ACNB Corporation and Traditions Bancorp, Inc. announced on December 19, 2024, that their respective shareholders approved the proposed acquisition. The approvals were granted at special meetings held on December 18, 2024.
ACNB shareholders approved the issuance of common stock to Traditions shareholders as part of the acquisition. Traditions shareholders overwhelmingly approved the merger, with 99.5% of the 85.1% of outstanding shares voted in favor.
This milestone confirms the strong support for the transaction from both companies' investor bases. The acquisition and related banking subsidiary transactions are expected to close with an effective date of February 1, 2025, pending the fulfillment of other customary closing conditions.
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