---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-008408"
form_type: "8-K"
ticker: "ACNB"
cik: "0000715579"
company_name: "ACNB CORP"
filed_at: "2025-02-03T23:59:59+00:00"
generated_at: "2026-05-27T04:18:26.357355+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-25-008408
- form_type: 8-K
- ticker: ACNB
- cik: 0000715579
- company_name: ACNB CORP
- filed_at: 2025-02-03T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/715579/000110465925008408/0001104659-25-008408-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/715579/000110465925008408/tm254970d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-008408
- JSON: https://secwatch.observer/filing/0001104659-25-008408.json
- Plain text: https://secwatch.observer/filing/0001104659-25-008408.txt

## Key facts
- Executive change
  John M. Polli was appointed as Director at ACNB CORP.
  - Action: appointed
  - Role: Director
  source text: John M. Polli, former Director of Traditions and Traditions Bank, was appointed as a Class 3 director of ACNB.
  evidence_url: https://www.sec.gov/Archives/edgar/data/715579/000110465925008408/0001104659-25-008408-index.htm
- Executive change
  Elizabeth F. Carson was appointed as Director at ACNB CORP.
  - Action: appointed
  - Role: Director
  source text: Elizabeth F. Carson, former Lead Independent Director of Traditions and Traditions Bank, was appointed as a Class 2 director of ACNB.
  evidence_url: https://www.sec.gov/Archives/edgar/data/715579/000110465925008408/0001104659-25-008408-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/715579/000110465925008408/0001104659-25-008408-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.