UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
FORM I3F COVER PAGE
Report for the Calendar Year or Quarter Ended: 06/30/2008
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 8/14/08
-------------------------- ---------------- ----------
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: 490
Form 13F Information Table Value Total: 110,179
(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 06/30/2008 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
CHINA YUCHAI INTERNATIONAL LTD G21082105 4 400 SH SOLE 400 0 0
COVIDIEN LTD COM G2552X108 31 647 SH SOLE 647 0 0
ASA LIMITED COM G3156P103 5 63 SH SOLE 63 0 0
GARMIN LTD ORD G37260109 227 5300 SH SOLE 5300 0 0
INGERSOLL-RAND COMPANY LTD CL A G4776G101 745 19900 SH SOLE 19900 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 461 26100 SH SOLE 26100 0 0
MARVELL TECHNOLOGY GROUP LTD ORD G5876H105 4 200 SH DEFINED 200 0 0
PRUDENTIAL PLC PER SUB 6.50% G7293H189 13 700 SH SOLE 700 0 0
RENAISSANCERE HOLDINGS LTD PFD C 6.08% G7498P309 9 500 SH SOLE 500 0 0
TRANSOCEAN INC NEW SHS G90073100 357 2343 SH SOLE 2343 0 0
TYCO INTERNATIONAL LTD G9143X208 26 647 SH SOLE 647 0 0
TYCO ELECTRONICS LTD COM NEW G9144P105 41 1147 SH SOLE 1147 0 0
WEATHERFORD INTERNATIONAL LT COM G95089101 2 32 SH SOLE 32 0 0
AEGON NV PFD PER 6.875% N00927306 4 200 SH SOLE 200 0 0
ASML HOLDING N V NY REG SHS N07059186 9 355 SH SOLE 355 0 0
DOUBLE HULL TANKERS INC COM Y21110104 7 700 SH DEFINED 700 0 0
GENERAL MARITIME CORP SHS Y2692M103 5 200 SH DEFINED 200 0 0
ABB LTD SPONSORED ADR 000375204 1 45 SH SOLE 45 0 0
ACNB CORP COM 000868109 54 3533 SH SOLE 3533 0 0
A D C TELECOMMUNICATIONS COM NEW 000886309 9 600 SH SOLE 600 0 0
AFLAC INC COM 001055102 9 150 SH SOLE 150 0 0
AT&T INC COM 00206R102 510 15137 SH SOLE 15137 0 0
AT&T INC COM 00206R102 91 2700 SH DEFINED 2700 0 0
A S DAMPSKIBSSELSKABET TORM SPONSORED ADR 00208W109 11 300 SH DEFINED 300 0 0
ABBOTT LABS COM 002824100 609 11504 SH SOLE 11504 0 0
ACTIVISION INC NEW COM NEW 004930202 387 11350 SH SOLE 11350 0 0
ADAMS EXPRESS CO COM 006212104 66 5576 SH SOLE 5576 0 0
AECOM TECHNOLOGY CORP 00766T100 42 1300 SH SOLE 1300 0 0
AEROPOSTALE, INC 007865108 393 12550 SH SOLE 12550 0 0
AETNA INC NEW COM 00817Y108 12 300 SH DEFINED 300 0 0
AIRTRAN HLDGS INC COM 00949P108 1 400 SH SOLE 400 0 0
ALCATEL-LUCENT SPONSORED ADR 013904305 2 287 SH SOLE 287 0 0
ALLEGHENY ENERGY INC COM 017361106 5 100 SH SOLE 100 0 0
ALLEGHENY TECHNOLOGIES INC COM 01741R102 317 5350 SH SOLE 5350 0 0
ALLIED IRISH BKS P L C SPON ADR ORD 019228402 11020 357897 SH SOLE 357897 0 0
ALLSTATE CORP COM 020002101 266 5840 SH SOLE 5840 0 0
ALTRIA GROUP INC COM 02209S103 284 13809 SH SOLE 13809 0 0
ALTRIA GROUP INC COM 02209S103 2 100 SH DEFINED 100 0 0
AMERICAN CAPITAL STRATEGIES COM 024937104 24 1000 SH SOLE 1000 0 0
AMERICAN ELECTRIC CO 025537101 24 600 SH SOLE 600 0 0
AMERICAN EXPRESS CO COM 025816109 21 558 SH SOLE 558 0 0
AMERICAN INTL GROUP INC COM 026874107 19 716 SH SOLE 716 0 0
AMERICAN VANGUARD CORP COM 030371108 1538 125000 SH SOLE 124800 200 0
AMERICAN VANGUARD CORP COM 030371108 7 600 SH DEFINED 600 0 0
AMERIPRISE FINL INC COM 03076C106 0 11 SH SOLE 11 0 0
----- ------ ------ --- -
TOTAL FOR PAGE 1 17674 636766 636566 200 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 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
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ----
AMGEN INC COM 031162100 321 6800 SH SOLE 6800 0 0
ANALOG DEVICES INC COM 032654105 10 316 SH SOLE 316 0 0
ANHEUSER BUSCH COS INC COM 035229103 12 200 SH SOLE 200 0 0
APPLE INC COM 037833100 496 2963 SH SOLE 2963 0 0
APPLIED DEVELOPMENT HLDGS LT ADR 038173100 1 2000 SH SOLE 2000 0 0
APPLIED MATLS INC COM 038222105 6 300 SH SOLE 300 0 0
AQUA AMERICA INC COM 03836W103 37 2333 SH SOLE 2333 0 0
ASHLAND INC NEW 044209104 32 660 SH SOLE 660 0 0
