Jeff Cardone presented at The Bonadio Group and M&T Bank 2018 Financial Institutions Seminar

November 15, 2018

On Thursday, November 8, 2018, Jeff Cardone gave a presentation on “The Financial Regulatory Environment and Other Hot Topics Impacting Community Banks” at The Bonadio Group and M&T Bank 2018 Financial Institutions Seminar in Syracuse, NY. The presentation focused on the current trends in community banking, including discussions about the Economic Growth, Regulatory Relief and Consumer Protection Act (S.2155), mergers and acquisitions and the pros and cons of a holding company.

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Jeff Cardone presented at the Western Bankers Association Annual Directors Conference

November 15, 2018

On Friday, November 9, 2018, Jeff Cardone gave a presentation on “Recent Developments in Executive and Director Compensation” at the Western Bankers Association Annual Directors Conference in Salt Lake City, Utah. The presentation focused on the importance of compensation planning in connection with a merger, trends in incentive compensation pay, new changes to IRC 162(m) and recent case law impacting director compensation.

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Luse Gorman Serves as Legal Counsel to Hamilton Bancorp, Inc. in its Proposed Merger with Orrstown Financial Services, Inc.

October 30, 2018

On October 23, 2018, Hamilton Bancorp, Inc. (“Hamilton”), Towson, Maryland, the holding company for Hamilton Bank, and Orrstown Financial Services, Inc. (“Orrstown”), Shippensburg, Pennsylvania, the holding company for Orrstown Bank, announced a definitive merger agreement pursuant to which Hamilton will merge with and into Orrstown, with Orrstown as the resulting company. Hamilton stockholders will receive for each share of Hamilton common stock (1) $4.10 in cash, subject to adjustment as set forth in the Merger Agreement, and (2) 0.54 shares of Orrstown common stock.

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