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ACNB Corporation reports on its role as the financial holding company for ACNB Bank and ACNB Insurance Services, Inc. Its recurring news centers on community banking results, loan and deposit trends, net interest margin, credit quality, insurance agency activity, wealth management, trust and retail brokerage services, and the completed integration of Traditions Bank and Traditions Mortgage.
Company updates also cover board-approved dividends, special dividends, share repurchase authorizations, capital management, investment securities portfolio actions, and the performance of its banking markets in Pennsylvania and Maryland.
ACNB Corporation held its 2020 Annual Meeting virtually on May 5, addressing performance highlights from 2019. The company achieved record earnings of $23.7 million, a 9% increase from 2018, and expanded into Lancaster, PA with a new loan office. Shareholders approved executive compensation and elected new board members during the meeting. The company also announced plans to acquire Frederick County Bancorp, Inc. and received recognition as one of the Top 50 Fastest Growing Companies in central Pennsylvania. The firm emphasized community support amid the ongoing COVID-19 pandemic.
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