ATMOS ENERGY CORP COM 049560105 248 9000 SH SOLE 9000 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 76 1822 SH SOLE 1822 0 0
AVANIR PHARMACEUTICALS CL A NEW 05348P401 0 75 SH SOLE 75 0 0
AXCELIS TECHNOLOGIES INC COM 054540109 3 530 SH SOLE 530 0 0
BAC CAP 7% 8/15/32 05518E202 18 800 SH SOLE 800 0 0
BK AM 7% 2/1/32 055188205 51 2300 SH SOLE 2300 0 0
BP AMOCO P L C SPONSORED ADR 055622104 268 3849 SH SOLE 3849 0 0
BRE PPTYS INC 05564E106 17 398 SH SOLE 398 0 0
BRE PROPERTIES INC PFD C 6.75% 05564E502 14 700 SH SOLE 700 0 0
BANCO BILBAO VIZCAYA ARGENTA SPONSORED ADR 05946K101 24 1262 SH SOLE 1262 0 0
BANK OF AMERICA CORP 060505104 230 9639 SH SOLE 9639 0 0
BANK OF AMERICA CORP 060505104 10 400 SH DEFINED 400 0 0
BANK NEW YORK MELLON CORP 064058100 171 4516 SH SOLE 4516 0 0
BEISTLE COMPANY 072001993 1790 4097 SH SOLE 4097 0 0
BED BATH & BEYOND 075896100 9 325 SH SOLE 325 0 0
BENCHMARK BANKSHARES INC COM NEW 08160E207 48 3000 SH SOLE 3000 0 0
BERKSHIRE HATHAWAY INC DEL CL B 084670207 28 7 SH SOLE 7 0 0
BEST BUY INC COM 086516101 32 800 SH SOLE 800 0 0
BIOGEN IDEC INC COM 09062X103 9 165 SH SOLE 165 0 0
BIOTIME INC COM 09066L105 0 100 SH SOLE 100 0 0
BIOSHAFT WTR TECHNOLOGY INC COM 09070W105 11 5000 SH SOLE 5000 0 0
BLACK & DECKER CORP COM 091797100 1 15 SH SOLE 15 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254G108 74 6761 SOLE 6761 0 0
BLOCK H & R INC COM 093671105 2 90 SH SOLE 90 0 0
BODYTEL SCIENTIFIC INCORPORA 097000103 2 2000 SH SOLE 2000 0 0
BOEING CO COM 097023105 53 800 SH SOLE 800 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 62 3000 SH SOLE 3000 0 0
BUFFALO WILD WINGS INC COM 119848109 62 2500 SH SOLE 2500 0 0
BURGER KING CORP 121208201 19 700 SH SOLE 700 0 0
BURLINGTON NORTHN SANTA FE C COM 12189T104 10 100 SH SOLE 100 0 0
CBS CORP NEW CL B 124857202 2 102 SH SOLE 102 0 0
CME GROUP INC COM 12572Q105 5 13 SH SOLE 13 0 0
CABOT OIL & GAS CORPORATION 127097103 14 200 SH SOLE 200 0 0
CAMPBELL SOUP 134429109 13 400 SH SOLE 400 0 0
CANTEL MEDICAL CORP 138098108 131 12900 SH SOLE 12800 100 0
CARLISLE COS INC COM 142339100 165 5700 SH SOLE 5700 0 0
CARNIVAL CORP 143658300 2 45 SH SOLE 45 0 0
CATERPILLAR INC DEL COM 149123101 917 12428 SH SOLE 12428 0 0
CEDAR FAIR LP 150185106 11 600 SH SOLE 600 0 0
CELGENE CORP COM 151020104 70 1100 SH SOLE 1100 0 0
CENTERPOINT ENERGY INC COM 15189T107 48 3000 SH SOLE 3000 0 0
CHATTEM INC COM 162456107 72 1100 SH SOLE 1100 0 0
CHESAPEAKE ENERGY CORP COM 165167107 13 200 SH SOLE 200 0 0
---- ------ ------ --- -
TOTAL FOR PAGE 2 5720 118111 118011 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 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
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ----
CHEVRON CORP NEW COM 166764100 165 1665 SH SOLE 1665 0 0
CHICO'S FAS INC 168615102 1 140 SH SOLE 140 0 0
CHINA TELECOM CORP LTD SPON ADR H SHS 169426103 1 22 SH SOLE 22 0 0
CISCO SYS INC COM 17275R102 315 13566 SH SOLE 13566 0 0
CITIZENS & NORTHN CORP COM 172922106 44 2684 SH SOLE 2684 0 0
CITIGROUP INC COM 172967101 193 11496 SH SOLE 11496 0 0
CITIGROUP INC COM 172967101 3 200 SH DEFINED 200 0 0
CITIGROUP CAPITAL VII TRUPS 7.125% 17306N203 21 1000 SH SOLE 1000 0 0
CITIGROUP CAP IX PFD TR 6.00% 173066200 141 8200 SH SOLE 8200 0 0
CITIZENS COMMUNICATIONS CO COM 17453B101 28 2500 SH SOLE 2500 0 0
CITIZENS FINL SVCS INC COM 174615104 24 1030 SH SOLE 1030 0 0
CLEAR CHANNEL COMMUNICATIONS COM 184502102 2 70 SH SOLE 70 0 0
COACH INC COM 189754104 104 3600 SH SOLE 3600 0 0
COCA COLA CO COM 191216100 1264 24318 SH SOLE 24318 0 0
CODORUS VY BANCORP INC COM 192025104 10 749 SH SOLE 749 0 0
COLGATE PALMOLIVE CO COM 194162103 1298 18788 SH SOLE 18788 0 0
COLGATE PALMOLIVE CO COM 194162103 7 100 SH DEFINED 100 0 0
COLUMBIA FINANCIAL 197642101 24 1533 SH SOLE 1533 0 0
COMCAST CORP NEW CL A 20030N101 5 246 SH SOLE 246 0 0
COMCAST CORP NEW CL A 20030N101 25 1300 SH DEFINED 1300 0 0
COMMUNITY BK SYS INC COM 203607106 26 1250 SH SOLE 1250 0 0
