09:52 AM EST, 02/03/2025 (MT Newswires) -- ACNB ( ACNB ) said Monday it purchased Traditions Bancorp, merging its Traditions Bank unit with ACNB Bank.

Traditions stockholders received 0.73 ACNB ( 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 ( 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 ( ACNB ) total assets stand at $3.26 billion, with deposits of $2.04 billion and loans of $2.36 billion, ACNB ( ACNB ) said, adding that the company now operates 35 branches in south-central Pennsylvania and northern Maryland.

ACNB ( ACNB ) shares were down 2% in recent Monday trading.

Price: 40.27, Change: -0.83, Percent Change: -2.02