ACNB Corp. Completes Traditions Bancorp Acquisition: A New Era of Growth

ACNB Corporation (NASDAQ: ACNB) has announced the completion of its strategic acquisition of Traditions Bancorp, Inc. (OTCPink: TRBK), a significant milestone in its growth journey. The acquisition, effective February 1, 2025, brings together two community banking powerhouses, creating one of the largest community banks in Pennsylvania with assets less than $5 billion. This strategic move is expected to enhance ACNB's market presence, expand its product offerings, and drive long-term growth.

The acquisition of Traditions Bancorp aligns perfectly with ACNB Corporation's strategic goals and long-term growth plans. By expanding its presence in the attractive York and Lancaster County markets, ACNB will be better positioned to serve a larger customer base and increase its market share. The acquisition also enhances ACNB Bank's mortgage operations, which will now serve customers throughout its footprint as 'Traditions Mortgage, A Division of ACNB Bank.' This expanded product and service offering, coupled with the familiar faces of Traditions Bank's dedicated local bankers, will enable ACNB to better serve its customers and communities.

The combination of ACNB and Traditions will result in a premier community bank that is locally headquartered, managed, and focused. Based on financial information for each organization as of December 31, 2024, ACNB Corporation will have approximately $3.26 billion in assets, $2.04 billion in deposits, and $2.36 billion in loans. This new entity will serve its customers throughout 35 community banking offices in south central Pennsylvania and northern Maryland.

To ensure a smooth integration and successful customer experience, ACNB has welcomed three former Traditions directors to its Boards of Directors. Eugene J. Draganosky, Elizabeth F. Carson, and John M. Polli bring a wealth of experience, skills, and strong connections to the York and Lancaster market areas. Their expertise will enhance and complement ACNB's current Boards of Directors, further strengthening the combined organization.

ACNB Corporation President & Chief Executive Officer James P. Helt expressed his excitement about the completion of the acquisition, stating, "This combination brings together organizations that are unified by a shared vision, values, and a customer-centric approach to banking, to create an even stronger community bank. Importantly, our customers will benefit from expanded products and services delivered by the familiar faces they have come to know and trust. This merger positions us well to continue to grow in the attractive York and Lancaster County markets, and enhances ACNB Bank’s mortgage operations, which will now serve customers throughout our footprint as ‘Traditions Mortgage, A Division of ACNB Bank.’ Together, we look forward to continuing to deliver on our vision of being the financial services provider of choice in the communities we serve."

Alan J. Stock, Chair of the Board of ACNB, echoed Helt's sentiments, expressing confidence in the combined organization's ability to enhance value for shareholders. The acquisition is expected to create synergies and cost savings through branch consolidation, operational efficiencies, and increased market share. These benefits will be realized in both the short and long term, ultimately enhancing long-term shareholder value.

In conclusion, ACNB Corporation's completion of the Traditions Bancorp acquisition marks a significant milestone in its growth journey. This strategic move aligns with ACNB's long-term growth plans and is expected to enhance its market presence, expand its product offerings, and drive long-term growth. With a strong management team and experienced board members, ACNB is well-positioned to successfully integrate Traditions Bank's customers and employees into the ACNB model, ultimately reinforcing its position as the financial services provider of choice in the communities it serves.