COMPANHIA VALE INC 204412209 985 27500 SH SOLE 27500 0 0
CONAGRA INC COM 205887102 8 400 SH SOLE 400 0 0
CONOCOPHILLIPS COM 20825C104 146 1547 SH SOLE 1547 0 0
CONSOLIDATED EDISON INC COM 209115104 70 1800 SH SOLE 1800 0 0
CORNING INC COM 219350105 265 11500 SH SOLE 11500 0 0
CORPORATE BACKED TR CTFS 03-17SPRINT A1 21988K404 11 700 SH SOLE 700 0 0
GOLDMANSACHS 6.3% 2/15/2034 21988K834 43 2000 SH SOLE 2000 0 0
CORPORATE BACKED TR CTFS 04-4 CL A-1 6% 21988K875 19 1000 SH SOLE 1000 0 0
CORTS TR GEN ELEC CAP CORP 22082X201 6 275 SH SOLE 275 0 0
COSTCO WHOLESALE CORP NCORTS A 6% 32 22160K105 168 2400 SH SOLE 2400 0 0
CREDIT SUISSE GROUP SPONSORED ADR 225401108 2 40 SH SOLE 40 0 0
CROCS INC 227046109 2 300 SH SOLE 300 0 0
DTE ENERGY CO COM 233331107 21 500 SH SOLE 500 0 0
DANAHER CORP DEL COM 235851102 46 600 SH SOLE 600 0 0
DARDEN RESTAURANTS INC COM 237194105 361 11300 SH SOLE 11300 0 0
DARDEN RESTAURANTS INC COM 237194105 6 200 SH DEFINED 200 0 0
DEERE & CO COM 244199105 20 280 SH SOLE 280 0 0
DELAWARE INVTS DIV & INCOME COM 245915103 7 800 SH SOLE 800 0 0
DELL INC COM 24702R101 87 4000 SH SOLE 4000 0 0
DEUTSCHE TELEKOM AG SPONSORED ADR 251566105 1 52 SH SOLE 52 0 0
DIAMONDS TRUST DOW JONES INDETF 252787106 3842 33875 SH SOLE 33875 0 0
DICKS SPORTING GOODS INC COM 253393102 493 27800 SH SOLE 27800 0 0
DIRECTV GROUP INC COM 25459L106 9 338 SH SOLE 338 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 1224 39240 SH SOLE 39240 0 0
WALT DISNEY COMPANY HOLDING CO. 254687106 6 200 SH DEFINED 200 0 0
DISCOVER FINANCIAL SERVICES 254709108 6 450 SH SOLE 450 0 0
DOMINION RES INC VA NEW COM 25746U109 135 2850 SH SOLE 2850 0 0
DOW CHEM CO COM 260543103 50 1428 SH SOLE 1428 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 110 2557 SH SOLE 2557 0 0
DUKE ENERGY CORP NEW COM 26441C105 1073 61800 SH SOLE 61800 0 0
DUKE ENERGY CORP NEW COM 26441C105 5 300 SH DEFINED 300 0 0
----- ------ ------ - -
TOTAL FOR PAGE 3 12928 332489 332489 0 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 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
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ----
DUKE REALTY CORP PFD 1/10 L 6.6 264411745 10 500 SH SOLE 500 0 0
DUTCH GOLD RES INC COM 26702V107 0 2 SH SOLE 2 0 0
ECB BANCORP INC COM 268253101 25 1000 SH SOLE 1000 0 0
EMC CORPORATION 268648102 774 52690 SH SOLE 52690 0 0
EASTMAN KODAK CO COM 277461109 6 385 SH SOLE 385 0 0
EATON CORP COM 278058102 76 900 SH SOLE 900 0 0
ELAN PLC ADR 284131208 18 500 SH SOLE 500 0 0
ELECTRONIC ARTS INC COM 285512109 4 100 SH SOLE 100 0 0
ELECTRONIC DATA SYS NEW COM 285661104 4 150 SH SOLE 150 0 0
ELMIRA SVGS BK FSB N Y COM 289660102 2 106 SH SOLE 106 0 0
EMBARQ CORP COM 29078E105 2 49 SH SOLE 49 0 0
EMCLAIRE FINL CORP COM 290828102 25 1000 SH SOLE 1000 0 0
EMERSON ELEC CO COM 291011104 376 7600 SH SOLE 7600 0 0
ENCANA CORP COM 292505104 464 5100 SH SOLE 5100 0 0
ENERGY EAST CORP COM 29266M109 235 9519 SH SOLE 9519 0 0
ENDOVASC INC 29267B201 0 300 SH SOLE 300 0 0
ENTERGY CORP NEW COM 29364G103 211 1755 SH SOLE 1755 0 0
ENVIRORESOLUTIONS INC COM NEW 29413C202 6 5000 SH SOLE 5000 0 0
EPHRATA NATL BK PA COM PAR $1 294209200 12 500 SH SOLE 500 0 0
EQUINIX INC COM NEW 29444U502 6 62 SH SOLE 62 0 0
ERICSSON L M TEL CO ADR B SEK 10 294821608 1 90 SH SOLE 90 0 0
EXELON CORP COM 30161N101 226 2509 SH SOLE 2509 0 0
EXPEDITORS INTL WASH INC COM 302130109 12 284 SH SOLE 284 0 0
EXXON MOBIL CORP COM 30231G102 1539 17462 SH SOLE 17462 0 0
EXXON MOBIL CORP COM 30231G102 9 100 SH DEFINED 100 0 0
FAO INC 30240S600 0 133 SH SOLE 133 0 0
FNB CORP PA COM 302520101 41 3450 SH SOLE 3450 0 0
FPL GROUP INC COM 302571104 124 1890 SH SOLE 1890 0 0
FAIRPOINT COMMUNICATIONS INC COM 305560104 1 112 SH SOLE 112 0 0
FAIRPOINT COMMUNICATIONS INC COM 305560104 0 13 SH DEFINED 13 0 0
FARMERS & MERCHANTS 30810N106 27 1000 SH SOLE 1000 0 0
