UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: 06/30/2009
Check here if Amendment [_]; Amendment Number:
------------
This Amendment (Check only one.); [_] is a restatement,
[_] adds new holdings entries.
Institutional Investment Manager Filing this Report: Ort & Co. (Nominee Name)
Name: Orrstown Financial Services, Inc.
Address: P.O. Box 250
77 E. King Street
Shippensburg, PA 17257
Form 13F File Number: 28-13107
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Christopher J. Jackson
Title: Vice President & Portfolio Manager
Phone: 717-530-2655
Signature, Place, and Date of Signing:
/s/ Christopher J. Jackson Shippensburg, PA 08/12/2009
-------------------------- ---------------- ----------
Signature [City, State] [Date]
Report Type (Check only one.):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager
are reported in this report.)
[_] 13F NOTICE. (Check here if no holdings reported are in this report, and
all holdings are reported by other reporting manager(s).)
[_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
reporting manager are reported in this report and a portion are reported by
other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
NONE
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
Form 13F Information Table Entry Total: 407
Form 13F Information Table Value Total: 85320
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
NONE
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 1
Below is a list of the equity securities that you have flagged on your Charlotte
files as "13 F Securities" with a "13 F Investment Discretion" of SOLE or
SHARED. Securities are listed by Security Type and in CUSIP number order within
each Security Type. Security positions with an Investment Discretion of NONE,
and Security Types 01-06, 12, 15, 16, 18-22, 25-27 and 34-37 are not included in
this report.
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
AGWAY INC AG1987993 0 1 SH SOLE 1 0 0
CV CO-OP ASSOCIATION CVC675997 0 18 SH SOLE 18 0 0
ENERGY XXI (BERMUDA) LTD COM SHS G10082108 1 1500 SH SOLE 1500 0 0
ACCENTURE LTD BERMUDA CL A G1150G111 12 360 SH SOLE 360 0 0
CHINA YUCHAI INTERNATIONAL LTD G21082105 3 400 SH SOLE 400 0 0
COVIDIEN PLC SHS G2554F105 19 497 SH SOLE 497 0 0
ASA LIMITED COM G3156P103 4 63 SH SOLE 63 0 0
GARMIN LTD ORD G37260109 77 3250 SH SOLE 3250 0 0
INGERSOLL-RAND COMPANY LTD CL A G4776G101 42 2000 SH SOLE 2000 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 45 3900 SH SOLE 3900 0 0
WEATHERFORD INTERNATIONAL LT REG H27013103 9 451 SH SOLE 451 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 764 25250 SH SOLE 25250 0 0
TRANSOCEAN LTD ZUG NAMEN AKT H8817H100 631 8495 SH SOLE 8495 0 0
TYCO ELECTRONICS LTD SWITZER SHS H8912P106 19 997 SH SOLE 997 0 0
TYCO INTERNATIONAL LTD SHS H89128104 13 497 SH SOLE 497 0 0
DHT MARITIME INC COM Y2065G105 4 700 SH DEFINED 700 0 0
DRYSHIPS INC Y2109Q101 3 500 SH SOLE 500 0 0
GENERAL MARITIME CORP NEW SHS Y2693R101 3 268 SH DEFINED 268 0 0
ACNB CORP COM 000868109 32 2789 SH SOLE 2789 0 0
AFLAC INC COM 001055102 5 150 SH SOLE 150 0 0
AT&T INC COM 00206R102 731 29440 SH SOLE 29440 0 0
AT&T INC COM 00206R102 70 2800 SH DEFINED 2800 0 0
ABBOTT LABS COM 002824100 958 20356 SH SOLE 20356 0 0
ACTIVISION BLIZZARD INC COM 00507V109 78 6200 SH SOLE 6200 0 0
ADAMS EXPRESS CO COM 006212104 47 5576 SH SOLE 5576 0 0
ADOBE SYS INC COM 00724F101 10 361 SH SOLE 361 0 0
