EXHIBIT 99
INDEPENDENT ACCOUNTANT'S REPORT
Board of Directors
Orrstown Financial Services, Inc.
Shippensburg, Pennsylvania
We have reviewed the accompanying consolidated balance sheet of Orrstown
Financial Services, Inc. and Subsidiary as of June 30, 2000 and the related
consolidated statements of income for the three and six months ended June 30,
2000 and 1999 and consolidated statements of comprehensive income for the three
and six months ended June 30, 2000 and 1999 and consolidated statements of cash
flows for the six months ended June 30, 2000 and 1999. These financial
statements are the responsibility of the corporation's management.
We conducted our reviews in accordance with standards established by the
American Institute of Certified Public Accountants. A review of interim
financial information consists principally of applying analytical procedures to
financial data and making inquiries of persons responsible for financial and
accounting matters. It is substantially less in scope than an audit conducted in
accordance with generally accepted auditing standards, the objective of which is
the expression of an opinion regarding the consolidated financial statements
taken as a whole. Accordingly, we do not express such an opinion.
Based on our reviews, we are not aware of any material modifications that
should be made to the accompanying consolidated financial statements for them to
be in conformity with generally accepted accounting principles.
/s/ Smith Elliott Kearns & Company, LLC
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SMITH ELLIOTT KEARNS & COMPANY, LLC
Chambersburg, Pennsylvania
August 11, 2000