FEDEX CORP COM 31428X106 5 65 SH SOLE 65 0 0
FIFTH THIRD BANCORP 316773100 5 468 SH SOLE 468 0 0
FINISH LINE INC CL A 317923100 0 1 SH SOLE 1 0 0
FIRST COMWLTH FINL CORP PA COM 319829107 35 3740 SH SOLE 3740 0 0
FIRST INDUSTRIAL REALTY TRUS COM 32054K103 7 250 SH DEFINED 250 0 0
FIRST UTD CORP COM 33741H107 18 1000 SH SOLE 1000 0 0
FIRSTBANK FINL SVCS 33764G101 2 1584 SH SOLE 1584 0 0
FIRSTMERIT CORP 337915102 33 2000 SH SOLE 2000 0 0
FIRSTENERGY CORP COM 337932107 7 89 SH SOLE 89 0 0
FLUOR CORP NEW COM 343412102 1 7 SH SOLE 7 0 0
FLOWSERVE CORP COM 34354P105 41 300 SH SOLE 300 0 0
FOMENTO ECONOMICO MEXICANO SSPON ADR
UNITS 344419106 1 26 SH SOLE 26 0 0
FONAR CORP 344437405 0 80 SH SOLE 80 0 0
FORD MOTOR COMPANY NEW COM 345370860 5 1000 SH SOLE 1000 0 0
FORTEL INC CALIF COM 349550103 0 150 SH SOLE 150 0 0
FORTUNE BRANDS INC COM 349631101 58 925 SH SOLE 925 0 0
FRANKLIN FINL SVCS CORP COM 353525108 1485 64544 SH SOLE 64544 0 0
FRESENIUS MED CARE 358029106 11 209 SH SOLE 209 0 0
FULTON FINL CORP PA COM 360271100 38 3813 SH SOLE 3813 0 0
FUTUREBIOTICS INC COM NEW 36114L308 0 50 SH SOLE 50 0 0
---- ------ ------ - -
TOTAL FOR PAGE 4 5988 194562 194562 0 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 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
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ----
GABELLI GLOBAL MULTIMEDIA TR COM 36239Q109 0 51 SH SOLE 51 0 0
GENENTECH INC COM NEW 368710406 363 4780 SH SOLE 4680 100 0
GENERAL ELEC CO COM 369604103 1297 48629 SH SOLE 48629 0 0
GENERAL ELEC CO COM 369604103 19 700 SH DEFINED 700 0 0
GENERAL ELEC CAP CORP PINES 4.50% 35 369622485 19 800 SH SOLE 800 0 0
GENERAL ELEC CAP CORP NT 5.875%2033 369622493 68 2800 SH SOLE 2800 0 0
GENERAL MTRS CORP COM 370442105 3 300 SH SOLE 300 0 0
GENESCO INC COM 371532102 0 5 SH SOLE 5 0 0
GILEAD SCIENCES INC COM 375558103 19 350 SH SOLE 350 0 0
GOLDMAN SACHS GROUP INC COM 38141G104 10 60 SH SOLE 60 0 0
GOOGLE INC CL A 38259P508 1200 2280 SH SOLE 2280 0 0
W R GRACE & CO NEW 38388F108 5 200 SH SOLE 200 0 0
GRAMERCY CAPITAL CORP 384871109 5 400 SH DEFINED 400 0 0
HRPT PPTYS TR COM SH BEN INT 40426W101 7 1000 SH SOLE 1000 0 0
HSBC HLDGS PLC SPON ADR NEW 404280406 1 17 SH SOLE 17 0 0
HSBC HLDGS PLC ADR A 1/40PF A 404280604 16 800 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 282 9800 SH SOLE 9800 0 0
HARLEY DAVIDSON INC COM 412822108 25 695 SH SOLE 695 0 0
HARLEYSVILLE NATIONAL
CORPORATION 412850109 22 1984 SH SOLE 1984 0 0
HARMONY GOLD MNG LTD SPONSORED ADR 413216300 3 259 SH SOLE 259 0 0
HARSCO CORP COM 415864107 228 4200 SH SOLE 4200 0 0
HARTFORD FINL SVCS GROUP INC COM 416515104 41 639 SH SOLE 639 0 0
HARVEST COMM BK 41752W103 15 1500 SH SOLE 1500 0 0
HEICO CORPORATION 422806109 23 700 SH SOLE 700 0 0
HEINZ H J CO COM 423074103 117 2450 SH SOLE 2450 0 0
HEINZ H J CO COM 423074103 5 100 SH DEFINED 100 0 0
HERITAGE FINL CORP WASH COM 42722X106 17 1050 SH SOLE 1050 0 0
HERSHEY FOODS CORP COM 427866108 487 14870 SH SOLE 14870 0 0
HEWLETT PACKARD CO COM 428236103 1467 33200 SH SOLE 33200 0 0
HOME DEPOT INC COM 437076102 8 340 SH SOLE 340 0 0
HONDA MOTOR CO LTD 438128308 3 100 SH SOLE 100 0 0
HONEYWELL INTL INC COM 438516106 1263 25128 SH SOLE 25128 0 0
HOSPITALITY PROPERTIES
TRUSTSH BEN INT 44106M102 7 300 SH DEFINED 300 0 0
HUNTINGTON BANCSHARES INC COM 446150104 6 1098 SH SOLE 1098 0 0
IAC INTERACTIVE NEW 44919P300 10 500 SH SOLE 500 0 0
ING PRIME RATE TR 44977W106 6 1000 SH SOLE 1000 0 0
ITT INDS INC IND COM 450911102 18 282 SH SOLE 282 0 0
IDEARC INC COM 451663108 0 14 SH SOLE 14 0 0
IMATION CORP COM 45245A107 0 20 SH SOLE 20 0 0
ING GROEP N V SPONSORED ADR 456837103 530 14300 SH SOLE 14300 0 0
ING GROEP N V 8.5% PER HYB CAP 456837806 149 6000 SH SOLE 6000 0 0
INTEL CORP COM 458140100 285 13271 SH SOLE 13271 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 647 5455 SH SOLE 5455 0 0
INTERNATIONAL BUSINESS MACHS COM 459200101 12 100 SH DEFINED 100 0 0