AETNA INC NEW COM 00817Y108 17 680 SH SOLE 680 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 0 92 SH SOLE 92 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 56 1600 SH SOLE 1600 0 0
ALLERGAN INC COM 018490102 9 188 SH SOLE 188 0 0
ALLIED IRISH BKS P L C SPON ADR ORD 019228402 1729 363940 SH SOLE 363940 0 0
ALLSTATE CORP COM 020002101 42 1708 SH SOLE 1708 0 0
ALTERA CORP COM 021441100 7 437 SH SOLE 437 0 0
ALTRIA GROUP INC COM 02209S103 209 12744 SH SOLE 12744 0 0
AMERICAN CAP LTD COM 02503Y103 3 1000 SH SOLE 1000 0 0
AMERICAN ELECTRIC CO 025537101 42 1470 SH SOLE 1470 0 0
AMERICAN INTL GROUP INC COM 026874107 0 200 SH SOLE 200 0 0
AMERICAN TOWER CORP CL A 029912201 9 295 SH SOLE 295 0 0
AMERICAN VANGUARD CORP COM 030371108 1312 116100 SH SOLE 115900 200 0
AMERICAN VANGUARD CORP COM 030371108 7 600 SH DEFINED 600 0 0
AMGEN INC COM 031162100 14 269 SH SOLE 269 0 0
AMPHENOL CORP NEW CL A 032095101 10 319 SH SOLE 319 0 0
ANALOG DEVICES INC COM 032654105 6 250 SH SOLE 250 0 0
APACHE CORP COM 037411105 732 10151 SH SOLE 10151 0 0
APACHE CORP COM 037411105 7 100 SH DEFINED 100 0 0
APPLE INC COM 037833100 141 992 SH SOLE 992 0 0
APPLIED DEVELOPMENT HLDGS LT ADR 038173100 1 2000 SH SOLE 2000 0 0
-------- -------- -------- ----- ----
TOTAL FOR PAGE 1 7933 631954 631754 200 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 2
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
ATMOS ENERGY CORP COM 049560105 132 5275 SH SOLE 5275 0 0
AUTODESK INC 052769106 8 445 SH SOLE 445 0 0
AVANIR PHARMACEUTICALS CL A NEW 05348P401 0 75 SH SOLE 75 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 0 530 SH SOLE 530 0 0
BAC CAP 7% 8/15/32 05518E202 15 800 SH SOLE 800 0 0
BK AM 7% 2/1/32 055188205 34 1800 SH SOLE 1800 0 0
BP AMOCO P L C SPONSORED ADR 055622104 1672 35064 SH SOLE 35064 0 0
BP AMOCO P L C SPONSORED ADR 055622104 5 100 SH DEFINED 100 0 0
BP PRUDHOE BAY RTY TR UNIT BEN INT 055630107 7 100 SH SOLE 100 0 0
BRE PPTYS INC 05564E106 9 398 SH SOLE 398 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 9 711 SH SOLE 711 0 0
BANK OF AMERICA CORP 060505104 74 5628 SH SOLE 5628 0 0
BANK OF AMERICA CORP 060505104 5 400 SH DEFINED 400 0 0
BANK NEW YORK MELLON CORP 064058100 112 3816 SH SOLE 3816 0 0
BAXTER INTL INC COM 071813109 16 304 SH SOLE 304 0 0
BEISTLE COMPANY 072001993 1898 3956 SH SOLE 3956 0 0
BED BATH & BEYOND 075896100 3 100 SH SOLE 100 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 6 2 SH SOLE 2 0 0
BIOGEN IDEC INC COM 09062X103 7 165 SH SOLE 165 0 0
BIOSHAFT WTR TECHNOLOGY INC COM 09070W105 2 5000 SH SOLE 5000 0 0
BODYTEL SCIENTIFIC INCORPORA 097000103 2 2000 SH SOLE 2000 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 48 2386 SH SOLE 2386 0 0
BUFFALO WILD WINGS INC COM 119848109 23 700 SH SOLE 700 0 0
BURLINGTON NORTHN SANTA FE C COM 12189T104 7 100 SH SOLE 100 0 0
CCFNB BANCORP INC COM 124880105 24 1103 SH SOLE 1103 0 0
CABOT OIL & GAS CORPORATION 127097103 6 200 SH SOLE 200 0 0
CAMPBELL SOUP 134429109 10 341 SH SOLE 341 0 0
CARLISLE COS INC COM 142339100 41 1700 SH SOLE 1700 0 0
CARNIVAL CORP 143658300 9 330 SH SOLE 330 0 0
CATERPILLAR INC DEL COM 149123101 873 26414 SH SOLE 26314 100 0
CELGENE CORP COM 151020104 14 300 SH SOLE 300 0 0
CHATTEM INC COM 162456107 402 5900 SH SOLE 5900 0 0
CHESAPEAKE ENERGY CORP COM 165167107 18 900 SH SOLE 900 0 0
CHEVRON CORP NEW COM 166764100 104 1570 SH SOLE 1570 0 0
CHICO'S FAS INC 168615102 1 140 SH SOLE 140 0 0
CHUBB CORP COM 171232101 23 588 SH SOLE 588 0 0
