secwatch.observer — SEC 8-K summary
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Issuer:     ACNB CORP (ACNB)
CIK:        0000715579
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001104659-24-082096
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/715579/000110465924082096/0001104659-24-082096-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/715579/000110465924082096/tm2419950d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-082096

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