ACNB Corp., the parent financial holding company of Pennsylvania-based ACNB Bank, completed its acquisition of Pennsylvania-based Traditions Bancorp and its wholly-owned subsidiary, Traditions Bank, on Saturday.
Traditions has become a wholly-owned subsidiary of ACNB Corp. Traditions Bank branches will now operate as Traditions Bank, A Division of ACNB Bank.
The combined business has approximately $3.26 billion in assets, $2.04 billion in deposits and $2.36 billion in loans. It will operate 35 banking locations throughout south central Pennsylvania and northern Maryland.
“This combination brings together organizations that are unified by a shared vision, values, and a customer-centric approach to banking, to create an even stronger community bank,” James P. Helt, ACNB Corp. president and CEO, said. “Importantly, our customers will benefit from expanded products and services delivered by the familiar faces they have come to know and trust.”
Three former Traditions directors have joined the ACNB Corp. and ACNB Bank boards of directors. Eugene J. Draganosky was Traditions Bank’s CEO and board of directors chairman, Elizabeth F. Carson was Traditions lead independent director, and John M. Polli was a member of the Traditions Bank board of directors since its founding in 2002.
ACNB Corp. is also the parent company of ACNB Insurance Services.