ACNB Corporation announced on November 12, 2024, that it has received all required regulatory approvals or waivers for its proposed acquisition of Traditions Bancorp, Inc. and its subsidiary, Traditions Bank.
Approvals were granted by the Federal Deposit Insurance Corporation and the Pennsylvania Department of Banking and Securities. The Federal Reserve Bank of Philadelphia also issued a waiver regarding its merger application requirements.
Traditions Bancorp, Inc. reported assets of $859 million as of September 30, 2024. Shareholder votes for both ACNB and Traditions are scheduled for December 18, 2024, with the transaction expected to close on February 1, 2025, subject to these approvals and other customary closing conditions.
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