Highlights Net income for the year and quarter ended December 31, 2019, totaled $23,721,000 and $5,081,000, respectively.  Basic earnings per share for the year and quarter.

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ACNB is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD. ACNB shareholders voted in favor of the proposal to issue shares of ACNB common stock in connection with the merger.

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ACNB Corporation (ACNB) announced today that Frank “Rusty” Elsner, III, Chairman of the Boards of ACNB Corporation and ACNB Bank, informed the Boards of Directors of ACNB Corporation and ACNB Bank that he will be retiring as Chairman of the Board of both the Corporation and the Bank effective February 15, 2020. Mr. Elsner, however, will continue to serve as a Class 3 Director of the Corporation, Director of the Bank, and Vice Chairman of the Board of Directors of Russell Insurance Group, Inc., the insurance subsidiary of the Corporation.

ACNB Corporation (ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., announced today that, due to the ongoing public health impact of the Coronavirus Disease 2019 (COVID-19) pandemic, the location of ACNB Corporation’s 2020 Annual Meeting of Shareholders has been changed and will be held in a virtual meeting format only. As previously announced, the 2020 Annual Meeting of Shareholders will be held on Tuesday, May 5, 2020, at 1:00 p.m., prevailing time. Further information regarding this change to the location of the 2020 Annual Meeting of Shareholders can be found in the updated notice of meeting filed by ACNB Corporation with the Securities and Exchange Commission on April 6, 2020.

As publicly announced on January 13, 2020, ACNB Corporation acquired Frederick County Bancorp, Inc. and its wholly-owned subsidiary, Frederick County Bank, headquartered in Frederick, MD, effective January 11, 2020, with systems conversions completed in March 2020. Net loss for the three months and quarter ended March 31, 2020, totaled $1,223,000, with basic loss per share of $0.14, primarily due to one-time merger-related expenses of $5,965,000 and a higher provision for loan losses of $4,000,000 as a result of a large unanticipated charge-off of one loan relationship and the potential economic impact of the Coronavirus Disease 2019 (COVID-19) pandemic. Without the nonrecurring expenses related to the acquisition of Frederick County Bancorp, Inc., as well as the corresponding tax impact at the marginal tax rate, net income (non-GAAP) would have been $3,350,000, or $0.40 basic earnings per share, for the quarter ended March 31, 2020.

GETTYSBURG, Pa., Jan. 13, 2020 -- ACNB Corporation (NASDAQ: ACNB), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC-insured community.

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Highlights Net income for the three months ended September 30, 2019, totaled $6,310,000, which is an increase of $271,000 or 4.5% over comparable period results for the three.

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ACNB Corp. has closed a $58 million acquisition of a Frederick bank, continuing its expansion across Maryland. The Gettysburg, Pennsylvania-based parent of ACNB Bank completed the $58 million acquisition of Frederick County Bancorp Inc., the parent of of Frederick County Bank, effective Jan. 11. Frederick County Bank will continue to operate as "FCB Bank, a division of ACNB Bank." Frederick County Bancorp shareholders received 0.99 shares of ACNB common stock for every share of Frederick County Bancorp they owned.

The Board of Directors of ACNB Corporation recently approved and declared the payment of the regular quarterly cash dividend. The cash dividend of $0.25 per share is payable on June 15, 2020, to shareholders of record on June 1, 2020. This per share amount will result in aggregate dividend payments of approximately $2.2 million to ACNB Corporation shareholders in the second quarter of 2020.

ACNB Corporation (ACNB), financial holding company for ACNB Bank and Russell Insurance Group, Inc., has implemented numerous initiatives to support customers in its communities served since the outbreak of the Coronavirus Disease 2019 (COVID-19) pandemic. In addition, drive-up hours have been extended at select community banking office locations.

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The Board of Directors of ACNB Corporation approved and declared the payment of the regular quarterly cash dividend. This per share amount reflects a nearly 9% increase over prior year same quarter and will result in aggregate dividend payments of approximately $2.2 million to ACNB Corporation shareholders in the first quarter of 2020. In comparison to a year ago, ACNB Corporation paid a $0.23 dividend per share in the first quarter of 2019.

ACNB Corporation (ACNB) (“ACNB”), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC insured community bank headquartered in Gettysburg, PA, announced today the receipt of all required regulatory approvals or waivers for ACNB’s proposed acquisition of Frederick County Bancorp, Inc. (FCBI) (“FCBI”) and its wholly-owned subsidiary, Frederick County Bank, headquartered in Frederick, MD.

The 2020 Annual Meeting of Shareholders of ACNB Corporation (ACNB) was held on Tuesday, May 5, in a virtual meeting format as a result of the public health threat associated with the COVID-19 pandemic. ACNB Corporation is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and Russell Insurance Group, Inc., Westminster, MD.

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