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Orrstown Financial increases dividend

Shippensburg, Pa.-based Orrstown Financial Services Inc.'s board of directorsapproved a quarterly dividend of 9 cents per common share, according to thecompany's earnings release.

The dividend, payable May 20 to shareholders of record as ofMay 11, is an increase of 1 cent per share compared to the previous quarter.

The company reported first-quarter net income of $2.6 million,or 32 cents per share, compared to net income of $2.5 million, or 30 cents per share,for the first quarter of 2015.