CHURCH & DWIGHT INC COM 171340102 5 100 SH SOLE 100 0 0
CIMAREX ENERGY CO COM 171798101 3 106 SH SOLE 106 0 0
CISCO SYS INC COM 17275R102 122 6547 SH SOLE 6547 0 0
CITIZENS & NORTHN CORP COM 172922106 24 1184 SH SOLE 1184 0 0
CITIGROUP INC COM 172967101 21 7100 SH SOLE 7100 0 0
CITIGROUP CAPITAL VII TRUPS 7.125% 17306N203 16 1000 SH SOLE 1000 0 0
CITIGROUP CAP IX PFD TR 6.00% 173066200 111 8200 SH SOLE 8200 0 0
CITIZENS FINL SVCS INC COM 174615104 9 401 SH SOLE 401 0 0
COACH INC COM 189754104 5 200 SH SOLE 200 0 0
COCA COLA CO COM 191216100 451 9399 SH SOLE 9399 0 0
CODORUS VY BANCORP INC COM 192025104 3 500 SH SOLE 500 0 0
COGNIZANT TECHNOLOGY SOLUTIO CL A 192446102 9 340 SH SOLE 340 0 0
COLGATE PALMOLIVE CO COM 194162103 2038 28814 SH SOLE 28714 100 0
COLGATE PALMOLIVE CO COM 194162103 7 100 SH DEFINED 100 0 0
COMCAST CORP NEW CL A 20030N101 19 1300 SH DEFINED 1300 0 0
------- -------- ------- ------ -----
TOTAL FOR PAGE 2 8462 174632 174432 200 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 3
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
CONAGRA INC COM 205887102 8 400 SH SOLE 400 0 0
CONOCOPHILLIPS COM 20825C104 65 1550 SH SOLE 1550 0 0
CONSOLIDATED EDISON INC COM 209115104 39 1037 SH SOLE 1037 0 0
CORNING INC COM 219350105 490 30500 SH SOLE 30500 0 0
CORPORATE BACKED TR CTFS 04-7 A1 6.3%34 21988K834 18 1000 SH SOLE 1000 0 0
CORPORATE BACKED TR CTFS 04-4 CL A-1 6% 21988K875 17 1000 SH SOLE 1000 0 0
CORTS TR GEN ELEC CAP CORP N CORTS A 6% 32 22082X201 6 275 SH SOLE 275 0 0
COSTCO WHOLESALE CORP 22160K105 531 11600 SH SOLE 11600 0 0
COUNTRYWIDE CAP IV PFD TR 6.75% 22238E206 5 300 SH SOLE 300 0 0
CROCS INC 227046109 1 300 SH SOLE 300 0 0
CULLEN FROST BANKERS INC COM 229899109 9 186 SH SOLE 186 0 0
DNP SELECT INCOME FD COM 23325P104 53 6621 SH SOLE 6621 0 0
DTE ENERGY CO COM 233331107 16 500 SH SOLE 500 0 0
DANAHER CORP DEL COM 235851102 37 600 SH SOLE 600 0 0
DARDEN RESTAURANTS INC COM 237194105 60 1818 SH SOLE 1818 0 0
DELL INC COM 24702R101 38 2800 SH SOLE 2800 0 0
DELPHI AUTOMOTIVE SYS CORP COM 247126105 0 279 SH SOLE 279 0 0
DENTSPLY INTL INC NEW COM 249030107 3 100 SH SOLE 100 0 0
DEVON ENERGY CORP NEW COM 25179M103 6 118 SH SOLE 118 0 0
DIAMONDS TRUST DOW JONES IND ETF 252787106 3316 39175 SH SOLE 39175 0 0
DICKS SPORTING GOODS INC COM 253393102 547 31800 SH SOLE 31700 100 0
DIRECTV GROUP INC COM 25459L106 7 287 SH SOLE 287 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 1096 47019 SH SOLE 47019 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 9 400 SH DEFINED 400 0 0
DISCOVER FINANCIAL SERVICES 254709108 3 300 SH SOLE 300 0 0
DOLLAR TREE INC COM 256746108 10 233 SH SOLE 233 0 0
DOMINION RES INC VA NEW COM 25746U109 79 2373 SH SOLE 2373 0 0
DOW CHEM CO COM 260543103 468 29030 SH SOLE 28930 100 0
DOW CHEM CO COM 260543103 3 200 SH DEFINED 200 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 53 2067 SH SOLE 2067 0 0
DUKE ENERGY CORP NEW COM 26441C105 748 51275 SH SOLE 51275 0 0
DUKE ENERGY CORP NEW COM 26441C105 9 600 SH DEFINED 600 0 0
EMC CORPORATION 268648102 264 20190 SH SOLE 20190 0 0
ENB FINANCIAL CORP PA COM PAR $1 26874L101 12 500 SH SOLE 500 0 0
EOG RES INC COM 26875P101 7 100 SH SOLE 100 0 0
EASTMAN KODAK CO COM 277461109 0 160 SH SOLE 160 0 0
EATON CORP COM 278058102 691 15500 SH SOLE 15500 0 0
E-BAY INC 278642103 3 200 SH SOLE 200 0 0
ECOLAB INC 278865100 4 99 SH SOLE 99 0 0
ELMIRA SVGS BK FSB N Y COM 289660102 2 106 SH SOLE 106 0 0