INTL PAPER CO COM 460146103 4 181 SH SOLE 181 0 0
INTUITIVE SURGICAL INC COM NEW 46120E602 0 1 SH SOLE 1 0 0
IRON & GLASS BANCORP INC COM 462735101 55 800 SH SOLE 800 0 0
ISHARES MSCI EMERGING MKT ETF 464287234 713 5250 SH SOLE 5250 0 0
ISHARES TR S&P LTN AM 40 464287390 14 50 SH SOLE 50 0 0
---- ------ ------ --- -
TOTAL FOR PAGE 5 9501 208999 208899 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 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
-------------- ---------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ----
ISHARES MSCI EAFE INDEX 464287465 1124 16370 SH SOLE 16370 0 0
ISHARES RUSSELL 1000 LARGE CAP VALUE 464287598 138 2000 SH SOLE 2000 0 0
ISHARES RUSSELL 1000 LARGE CAP GROWTH 464287614 729 13200 SH SOLE 13200 0 0
ISHARES TR RUSSELL 2000 464287655 138 2000 SH SOLE 2000 0 0
ISHARES SP EUR 350 TR FUNDS 464287861 938 9650 SH SOLE 9550 100 0
JP MORGAN CHASE CAP X PFD TR SECS 7% 46623D200 10 400 SH SOLE 400 0 0
JPMORGAN CHASE & CO COM 46625H100 298 8690 SH SOLE 8690 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 1743 21600 SH SOLE 21600 0 0
JACOBS ENGR GROUP INC DEL COM 469814107 16 200 SH DEFINED 200 0 0
JETBLUE AIRWAYS CORP COM 477143101 1 250 SH SOLE 250 0 0
JOHNSON & JOHNSON COM 478160104 2161 33585 SH SOLE 33585 0 0
JOHNSON & JOHNSON COM 478160104 19 300 SH DEFINED 300 0 0
JOHNSON CTLS INC COM 478366107 116 4050 SH SOLE 4050 0 0
JONES SODA CO COM 48023P106 238 74050 SH SOLE 74050 0 0
JONES SODA CO COM 48023P106 4 1300 SH DEFINED 1300 0 0
KIMBERLY CLARK CORP COM 494368103 275 4600 SH SOLE 4600 0 0
KIMBERLY CLARK CORP COM 494368103 6 100 SH DEFINED 100 0 0
KIMCO REALTY CORP COM 49446R109 2 50 SH SOLE 50 0 0
KONINKLIJKE AHOLD N V SPON ADR 2007 500467402 1 80 SH SOLE 80 0 0
KRAFT FOODS INC CL A 50075N104 224 7875 SH SOLE 7875 0 0
L-3 COMMUNICATIONS HLDGS INC COM 502424104 500 5500 SH SOLE 5500 0 0
LAUDER ESTEE COS INC CL A 518439104 1 24 SH SOLE 24 0 0
LEGG MASON INC COM 524901105 6 135 SH SOLE 135 0 0
LILLY ELI & CO COM 532457108 322 6979 SH SOLE 6979 0 0
LINCOLN NATL CORP IND COM 534187109 1 30 SH SOLE 30 0 0
LINEAR TECHNOLOGY CORP COM 535678106 2 65 SH SOLE 65 0 0
LIONS GATE ENTERTAINMENT COR 535919203 29 2800 SH SOLE 2800 0 0
LOCKHEED MARTIN CORP COM 539830109 343 3475 SH SOLE 3475 0 0
LOEWS CORP COM 540424108 98 2100 SH SOLE 2100 0 0
LORILLARD INC COM 544147101 2 25 SH SOLE 25 0 0
LOUISIANA PAC CORP COM 546347105 3 400 SH SOLE 400 0 0
LOWES COS INC COM 548661107 255 12267 SH SOLE 12267 0 0
M & T BK CORP COM 55261F104 1069 15158 SH SOLE 15158 0 0
M & T BK CORP COM 55261F104 71 1000 SH DEFINED 1000 0 0
MDU RES GROUP INC COM 552690109 58 1675 SH SOLE 1675 0 0
MAGELLAN HEALTH SVCS INC *W EXP 01/05/2011 559079140 0 8 SH SOLE 8 0 0
MAGELLAN HEALTH SVCS INC COM NEW 559079207 0 8 SH SOLE 8 0 0
MAGNETEK INC COM 559424106 2 500 SH SOLE 500 0 0
MANULIFE FINL CORP 56501R106 31 904 SH SOLE 904 0 0
MARATHON OIL CORP COM 565849106 16 312 SH SOLE 312 0 0
MARKET VECTORS ETF TR AGRIBUS ETF 57060U605 279 4500 SH SOLE 4500 0 0
MASCO CORP COM 574599106 2 100 SH SOLE 100 0 0
MASTERCARD INCORPORATED 57636Q104 558 2100 SH SOLE 2100 0 0
MCDERMOTT INTL INC COM 580037109 1 18 SH SOLE 18 0 0
MCDONALDS CORP COM 580135101 105 1865 SH SOLE 1865 0 0
MCGRAW HILL COS INC COM 580645109 6 159 SH SOLE 159 0 0
MEDCO HEALTH SOLUTIONS INC COM 58405U102 39 824 SH SOLE 824 0 0
MEDICAL PPTYS TRUST INC COM 58463J304 8 800 SH DEFINED 800 0 0
MEDTRONIC INC COM 585055106 1 19 SH SOLE 19 0 0
MERCK & CO INC COM 589331107 12 309 SH SOLE 309 0 0
MERRILL LYNCH & CO INC COM 590188108 16 500 SH SOLE 500 0 0
----- ------ ------ --- -
TOTAL FOR PAGE 6 12017 264909 264809 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 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
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ----
MERRILL LYNCH PFD CAP TR IIITOPRS 7% 59021F206 7 400 SH SOLE 400 0 0
