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ACNB Corporation and Traditions Bancorp, Inc. Announce Receipt of Shareholder Approvals for Acquisition
ACNBACNB (ACNB) GlobeNewswire News Room·2024-12-19 21:17

Core Points - ACNB Corporation has received shareholder approvals for its acquisition of Traditions Bancorp, marking a significant step in the merger process [1][2] - The acquisition is expected to close on February 1, 2025, pending customary closing conditions [3] Company Overview - ACNB Corporation is a 2.42billionfinancialholdingcompanybasedinGettysburg,PA,withsubsidiariesincludingACNBBankandACNBInsuranceServices,Inc.[4]TraditionsBancorp,Inc.istheholdingcompanyforTraditionsBank,whichhasassetsof2.42 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] Strategic Implications - The acquisition aims to leverage combined strengths, enhance innovation, and deliver greater value to customers and shareholders [3] - Both companies express confidence in the long-term potential of the partnership, aiming to build a stronger community bank [3]