10:56 AM EST, 11/12/2024 (MT Newswires) -- ACNB Corp. ( ACNB ) said Tuesday it has received all regulatory approvals required for its proposed all-stock acquisition of OTC-listed Traditions Bancorp.

The Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corp. recently signed off on the deal while the Federal Reserve Bank of Philadelphia granted a waiver, the company said.

Traditions shareholders are scheduled to vote Dec. 18 on the transaction, valued at around $73.5 million based on ACNB's ( ACNB ) share price when the deal was announced July 24. Pending shareholder approval and other customary closing conditions, ACNB ( ACNB ) expects to complete the buyout by Feb. 1.

ACNB ( ACNB ) shares were off 0.7% in recent trading.

Price: 48.80, Change: -0.36, Percent Change: -0.73