ACNB Corporation Receives Regulatory Approvals to Acquire Traditions Bancorp, Inc.

Core Viewpoint - ACNB Corporation has received all necessary regulatory approvals for its acquisition of Traditions Bancorp, Inc., with the transaction expected to close on February 1, 2025, pending shareholder approvals [1][2][3]. Group 1: Regulatory Approvals - The Federal Deposit Insurance Corporation and the Pennsylvania Department of Banking and Securities have approved the applications related to the acquisition [2]. - The Federal Reserve Bank of Philadelphia granted ACNB a waiver concerning its merger application requirements [2]. Group 2: Shareholder Meetings - TRBK shareholders will vote on the proposed transaction at a special meeting scheduled for December 18, 2024 [3]. - ACNB shareholders will also vote on the issuance of shares of ACNB common stock in connection with the merger on the same date [3]. Group 3: Company Profiles - ACNB Corporation is a $2.42 billion financial holding company based in Gettysburg, PA, with subsidiaries including ACNB Bank and ACNB Insurance Services, Inc. [4]. - Traditions Bancorp, Inc. is the holding company for Traditions Bank, which has assets of$859 million as of September 30, 2024 [5].