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 changeSEC 8-K Item 5.02confidence 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.
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.
ACNB CORP completed an acquisition involving Traditions Bancorp, Inc. for 0.7300 shares of ACNB common stock (closed 2025-02-01).
Action
acquisition
Counterparty
Traditions Bancorp, Inc.
Consideration
0.7300 shares of ACNB common stock
Closing
2025-02-01
Exact text from the filing
to the terms and conditions of the Reorganization Agreement, at the effective time of the merger, each share of Traditions common stock was converted into the right to receive 0.7300 shares of ACNB common stock, with an amount in cash, without interest, to be paid in lieu of fractional shares. As a result of the merger, ACNB expects to issue approximately
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