First Community Bank of Mercersburg

First Community Bank of Mercersburg was established on January 1, 1909, originally operating under the name The First National Bank of Mercersburg. Over the decades, the institution underwent various changes, including a shift in its charter and regulatory status. On December 15, 2014, the bank changed its institutional name to First Community Bank of Mercersburg and transitioned to a state-chartered bank, withdrawing from membership in the Federal Reserve System and designating the Federal Deposit Insurance Corporation (FDIC) as its primary federal regulatory agency. This marked a significant reorganization for the institution. Ultimately, on October 1, 2018, First Community Bank of Mercersburg merged with Orrstown Bank, located in Shippensburg, Pennsylvania, becoming a part of a larger banking entity.

Below is a list of some important events in banks history, including mergers and acquisitions.

1909-01-01Institution established. Original name: The First National Bank of Mercersburg.

2014-12-15Institution withdraws from membership in the Federal Reserve System.

2014-12-15Changed Chartering Agency to State.

2014-12-15Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2014-12-15Changed Primary Federal Regulatory Agency to FDIC.

2014-12-15Changed Institution Name to First Community Bank of Mercersburg.

2018-10-01Merged and became part of Orrstown Bank in Shippensburg, PA.