ACNB (ACNB) said Monday it purchased Traditions Bancorp, merging its Traditions Bank unit with ACNB Bank.
Traditions stockholders received 0.73 ACNB common shares for every Traditions share they held, the company said.
The companies said in July that they expect the all-stock deal to be valued at $73.5 million.
ACNB said Monday that Traditions directors Eugene J. Draganosky, Elizabeth F. Carson, and John M. Polli have joined its board.
Following the merger, ACNB's total assets stand at $3.26 billion, with deposits of $2.04 billion and loans of $2.36 billion, ACNB said, adding that the company now operates 35 branches in south-central Pennsylvania and northern Maryland.
ACNB shares were down 2% in recent Monday trading.
Price: 40.27, Change: -0.83, Percent Change: -2.02
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。