ACNB Corp. Receives Regulatory Consent for Traditions Bancorp Buyout
ACNB (ACNB) ZACKS·2024-11-14 00:00
ACNB Corp. (ACNB) has obtained requisite regulatory approvals or waivers to acquire Traditions Bancorp, Inc. and its wholly-owned subsidiary, Traditions Bank. The deal was announced in July.The approval has been issued by the Federal Deposit Insurance Corporation and the Pennsylvania Department of Banking and Securities.Details of the Acquisition Pursued by ACNBACNB announced an all-stock transaction worth $73.5 million to acquire Traditions Bancorp, with a termination fee of roughly 4% of the deal value.Tr ...