Orrstown Financial Services, the parent of Orrstown Bank, has wrapped up the acquisition of Lancaster, Pennsylvania-based Wheatland Advisors, for an undisclosed sum.
Wheatland will become a subsidiary of Orrstown as part of the deal, and continue with its name and location at 144 East Chestnut Street in Lancaster.
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Wheatland’s ex-owner Richard Heilig will continue to remain affiliated with the firm.
Orrstown said that the deal continues its push into Lancaster County, where it already has services office at 1800 Fruitville Pike and branch at 2098 Spring Valley Road.
The firm also started work on a new Manheim Pike branch at 566 Lausch Lane, and plans to set up another branch in New Holland in August 2017.
Orrstown Bank president and CEO Thomas Quinn, Jr. said: “Philip Fague, EVP/Orrstown Financial Advisors, has successfully managed our trust and wealth management group for many years and the team has repeatedly been nationally recognized for their results and the quality of their service.
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By GlobalData“With the addition of Wheatland, combined assets under management will be more than $1.2 billion and we look forward to future growth in the region.”
