ACNB acquires Traditions Bancorp in $73.5M all-stock merger

ACNB CORP

Traditions shareholders receive 0.7300 ACNB shares per share; deal valued at $73.5M or $26.43/share.
Traditions had $859M assets, $738M deposits, $673M loans as of June 30, 2024.
Combined pro forma assets of $3.3B, deposits $2.6B, loans $2.4B; expected close Q1 2025.
Three Traditions directors join ACNB boards; Eugene Draganosky named Vice Chair; Thomas Sposito to lead Traditions Bank division.
Termination fee of $3.0M payable to ACNB under certain conditions; deal includes customary regulatory and shareholder approvals.

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