EMCLAIRE FINL CORP COM 290828102 18 1000 SH SOLE 1000 0 0
EMERSON ELEC CO COM 291011104 199 6156 SH SOLE 6156 0 0
ENCANA CORP COM 292505104 1172 23700 SH SOLE 23600 100 0
ENDOVASC INC 29267B201 0 300 SH SOLE 300 0 0
ENTERGY CORP NEW COM 29364G103 430 5550 SH SOLE 5550 0 0
EQUINIX INC COM NEW 29444U502 5 62 SH SOLE 62 0 0
EXELON CORP COM 30161N101 159 3102 SH SOLE 3102 0 0
EXPEDITORS INTL WASH INC COM 302130109 9 284 SH SOLE 284 0 0
EXPRESS SCRIPTS INC COM 302182100 12 179 SH SOLE 179 0 0
EXXON MOBIL CORP COM 30231G102 992 14189 SH SOLE 14189 0 0
EXXON MOBIL CORP COM 30231G102 7 100 SH DEFINED 100 0 0
-------- -------- ------- ------ ----
TOTAL FOR PAGE 3 11736 357220 356920 300 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 4
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
FNB CORP PA COM 302520101 2 388 SH SOLE 388 0 0
FPL GROUP INC COM 302571104 51 890 SH SOLE 890 0 0
FACTSET RESEARCH SYSTM 303075105 14 276 SH SOLE 276 0 0
FAMILY DLR STORES INC COM 307000109 5 160 SH SOLE 160 0 0
FARMERS & MERCHANTS 30810N106 23 1000 SH SOLE 1000 0 0
FASTENAL CO COM 311900104 7 208 SH SOLE 208 0 0
FEDEX CORP COM 31428X106 4 65 SH SOLE 65 0 0
FIFTH THIRD BANCORP 316773100 4 500 SH SOLE 500 0 0
FINISH LINE INC CL A 317923100 0 1 SH SOLE 1 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 501 78982 SH SOLE 78982 0 0
FIRSTPLUS FINL GROUP INC COM 33763B103 0 115 SH SOLE 115 0 0
FIRSTENERGY CORP COM 337932107 23 603 SH SOLE 603 0 0
FLOWSERVE CORP COM 34354P105 188 2700 SH SOLE 2600 100 0
FONAR CORP 344437405 0 80 SH SOLE 80 0 0
FORD MOTOR COMPANY COM NEW 345370860 8 1300 SH SOLE 1300 0 0
FRANKLIN FINL SVCS CORP COM 353525108 885 52072 SH SOLE 52072 0 0
FREEPORT-MCMORAN COPPER & GO COM 35671D857 7 141 SH SOLE 141 0 0
FRESENIUS MED CARE 358029106 9 209 SH SOLE 209 0 0
FULTON FINL CORP PA COM 360271100 11 2034 SH SOLE 2034 0 0
GABELLI GLOBAL MULTIMEDIA TR COM 36239Q109 0 51 SH SOLE 51 0 0
GENERAL DYNAMICS CORP COM 369550108 8 149 SH SOLE 149 0 0
GENERAL ELEC CO COM 369604103 302 25756 SH SOLE 25756 0 0
GENERAL ELEC CO COM 369604103 4 300 SH DEFINED 300 0 0
GENERAL ELEC CAP CORP PINES 4.50% 35 369622485 18 800 SH SOLE 800 0 0
GENERAL ELEC CAP CORP NT 5.875%2033 369622493 60 2800 SH SOLE 2800 0 0
GENERAL MLS INC COM 370334104 15 261 SH SOLE 261 0 0
GENERAL MTRS CORP COM 370442105 4 3400 SH SOLE 3400 0 0
GENESCO INC COM 371532102 0 5 SH SOLE 5 0 0
GENZYME CORPORATION 372917104 5 82 SH SOLE 82 0 0
GILEAD SCIENCES INC COM 375558103 23 496 SH SOLE 496 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 15 99 SH SOLE 99 0 0
GOOGLE INC CL A 38259P508 913 2165 SH SOLE 2165 0 0
W R GRACE & CO NEW 38388F108 2 200 SH SOLE 200 0 0
HSBC HLDGS PLC ADR A 1/40PF A 404280604 14 800 SH SOLE 800 0 0
HANESBRANDS INC 410345102 1 43 SH SOLE 43 0 0
HANOVER INS GROUP 410867105 6 147 SH SOLE 147 0 0
HANSEN NAT CORP COM 411310105 62 2000 SH SOLE 2000 0 0
HARLEY DAVIDSON INC COM 412822108 6 355 SH SOLE 355 0 0
HARLEYSVILLE NATIONAL CORPORATION 412850109 9 1984 SH SOLE 1984 0 0
HARSCO CORP COM 415864107 96 3400 SH SOLE 3400 0 0
HARVEST COMM BK 41752W103 9 1500 SH SOLE 1500 0 0
HEINZ H J CO COM 423074103 29 823 SH SOLE 823 0 0
HELMERICH & PAYNE INC COM 423452101 3 100 SH SOLE 100 0 0
HERSHA HOSPITALITY TR SH BEN INT A 427825104 0 200 SH SOLE 200 0 0
HERSHEY FOODS CORP COM 427866108 364 10102 SH SOLE 10102 0 0
HEWLETT PACKARD CO COM 428236103 1597 41338 SH SOLE 41338 0 0
