ACNB (NASDAQ: ACNB) plans $15M subordinated note redemption

Rhea-AI Filing Summary

ACNB Corporation plans to redeem all of its 4.00% Fixed-to-Floating Rate Subordinated Notes due March 31, 2031. These notes have an aggregate principal amount of $15,000,000 and will be redeemed on March 31, 2026 at 100% of principal plus accrued and unpaid interest.

The company intends to fund the redemption using excess cash on hand and may also issue new fixed-to-floating subordinated notes in an equal aggregate principal amount to replace the redeemed notes.

Insights

Bank capital structure analyst

ACNB is redeeming $15M of subordinated debt and may refinance it.

ACNB Corporation will redeem its 4.00% Fixed-to-Floating Rate Subordinated Notes with an aggregate principal amount of $15,000,000 on March 31, 2026. The redemption price equals 100% of principal plus accrued and unpaid interest, fully retiring this specific issue.

The company plans to use excess cash on hand to fund the payment and may issue new fixed-to-floating subordinated notes in an equal principal amount to replace them. This points to an active management of its subordinated debt while maintaining flexibility to keep similar capital in place.

Actual effects on leverage and interest expense will depend on whether new notes are issued and their terms, including the coupon and structure relative to the redeemed 4.00% notes.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

______________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

______________

Date of Report (Date of earliest event reported): February 27, 2026

ACNB Corporation

(Exact name of Registrant as specified in its charter)

Pennsylvania

1-35015

23-2233457

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification No.)

16 Lincoln Square, Gettysburg, PA						17325
(Address of principal executive offices)						(Zip Code)

717.334.3161

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Securities registered pursuant to Section 12(b) of the Act:

Title Of Each Class			Trading Symbol(s)			Name Of Each Exchange On Which Registered
Common Stock, $2.50 par value per share			ACNB			The NASDAQ Stock Market, LLC

CURRENT REPORT ON FORM 8-K

ITEM 8.01    Other Events

On February 27, 2026, ACNB Corporation (the “Company”) notified holders that the Company will redeem on March 31, 2026 (the “Redemption Date”) all of the Company’s outstanding 4.00% Fixed-to-Floating Rate Subordinated Notes due March 31, 2031, having an aggregate principal amount of $15,000,000 (the “Notes”), in accordance with the terms of the Notes. The total redemption price will be 100% of the aggregate principal amount of the Notes, plus interest accrued and unpaid to the Redemption Date. The Company intends to fund the redemption payment with excess cash on hand and which may include funds raised through the potential issuance of new fixed-to-floating subordinated notes in an equal aggregate principal amount to replace the Notes.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.

									ACNB CORPORATION (Registrant)
Dated:			March 2, 2026						/s/ Kevin J. Hayes
									Kevin J. Hayes
									Senior Vice President/
									General Counsel, Secretary & Chief Governance Officer

FAQ

What did ACNB (ACNB) announce regarding its subordinated notes?

ACNB announced it will redeem all of its 4.00% Fixed-to-Floating Rate Subordinated Notes due March 31, 2031. The notes have an aggregate principal amount of $15,000,000 and will be redeemed at 100% of principal plus accrued and unpaid interest on March 31, 2026.

What is the size and interest rate of ACNB’s notes being redeemed?

The notes being redeemed by ACNB carry a 4.00% fixed-to-floating interest rate and have an aggregate principal amount of $15,000,000. These subordinated notes are scheduled for full redemption at par plus accrued and unpaid interest on the March 31, 2026 redemption date.

When is the redemption date for ACNB’s 4.00% subordinated notes?

ACNB set March 31, 2026 as the redemption date for its 4.00% Fixed-to-Floating Rate Subordinated Notes. On that date, the company will pay 100% of the $15,000,000 aggregate principal amount, plus all interest accrued and unpaid up to the redemption date.

How will ACNB fund the redemption of its subordinated notes?

ACNB intends to fund the redemption primarily with excess cash on hand. The company also states it may raise funds through the potential issuance of new fixed-to-floating subordinated notes in an equal aggregate principal amount to replace the redeemed notes.

What type of securities is ACNB redeeming on March 31, 2026?

ACNB is redeeming its 4.00% Fixed-to-Floating Rate Subordinated Notes due March 31, 2031. These are subordinated debt instruments with a total principal of $15,000,000, and they will be repaid at 100% of principal plus accrued and unpaid interest on the redemption date.

Filing Exhibits & Attachments

3 documents

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 21.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.2 KB