METLIFE INC 59156R108 13 255 SH SOLE 255 0 0
MFS HIGH INCOME MUN TR SH BEN INT 59318D104 0 75 SOLE 75 0 0
MICROSOFT CORP COM 594918104 682 24798 SH SOLE 24798 0 0
MICROSOFT CORP COM 594918104 3 100 SH DEFINED 100 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 0 15 SH SOLE 15 0 0
MIDCAP SPDR S & P 400 ETF 595635103 987 6630 SH SOLE 6630 0 0
MIDDLEBY CORP COM 596278101 1261 28723 SH SOLE 28723 0 0
MIDDLESEX WATER CO COM 596680108 5 313 SH SOLE 313 0 0
MINE SAFETY APPLIANCES CO COM 602720104 120 3000 SH SOLE 3000 0 0
MONACO COACH CORP COM 60886R103 1 180 SH SOLE 180 0 0
MONEYGRAM INTL INC COM 60935Y109 0 200 SH SOLE 200 0 0
MONSANTO CO NEW COM 61166W101 38 302 SH SOLE 302 0 0
MORGAN STANLEY DEAN WITTER&C COM NEW 617446448 2 45 SH SOLE 45 0 0
MOTOROLA INC COM 620076109 13 1815 SH SOLE 1815 0 0
NCR CORP NEW COM 62886E108 1 30 SH SOLE 30 0 0
NTT DOCOMO INC SPONS ADR 62942M201 2 150 SH SOLE 150 0 0
NVF COMPANY 629449109 0 135 SH SOLE 135 0 0
NYSE EURONEXT COM 629491101 1519 30000 SH SOLE 30000 0 0
NATIONAL CITY CORP COM 635405103 10 2160 SH SOLE 2160 0 0
NATIONAL- OILWELL INC 637071101 1 9 SH SOLE 9 0 0
NATIONAL PENN BANCSHARES INC COM 637138108 19 1448 SH SOLE 1448 0 0
NATIONAL RETAIL PROPERTIES I COM 637417106 13 600 SH SOLE 600 0 0
NATIONWIDE FINL SVCS INC CL A 638612101 7 154 SH SOLE 154 0 0
NESTLE S A SPONSORED ADR 641069406 1 20 SH SOLE 20 0 0
NEW YORK CMNTY BANCORP INC COM 649445103 2 140 SH SOLE 140 0 0
NEW YORK TIMES CO CL A 650111107 1 90 SH SOLE 90 0 0
NEWS CORP CL A 65248E104 1 77 SH SOLE 77 0 0
NOKIA CORP SPONSORED ADR 654902204 12 500 SH SOLE 500 0 0
NORFOLK SOUTHERN CORP COM 655844108 17 270 SH SOLE 270 0 0
NORTHEAST UTILS COM 664397106 3 102 SH SOLE 102 0 0
NORTHROP GRUMMAN CORP COM 666807102 14 214 SH SOLE 214 0 0
NOVELL INC COM 670006105 3 450 SH SOLE 450 0 0
NOVELLUS SYS INC COM 670008101 2 90 SH SOLE 90 0 0
NOVO- NORDISK A S ADR 670100205 1 16 SH SOLE 16 0 0
NSTAR COM 67019E107 2 62 SH SOLE 62 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 2 20 SH SOLE 20 0 0
OLD HARBOR BANK FL 679785105 15 2000 SH SOLE 2000 0 0
OLD LINE BANCSHARES 67984M100 17 2500 SH SOLE 2500 0 0
ORRSTOWN FINANCIAL SERVICES
REINVESTED SHARES 687OFS993 639 21310 SH SOLE 21310 0 0
ORRSTOWN FINL SVCS INC COM 687380105 10912 363730 SH SOLE 363730 0 0
ORRSTOWN FINL SVCS INC COM 687380105 5 165 SH DEFINED 165 0 0
OSKOSH TRUCK CORP 688239201 4 200 SH SOLE 200 0 0
OTTER TAIL CORP COM 689648103 19 500 SH SOLE 500 0 0
P & F INDS INC CL A NEW 692830508 15 3500 SH SOLE 3500 0 0
PG&E CORP COM 69331C108 2 50 SH SOLE 50 0 0
PNC FINANCIAL SERVICES GROUP COM 693475105 498 8731 SH SOLE 8731 0 0
PPG INDS INC COM 693506107 54 950 SH SOLE 950 0 0
P P & L RES INC COM 69351T106 301 5758 SH SOLE 5758 0 0
PS BUSINESS PKS INC CALIF PFD H DEP 7.00 69360J875 10 500 SH SOLE 500 0 0
PARAGON SHIPPING INC CL A 69913R309 3 200 SH SOLE 200 0 0
----- ------ ------ - -
TOTAL FOR PAGE 7 17259 513682 513682 0 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 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
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ----
PARKER HANNIFIN CORP COM 701094104 1422 19100 SH SOLE 19100 0 0
PARKVALE FINL CORP COM 701492100 18 781 SH SOLE 781 0 0
PATRIOT COAL CORP COM 70336T104 0 1 SH SOLE 1 0 0
PEABODY ENERGY CORP COM 704549104 2 19 SH SOLE 19 0 0
PENN NATL GAMING INC COM 707569109 178 5525 SH SOLE 5525 0 0
PENN VA RESOURCES PARTNERS L COM 707884102 16 600 SH SOLE 600 0 0
PENNEY J C INC COM 708160106 1 35 SH SOLE 35 0 0
PEPSICO INC COM 713448108 1483 23329 SH SOLE 23329 0 0
PETROLEUM & RES CORP COM 716549100 63 1450 SH SOLE 1450 0 0
PFIZER INC COM 717081103 390 22355 SH SOLE 22355 0 0
PHILIP MORRIS INTL INC COM 718172109 670 13559 SH SOLE 13559 0 0
PHILIP MORRIS INTL INC COM 718172109 5 100 SH DEFINED 100 0 0
PHILIPPINE LONG DIST 718252604 27 500 SH SOLE 500 0 0
PINNACLE BANCSHARES 72345E102 18 1000 SH SOLE 1000 0 0
