M&A
confidence high
sentiment neutral
materiality 0.70
ACNB completes Traditions acquisition; corrects combined deposits to $2.54B
ACNB CORP
- Acquisition of Traditions Bancorp effective Feb 1, 2025; stockholders received 0.7300 ACNB shares per Traditions share.
- Combined pro forma as of Dec 31, 2024: assets ~$3.26B, deposits ~$2.54B, loans ~$2.36B; 35 branches in PA and MD.
- Three Traditions directors join ACNB boards: Eugene Draganosky, Elizabeth Carson, John Polli.
- Correction from prior press release: deposit amount revised from $2.04B to $2.54B (error corrected).