ACNB completes acquisition of Traditions Bancorp, issuing ~2.04M shares; adds three directors

ACNB CORP

Deal closed Feb 1, 2025; Traditions shareholders received 0.7300 ACNB shares per share of Traditions common.
Combined pro forma: $3.26B assets, $2.04B deposits, $2.36B loans; 35 branches in PA and MD.
Three Traditions directors joined ACNB board: Carson, Draganosky (Vice Chair), and Polli.
Former Traditions CEO Draganosky gets $1.37M severance, $800K life insurance, 18-month non-compete.
ACNB to issue ~2.04M shares; cash for fractional shares at $39.09 per whole ACNB share.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

John M. Polli

Director

ACNB · ACNB CORP

Effective: 2025-02-01
Filed: February 3, 2025, 6:59 PM ET

John M. Polli, former Director of Traditions and Traditions Bank, was appointed as a Class 3 director of ACNB.

Appointed

Elizabeth F. Carson

Director

ACNB · ACNB CORP

Effective: 2025-02-01
Filed: February 3, 2025, 6:59 PM ET

Elizabeth F. Carson, former Lead Independent Director of Traditions and Traditions Bank, was appointed as a Class 2 director of ACNB.

Appointed

Eugene J. Draganosky

Vice Chair of the Board of Directors

ACNB · ACNB CORP

Effective: 2025-02-01
Filed: February 3, 2025, 6:59 PM ET

Eugene J. Draganosky, former Director, Chair of the Board, and CEO of Traditions and Traditions Bank, was appointed as a Class 1 director of ACNB and a Vice Chair of the Board of Directors.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

John M. Polli was appointed as Director at ACNB CORP.

Action: appointed
Role: Director

Exact text from the filing

John M. Polli, former Director of Traditions and Traditions Bank, was appointed as a Class 3 director of ACNB.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Elizabeth F. Carson was appointed as Director at ACNB CORP.

Action: appointed
Role: Director

Exact text from the filing

Elizabeth F. Carson, former Lead Independent Director of Traditions and Traditions Bank, was appointed as a Class 2 director of ACNB.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Eugene J. Draganosky was appointed as Vice Chair of the Board of Directors at ACNB CORP.

Action: appointed
Role: Vice Chair of the Board of Directors

Exact text from the filing

Eugene J. Draganosky, former Director, Chair of the Board, and CEO of Traditions and Traditions Bank, was appointed as a Class 1 director of ACNB and a Vice Chair of the Board of Directors.

View on SEC.gov

ACNB CORP filing history →

Source: SEC EDGAR

accession 0001104659-25-008408

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