HEWLETT PACKARD CO COM 428236103 4 100 SH DEFINED 100 0 0
HOME DEPOT INC COM 437076102 4 150 SH SOLE 150 0 0
HONDA MOTOR CO LTD 438128308 14 500 SH SOLE 500 0 0
HONEYWELL INTL INC COM 438516106 597 19028 SH SOLE 19028 0 0
HUNTINGTON BANCSHARES INC COM 446150104 5 1098 SH SOLE 1098 0 0
-------- -------- ------- ----- ----
TOTAL FOR PAGE 4 5931 261956 261856 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 5
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
ING PRIME RATE TR 44977W106 4 1000 SH SOLE 1000 0 0
ITT INDS INC IND COM 450911102 26 576 SH SOLE 576 0 0
ILLINOIS TOOL WKS INC COM 452308109 6 150 SH SOLE 150 0 0
IMATION CORP COM 45245A107 0 20 SH SOLE 20 0 0
ING GROEP N V SPONSORED ADR 456837103 42 4150 SH SOLE 4150 0 0
ING GROEP N V 8.5% PER HYB CAP 456837806 117 6000 SH SOLE 6000 0 0
INTEL CORP COM 458140100 142 8601 SH SOLE 8601 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 901 8627 SH SOLE 8627 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 10 100 SH DEFINED 100 0 0
INTUIT COM 461202103 7 250 SH SOLE 250 0 0
ISHARES SILVER TRUST ISHARES 46428Q109 3 200 SH SOLE 200 0 0
ISHARES INC MSCI JAPAN 464286848 4 415 SH SOLE 415 0 0
ISHARES TR FTSE XNHUA IDX 464287184 10 270 SH SOLE 270 0 0
ISHARES MSCI EMERGING MKT ETF 464287234 435 13500 SH SOLE 13500 0 0
ISHARES MSCI EAFE INDEX 464287465 743 16220 SH SOLE 16220 0 0
ISHARES RUSSELL 1000 LARGE CAP VALUE 464287598 181 3800 SH SOLE 3800 0 0
ISHARES RUSSELL 1000 LARGE CAP GROWTH 464287614 562 13700 SH SOLE 13700 0 0
ISHARES TR RUSSELL 2000 464287655 146 2850 SH SOLE 2850 0 0
ISHARES SP EUR 350 TR FUNDS 464287861 424 13500 SH SOLE 13300 200 0
JP MORGAN CHASE CAP X PFD TR SECS 7% 46623D200 10 400 SH SOLE 400 0 0
JPMORGAN CHASE & CO COM 46625H100 427 12523 SH SOLE 12523 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 1227 29150 SH SOLE 29150 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 8 200 SH DEFINED 200 0 0
JOHNSON & JOHNSON COM 478160104 2403 42310 SH SOLE 42210 100 0
JOHNSON & JOHNSON COM 478160104 17 300 SH DEFINED 300 0 0
JOHNSON CTLS INC COM 478366107 92 4257 SH SOLE 4257 0 0
JONES SODA CO COM 48023P106 1 1200 SH SOLE 1200 0 0
KANSAS CITY SOUTHERN 485170302 8 500 SH SOLE 500 0 0
KIMBERLY CLARK CORP COM 494368103 83 1577 SH SOLE 1577 0 0
KOHLS CORP COM 500255104 8 197 SH SOLE 197 0 0
KONGZHONG CORP SPONSORED ADR 50047P104 1 100 SH SOLE 100 0 0
KRAFT FOODS INC CL A 50075N104 282 11117 SH SOLE 11117 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 62 900 SH SOLE 900 0 0
LEHMAN BROS HLDGS CAP TR VI PFD N 6.24% 54 52520X208 0 200 SH SOLE 200 0 0
LILLY ELI & CO COM 532457108 123 3546 SH SOLE 3546 0 0
LOCKHEED MARTIN CORP COM 539830109 230 2853 SH SOLE 2853 0 0
LOEWS CORP COM 540424108 933 34050 SH SOLE 34050 0 0
LOWES COS INC COM 548661107 74 3800 SH SOLE 3800 0 0
M & T BK CORP COM 55261F104 797 15648 SH SOLE 15648 0 0
M & T BK CORP COM 55261F104 51 1000 SH DEFINED 1000 0 0
MDU RES GROUP INC COM 552690109 9 500 SH SOLE 500 0 0
M&T CAPITAL TRUST IV ENH TRUPS 8.5% 55292C203 198 8000 SH SOLE 8000 0 0
MAGNETEK INC COM 559424106 1 500 SH SOLE 500 0 0
MANITOWOC INC COM 563571108 3 600 SH SOLE 600 0 0
MANULIFE FINL CORP 56501R106 16 904 SH SOLE 904 0 0
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 4 100 SH SOLE 100 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 186 5400 SH SOLE 5400 0 0
MASCO CORP COM 574599106 1 100 SH SOLE 100 0 0
MASTERCARD INCORPORATED 57636Q104 663 3962 SH SOLE 3962 0 0