POWERSHARES QQQ TR 73935A104 2080 46050 SH SOLE 46050 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 954 46100 SH SOLE 46100 0 0
POWERSHARES WATER RESOURCE ETF 73935X575 2 100 SH DEFINED 100 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 926 52975 SH SOLE 52975 0 0
POWERSHARES ETF TRUST INTL DIV ACHV 73935X716 3 200 SH DEFINED 200 0 0
PRAXAIR INC COM 74005P104 31 330 SH SOLE 330 0 0
PRICE T ROWE GROUP INC COM 74144T108 457 8100 SH SOLE 8100 0 0
PROCTER & GAMBLE CO COM 742718109 234 3855 SH SOLE 3855 0 0
PROLOGIS SH BEN INT 743410102 2 38 SH SOLE 38 0 0
PRUDENTIAL FINL INC COM 744320102 38 630 SH SOLE 630 0 0
PSYCHEMEDICS CORP COM NEW 744375205 1 38 SH SOLE 38 0 0
PSYCHIATRIC SOLUTIONS INC COM 74439H108 261 6900 SH SOLE 6900 0 0
PUBLIC SVC ENTERPRISE GROUP COM 744573106 73 1600 SH SOLE 1600 0 0
QUALCOMM INC COM 747525103 1 15 SH SOLE 15 0 0
RAVEN INDS INC COM 754212108 2258 68900 SH SOLE 68800 100 0
RAVEN INDS INC COM 754212108 20 600 SH DEFINED 600 0 0
RAYONIER INC COM 754907103 11 265 SH SOLE 265 0 0
REGIONS FINANCIAL CORP NEW COM 7591EP100 9 800 SH SOLE 800 0 0
RESEARCH IN MOTION LTD COM 760975102 152 1300 SH SOLE 1300 0 0
REYNOLDS AMERICAN INC COM 761713106 3 60 SH SOLE 60 0 0
RIO TINTO PLC SPONSORED ADR 767204100 2 4 SH SOLE 4 0 0
RITE AID CORP COM 767754104 1 900 SH SOLE 900 0 0
ROFIN SINAR TECHNOLOGIES INC COM 775043102 1610 53300 SH SOLE 53300 0 0
ROHM & HAAS CO 775371107 7 155 SH SOLE 155 0 0
ROYAL BANCSHARES OF PENNSYLVANIA 780081105 61 6467 SH SOLE 6467 0 0
ROYAL DUTCH SHELL PLC SPONS ADR A 780259206 1 23 SH SOLE 23 0 0
ROYCE VALUE TR INC PFD STK 5.90% 780910402 16 700 SH SOLE 700 0 0
SPDR S & P 500 INDEX ETF 78462F103 2988 23350 SH SOLE 23350 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 643 7040 SH SOLE 7040 0 0
SPDR S&P OIL & GAS EQUIPMENT& SVCS ETF 78464A748 381 7450 SH SOLE 7450 0 0
ST LAWRENCE ENERGY CORPORATI COM 791120108 0 7 SH SOLE 7 0 0
SANOFI AVENTIS SPONSORED ADR 80105N105 2 55 SH SOLE 55 0 0
SARA LEE CORP COM 803111103 6 520 SH SOLE 520 0 0
SCHERING PLOUGH CORP COM 806605101 30 1500 SH SOLE 1500 0 0
SCHLUMBERGER LTD COM 806857108 21 200 SH SOLE 200 0 0
ESCROW SEAGATE TECH 811804988 1 500 SH SOLE 500 0 0
SEALED AIR CORP NEW COM 81211K100 4 214 SH SOLE 214 0 0
----- ------ ------ --- -
TOTAL FOR PAGE 8 17583 429595 429495 100 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 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
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------ ------ ----
SEARS HLDGS CORP COM 812350106 6 78 SH SOLE 78 0 0
SEMPRA ENERGY COM 816851109 28 500 SH SOLE 500 0 0
SENIOR HSG PPTYS TR SH BEN INT 81721M109 2 100 SH SOLE 100 0 0
SHERWIN WILLIAMS CO COM 824348106 9 200 SH SOLE 200 0 0
SIRIUS SATELLITE RADIO INC COM 82966U103 2 1000 SH SOLE 1000 0 0
SKYWORKS SOLUTIONS INC COM 83088M102 5 500 SH SOLE 500 0 0
SMITH INTERNATIONAL INC 832110100 7 89 SH SOLE 89 0 0
SMUCKER J M CO COM NEW 832696405 1 23 SH SOLE 23 0 0
SOUTHERN CO COM 842587107 45 1300 SH SOLE 1300 0 0
SOUTHWEST AIRLS CO COM 844741108 13 1012 SH SOLE 1012 0 0
SOVEREIGN BANCORP INC COM 845905108 15 2070 SH SOLE 2070 0 0
SPECTRA ENERGY CORP COM 847560109 3 100 SH SOLE 100 0 0
SPHERION CORPORATION 848420105 2 500 SH SOLE 500 0 0
SPICY PICKLE FRANCHISING COM 84844T100 0 500 SH SOLE 500 0 0
SPRINT NEXTEL GROUP COM FON GROUP 852061100 28 2923 SH SOLE 2923 0 0
STAMPS COM INC COM NEW 852857200 1 100 SH SOLE 100 0 0
STARBUCKS CORP COM 855244109 238 15103 SH SOLE 15103 0 0
STRATS TR BOEING SECS STRATS 6% A-1 863110201 9 400 SH SOLE 400 0 0
STRYKER CORP COM 863667101 6 98 SH SOLE 98 0 0
SUBURBAN PROPANE PARTNERS L UNIT LTD
PARTN 864482104 27 700 SH SOLE 700 0 0
SUMMIT FINANCIAL GROUP INC COM 86606G101 13 1000 SH SOLE 1000 0 0
SUN LIFE FINL SVCS CDA INC COM 866796105 136 3321 SH SOLE 3321 0 0
SUN MICROSYSTEMS INC COM NEW 866810203 1 50 SH SOLE 50 0 0
