ACNB Corporation Announces Completion of Traditions Bancorp, Inc. Acquisition

Core Viewpoint - ACNB Corporation has successfully completed the acquisition of Traditions Bancorp, enhancing its market presence and operational capabilities in Pennsylvania and Maryland [1][4]. Company Overview - ACNB Corporation is a financial holding company headquartered in Gettysburg, PA, with approximately $3.26 billion in assets,$2.04 billion in deposits, and $2.36 billion in loans as of December 31, 2024 [3][5]. - The company operates through its wholly-owned subsidiary, ACNB Bank, which has a network of 35 community banking offices [5]. Acquisition Details - The acquisition of Traditions Bancorp, effective February 1, 2025, involved merging Traditions into a subsidiary of ACNB Corporation and subsequently merging Traditions Bank into ACNB Bank [1]. - Traditions stockholders received 0.7300 shares of ACNB Corporation common stock for each share of Traditions common stock they owned at the closing date [1]. Leadership Changes - Three former directors from Traditions, Eugene J. Draganosky, Elizabeth F. Carson, and John M. Polli, have joined the Boards of Directors of ACNB Corporation and ACNB Bank, bringing extensive banking and business experience [2][4]. Strategic Goals - The merger aims to create a stronger community bank with a shared vision and customer-centric approach, expanding product offerings and enhancing mortgage operations under the name "Traditions Mortgage, A Division of ACNB Bank" [4]. - The acquisition positions ACNB Corporation for growth in the York and Lancaster County markets [4].