MCAFEE INC COM 579064106 4 88 SH SOLE 88 0 0
MCDONALDS CORP COM 580135101 119 2071 SH SOLE 2071 0 0
-------- -------- -------- ----- -----
TOTAL FOR PAGE 5 11804 281982 281682 300 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 6
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
MCGRAW HILL COS INC COM 580645109 2 76 SH SOLE 76 0 0
MCKESSON HBOC INC COM 58155Q103 17 377 SH SOLE 377 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 48 1059 SH SOLE 1059 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 5 800 SH DEFINED 800 0 0
MERCK & CO INC COM 589331107 21 735 SH SOLE 735 0 0
MERRILL LYNCH PFD CAP TR IIITOPRS 7% 59021F206 7 400 SH SOLE 400 0 0
MICROSOFT CORP COM 594918104 1644 69147 SH SOLE 69147 0 0
MICROSOFT CORP COM 594918104 2 100 SH DEFINED 100 0 0
MIDCAP SPDR S & P 400 ETF 595635103 686 6520 SH SOLE 6520 0 0
MIDDLEBY CORP COM 596278101 1015 23123 SH SOLE 23123 0 0
MIDDLESEX WATER CO COM 596680108 5 313 SH SOLE 313 0 0
MONACO COACH CORP COM 60886R103 0 180 SH SOLE 180 0 0
MONSANTO CO NEW COM 61166W101 32 437 SH SOLE 437 0 0
MOTOROLA INC COM 620076109 5 720 SH SOLE 720 0 0
NCR CORP NEW COM 62886E108 0 30 SH SOLE 30 0 0
NVF COMPANY 629449109 0 135 SH SOLE 135 0 0
NYSE EURONEXT COM 629491101 749 27500 SH SOLE 27500 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106 10 600 SH SOLE 600 0 0
NEWS CORP CL A 65248E104 0 10 SH SOLE 10 0 0
NIKE INC CL B 654106103 19 371 SH SOLE 371 0 0
NOKIA CORP SPONSORED ADR 654902204 4 300 SH SOLE 300 0 0
NORFOLK SOUTHERN CORP COM 655844108 10 270 SH SOLE 270 0 0
NORTHEAST UTILS COM 664397106 2 102 SH SOLE 102 0 0
NORTHERN TR CORP COM 665859104 26 492 SH SOLE 492 0 0
NORTHROP GRUMMAN CORP COM 666807102 28 614 SH SOLE 614 0 0
NOVASTAR FINL INC COM NEW 669947889 0 25 SH SOLE 25 0 0
NOVELL INC COM 670006105 2 450 SH SOLE 450 0 0
NOVELLUS SYS INC COM 670008101 2 90 SH SOLE 90 0 0
NUSTAR ENERGY LP UNIT COM 67058H102 9 173 SH SOLE 173 0 0
NUVEEN PFD & CONV INCOME FD COM SHS 67073D102 13 2223 SH SOLE 2223 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 17 256 SH SOLE 256 0 0
OCEANEERING INTERNATIONAL IN 675232102 1094 24200 SH SOLE 24200 0 0
OLD LINE BANCSHARES 67984M100 15 2500 SH SOLE 2500 0 0
OMNICOM GROUP INC 681919106 9 271 SH SOLE 271 0 0
ORACLE CORP COM 68389X105 21 1000 SH SOLE 1000 0 0
O REILLY AUTOMOTIVE INC COM 686091109 3 84 SH SOLE 84 0 0
ORRSTOWN FINANCIAL SERVICES REINVESTED SHARES 687OFS993 755 20279 SH SOLE 20279 0 0
ORRSTOWN FINL SVCS INC COM 687380105 12296 330271 SH SOLE 330271 0 0
ORRSTOWN FINL SVCS INC COM 687380105 6 165 SH DEFINED 165 0 0
OTTER TAIL CORP COM 689648103 11 500 SH SOLE 500 0 0
P & F INDS INC CL A NEW 692830508 7 3500 SH SOLE 3500 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 219 5631 SH SOLE 5631 0 0
PPG INDS INC COM 693506107 23 513 SH SOLE 513 0 0
P P & L RES INC COM 69351T106 161 4886 SH SOLE 4886 0 0
PARKER HANNIFIN CORP COM 701094104 911 21200 SH SOLE 21200 0 0
PENGROWTH ENERGY TR TR UNIT NEW 706902509 6 800 SH SOLE 800 0 0
PENN NATL GAMING INC COM 707569109 143 4925 SH SOLE 4925 0 0
PENN VA RESOURCES PARTNERS L COM 707884102 8 600 SH SOLE 600 0 0
PEPSICO INC COM 713448108 1907 34709 SH SOLE 34709 0 0
PETROLEUM & RES CORP COM 716549100 30 1450 SH SOLE 1450 0 0
PFIZER INC COM 717081103 257 17140 SH SOLE 17140 0 0
-------- -------- ------- ----- -----
TOTAL FOR PAGE 6 22262 612252 612252 0 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 7
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
