimore area, with approximately $5.2 billion in assets and a market capitalization of approximately $460 million.
Orrstown provides a wide range of consumer and business financial services in Adams, Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York Counties, Pennsylvania and Anne Arundel, Baltimore, Howard, and Washington Counties, Maryland, as well as Baltimore City, Maryland. The company’s lending area also includes adjacent counties in Pennsylvania and Maryland, as well as Loudon County, Virginia and Berkeley, Jefferson and Morgan Counties, West Virginia.
The Goodwin team was led by Samantha Kirby, Bill Stern, Bill McCurdy, Eva Xu, and Maddie Fuller and included Bob Kester, Gregg Coughlin, and Tyler Mayo (Tax); Sarah Bock, Morgan Frisoli, Adrean Williams, and Rahat Tariq (ERISA and Executive Compensation); and Rob Hale (Employment).
For additional details, please read the press release.