SUNOCO INC 86764P109 4 100 SH SOLE 100 0 0
SUNTRUST BANKS INC 867914103 7 200 SH SOLE 200 0 0
SUPERVALU INC COM 868536103 2 54 SH SOLE 54 0 0
SUSQUEHANNA BANCSHARES INC P COM 869099101 417 30447 SH SOLE 30447 0 0
SYSCO CORP 871829107 1 25 SH SOLE 25 0 0
TARGET CORP COM 87612E106 13 283 SH SOLE 283 0 0
TASER INTL INC COM 87651B104 5 1000 SH SOLE 1000 0 0
TEAM INC 878155100 2144 62500 SH SOLE 62500 0 0
TEAM INC 878155100 27 800 SH DEFINED 800 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 22 1100 SH SOLE 1100 0 0
TERADATA CORPORATION 88076W103 1 30 SH SOLE 30 0 0
TEXAS INSTRS INC COM 882508104 1 46 SH SOLE 46 0 0
THERMO FISHER SCIENTIFIC INC COM 883556102 6 113 SH SOLE 113 0 0
THOMAS & BETTS CORP COM 884315102 91 2400 SH SOLE 2400 0 0
3M CO COM 88579Y101 1319 18948 SH SOLE 18948 0 0
3M CO COM 88579Y101 49 700 SH DEFINED 700 0 0
TIM HORTONS INC COM 88706M103 1927 67200 SH SOLE 66900 300 0
TIM HORTONS INC COM 88706M103 11 400 SH DEFINED 400 0 0
TIME WARNER INC COM 887317105 8 550 SH SOLE 550 0 0
TOTAL S A SPONSORED ADR 89151E109 2 27 SH SOLE 27 0 0
TOWER BANCORP INC COM 891709107 1497 40363 SH SOLE 40363 0 0
TRUMP ENTMT RESORTS INC COM 89816T103 0 1 SH SOLE 1 0 0
TRUMP HOTELS & CASIN 898168109 0 60 SH SOLE 60 0 0
UST INC COM 902911106 27 500 SH SOLE 500 0 0
US BANCORP DEL COM NEW 902973304 1163 41726 SH SOLE 41726 0 0
US BANCORP DEL COM NEW 902973304 3 100 SH DEFINED 100 0 0
U M H PROPERTIES INC COM 903002103 5 600 SH SOLE 600 0 0
UNDER ARMOUR INC CL A 904311107 182 7100 SH SOLE 7000 100 0
---- ------ ------ --- -
TOTAL FOR PAGE 9 9531 309040 308640 400 0
ORRSTOWN BANK
CLIENT NO. 221 SCHEDULE 13F WORKSHEET AS OF 06/30/2008 PAGE 10
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
-------------- -------------- --------- -------- ------- --- ---- ------- -------- ------- ------ ----
UNIT CORP COM 909218109 66 800 SH SOLE 800 0 0
UNITED TECHNOLOGIES CORP COM 913017109 76 1224 SH SOLE 1224 0 0
UNITEDHEALTH GROUP INC COM 91324P102 108 4100 SH SOLE 4100 0 0
UNITEDHEALTH GROUP INC COM 91324P102 3 100 SH DEFINED 100 0 0
VANGUARD HEALTHCARE VIPER ETF 92204A504 358 6750 SH SOLE 6750 0 0
VANGUARD SM CAP VAL VIPER 922908611 76 1300 SH SOLE 1300 0 0
VERIZON COMMUNICATIONS 92343V104 223 6294 SH SOLE 6294 0 0
VERIZON COMMUNICATIONS 92343V104 25 700 SH DEFINED 700 0 0
VIAD CORP COM NEW 92552R406 9 350 SH SOLE 350 0 0
VISA INC COM CL A 92826C839 49 600 SH SOLE 600 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 40 1373 SH SOLE 1373 0 0
VODAFONE GROUP PLC NEW SPONS ADR NEW 92857W209 21 700 SH DEFINED 700 0 0
WI-LAN INC COM 928972108 0 146 SH SOLE 146 0 0
VORNADO RLTY TR PFD G 6.625% 929042802 10 500 SH SOLE 500 0 0
WVS FINL CORP COM 929358109 10 600 SH SOLE 600 0 0
WACHOVIA CORP 2ND NEW COM 929903102 225 14498 SH SOLE 14498 0 0
WAL MART STORES INC COM 931142103 231 4104 SH SOLE 4104 0 0
WALGREEN CO COM 931422109 2 49 SH SOLE 49 0 0
WASHINGTON MUT INC COM 939322103 6 1200 SH SOLE 1200 0 0
WEBSTER FINL CORP CONN COM 947890109 3 142 SH SOLE 142 0 0
WELLPOINT INC COM 94973V107 3 56 SH SOLE 56 0 0
WELLS FARGO & CO NEW COM 949746101 13 565 SH SOLE 565 0 0
WELLS FARGO CAPITAL TRUST IV 94976Y207 10 400 SH SOLE 400 0 0
WEYERHAEUSER CO COM 962166104 7 130 SH SOLE 130 0 0
WHIRLPOOL CORPORATION 963320106 1 15 SH SOLE 15 0 0
WHOLE FOODS MKT INC COM 966837106 0 8 SH SOLE 8 0 0
WILMINGTON TRUST CORP NEW 971807102 32 1200 SH SOLE 1200 0 0
WINDSTREAM CORP COM 97381W104 12 981 SH SOLE 981 0 0
WINDSTREAM CORP COM 97381W104 10 800 SH DEFINED 800 0 0
WYETH COM 983024100 84 1750 SH SOLE 1750 0 0
XCL LTD DEL COM 983701103 0 66 SH SOLE 66 0 0
XCEL ENERGY INC COM 98389B100 249 12400 SH SOLE 12400 0 0
XILINX INC COM 983919101 2 73 SH SOLE 73 0 0
YORK TRADITIONS BANK 987159100 6 6250 SH SOLE 6250 0 0
ZIMMER HLDGS INC COM 98956P102 8 120 SH SOLE 120 0 0
------ ------- ------- ---- -
TOTAL FOR PAGE 10 1978 70344 70344 0 0
GRAND TOTALS 110179 3078497 3077497 1000 0