ACNB Corporation Advances Acquisition with Shareholder Approval

On December 18, 2024, ACNB Corporation and Traditions Bancorp, Inc. both received the necessary shareholder approvals to advance their merger plans. Shareholders of ACNB Corporation sanctioned the issuance of ACNB's common stock to the shareholders of Traditions under a July 23, 2024 Agreement and Plan of Reorganization. The merger involves Traditions consolidating into an acquisition subsidiary of ACNB. The approval was overwhelmingly supported by Traditions’ shareholders, capturing 99.5% of the 85.1% of votes cast. The merger aims to enhance synergy, innovation, and customer value creation across both institutions, with an integration envisioned to complete by February 1, 2025, pending all customary conditions. ACNB, with assets of $2.42 billion, operates through numerous community banks and insurance services across Pennsylvania and Maryland, while Traditions Bancorp, with $859 million in assets, provides banking services in York, Lancaster, and Cumberland counties. This corporate strategy is expected to cultivate strength and resilience in an evolving banking landscape, although disclaimers of forward-looking statements emphasize inherent transactional uncertainties.