PHILIP MORRIS INTL INC COM 718172109 547 12533 SH SOLE 12533 0 0
PHILIP MORRIS INTL INC COM 718172109 4 100 SH DEFINED 100 0 0
PHILIPPINE LONG DIST 718252604 25 500 SH SOLE 500 0 0
POWERSHARES QQQ TR 73935A104 1686 46350 SH SOLE 46350 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 489 33200 SH SOLE 33200 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 1 100 SH DEFINED 100 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 539 47150 SH SOLE 47150 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 2 200 SH DEFINED 200 0 0
PRAXAIR INC COM 74005P104 39 549 SH SOLE 549 0 0
PRECISION CASTPARTS CORP COM 740189105 9 128 SH SOLE 128 0 0
PRICE T ROWE GROUP INC COM 74144T108 112 2700 SH SOLE 2700 0 0
PROCTER & GAMBLE CO COM 742718109 163 3200 SH SOLE 3200 0 0
PROGRESS ENERGY INC COM 743263105 10 272 SH SOLE 272 0 0
PRUDENTIAL FINL INC COM 744320102 23 621 SH SOLE 621 0 0
PSYCHIATRIC SOLUTIONS INC COM 74439H108 20 900 SH SOLE 900 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 46 1400 SH SOLE 1400 0 0
QUALCOMM INC COM 747525103 32 709 SH SOLE 709 0 0
RAVEN INDS INC COM 754212108 1103 43100 SH SOLE 43000 100 0
RAVEN INDS INC COM 754212108 15 600 SH DEFINED 600 0 0
RAYONIER INC COM 754907103 10 265 SH SOLE 265 0 0
RAYTHEON CO COM NEW 755111507 9 209 SH SOLE 209 0 0
RESEARCH IN MOTION LTD COM 760975102 57 802 SH SOLE 802 0 0
REYNOLDS AMERICAN INC COM 761713106 2 60 SH SOLE 60 0 0
RITE AID CORP COM 767754104 3 2300 SH SOLE 2300 0 0
ROFIN SINAR TECHNOLOGIES INC COM 775043102 528 26400 SH SOLE 26400 0 0
ROSS STORES INC COM 778296103 16 426 SH SOLE 426 0 0
ROYAL BANCSHARES OF PENNSYLVANIA 780081105 1 400 SH SOLE 400 0 0
ROYAL BK SCOTLAND GROUP PLC SP ADR PREF S 780097739 22 2000 SH SOLE 2000 0 0
SPDR S & P 500 INDEX ETF 78462F103 2257 24550 SH SOLE 24550 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 305 3340 SH SOLE 3340 0 0
SPX CORP COM 784635104 5 100 SH SOLE 100 0 0
SPDR S&P OIL & GAS EQUIPMENT & SVCS ETF 78464A748 232 10700 SH SOLE 10700 0 0
ST JUDE MED INC COM 790849103 19 462 SH SOLE 462 0 0
SARA LEE CORP COM 803111103 3 350 SH SOLE 350 0 0
SCHERING PLOUGH CORP COM 806605101 38 1500 SH SOLE 1500 0 0
SCHLUMBERGER LTD COM 806857108 11 200 SH SOLE 200 0 0
SEALED AIR CORP NEW COM 81211K100 4 214 SH SOLE 214 0 0
SHERWIN WILLIAMS CO COM 824348106 11 200 SH SOLE 200 0 0
SIRIUS XM RADIO INC COM 82967N108 0 1000 SH SOLE 1000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 5 500 SH SOLE 500 0 0
SMITH INTERNATIONAL INC 832110100 11 412 SH SOLE 412 0 0
SMUCKER J M CO COM NEW 832696405 8 157 SH SOLE 157 0 0
SOUTHERN CO COM 842587107 41 1313 SH SOLE 1313 0 0
SOUTHWEST AIRLS CO COM 844741108 7 1012 SH SOLE 1012 0 0
SPICY PICKLE FRANCHISING COM 84844T100 0 500 SH SOLE 500 0 0
SPRINT NEXTEL GROUP COM FON GROUP 852061100 12 2523 SH SOLE 2523 0 0
STAMPS COM INC COM NEW 852857200 1 100 SH SOLE 100 0 0
STANLEY WKS COM 854616109 2 50 SH SOLE 50 0 0
STARBUCKS CORP COM 855244109 64 4600 SH SOLE 4600 0 0
STATE STR CORP COM 857477103 21 438 SH SOLE 438 0 0
STERICYCLE INC 858912108 6 117 SH SOLE 117 0 0
-------- -------- -------- ------ -----
TOTAL FOR PAGE 7 8576 281512 281412 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 8
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
SUBURBAN PROPANE PARTNERS L UNIT LTD PARTN 864482104 30 700 SH SOLE 700 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 3 500 SH SOLE 500 0 0
SUN LIFE FINL SVCS CDA INC COM 866796105 89 3321 SH SOLE 3321 0 0
SUN MICROSYSTEMS INC COM NEW 866810203 0 50 SH SOLE 50 0 0
SUNOCO INC 86764P109 2 100 SH SOLE 100 0 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 125 25599 SH SOLE 25599 0 0
TJX COS INC NEW COM 872540109 697 22150 SH SOLE 22050 100 0
TARGET CORP COM 87612E106 11 271 SH SOLE 271 0 0
TEAM INC 878155100 268 17100 SH SOLE 17100 0 0
TEAM INC 878155100 13 800 SH DEFINED 800 0 0
TERADATA CORPORATION 88076W103 1 30 SH SOLE 30 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 5 132 SH SOLE 132 0 0
3M CO COM 88579Y101 182 3028 SH SOLE 3028 0 0
3M CO COM 88579Y101 36 600 SH DEFINED 600 0 0
TIM HORTONS INC COM 88706M103 880 35850 SH SOLE 35850 0 0
TORM A/S SPONSORED ADR 891072100 3 300 SH DEFINED 300 0 0
TOWER BANCORP INC COM 891709107 1642 46731 SH SOLE 46731 0 0
TOWER BANCORP INC COM 891709107 53 1500 SH DEFINED 1500 0 0
TRUMP HOTELS & CASIN 898168109 0 60 SH SOLE 60 0 0
US BANCORP DEL COM NEW 902973304 992 55400 SH SOLE 55400 0 0
US BANCORP DEL COM NEW 902973304 2 100 SH DEFINED 100 0 0
UNION PAC CORP COM 907818108 13 252 SH SOLE 252 0 0
UNITED TECHNOLOGIES CORP COM 913017109 64 1232 SH SOLE 1232 0 0
UNITEDHEALTH GROUP INC COM 91324P102 45 1800 SH SOLE 1800 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2 100 SH DEFINED 100 0 0
VALE S A ADR 91912E105 766 43450 SH SOLE 43450 0 0
VANGUARD HEALTHCARE VIPER ETF 92204A504 1115 23950 SH SOLE 23950 0 0
VANGUARD SM CAP VAL VIPER 922908611 116 2700 SH SOLE 2700 0 0
VERIZON COMMUNICATIONS 92343V104 449 14626 SH SOLE 14626 0 0
VERIZON COMMUNICATIONS 92343V104 22 700 SH DEFINED 700 0 0
VISA INC COM CL A 92826C839 12 200 SH SOLE 200 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 23 1156 SH SOLE 1156 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 12 600 SH DEFINED 600 0 0
WI-LAN INC COM 928972108 0 146 SH SOLE 146 0 0
WACHOVIA PFD FDG CORP PFD A7.25%PERP 92977V206 9 525 SH SOLE 525 0 0
WAL MART STORES INC COM 931142103 217 4478 SH SOLE 4478 0 0
WALGREEN CO COM 931422109 12 400 SH SOLE 400 0 0
WASHINGTON MUT INC COM 939322103 0 200 SH SOLE 200 0 0
WEBSTER FINL CORP CONN COM 947890109 1 142 SH SOLE 142 0 0
WELLPOINT INC COM 94973V107 3 56 SH SOLE 56 0 0
WELLS FARGO & CO NEW COM 949746101 10 409 SH SOLE 409 0 0
WELLS FARGO CAPITAL TRUST IV 94976Y207 9 400 SH SOLE 400 0 0
WILMINGTON TRUST CORP NEW 971807102 8 600 SH SOLE 600 0 0
WINDSTREAM CORP COM 97381W104 2 281 SH SOLE 281 0 0
WINDSTREAM CORP COM 97381W104 7 800 SH DEFINED 800 0 0
WYETH COM 983024100 64 1400 SH SOLE 1400 0 0
XCL LTD DEL COM 983701103 0 66 SH SOLE 66 0 0
XTO ENERGY INC COM 98385X106 16 428 SH SOLE 428 0 0
XCEL ENERGY INC COM 98389B100 570 31000 SH SOLE 31000 0 0
YRC WORLDWIDE INC COM 984249102 3 2000 SH SOLE 2000 0 0
YORK TRADITIONS BANK 987159100 6 6250 SH SOLE 6250 0 0
-------- -------- -------- ----- -----
TOTAL FOR PAGE 8 8610 354669 354569 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2009 PAGE 9
FORM 13F INFORMATION TABLE
VOTING AUTHORITY
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER ----------------------
NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
------------------------------ ---------------- --------- -------- -------- --- ---- ------- -------- -------- ------ ------
ZIMMER HLDGS INC COM 98956P102 5 120 SH SOLE 120 0 0
ZIONS BANCORP 989701107 1 100 SH SOLE 100 0 0
-------- -------- -------- ------ ------
TOTAL FOR PAGE 9 6 220 220 0 0
GRAND TOTALS 85320 2956397 2955097 1300 0