In other recent news, ACNB Corporation has disclosed further details about its merger with Traditions Bancorp, Inc., in response to shareholder demands for more transparency. The merger is expected to result in a combined entity with total assets of $3.3 billion, total deposits of $2.6 billion, and total gross loans of $2.4 billion. The additional disclosures include details on the engagement and compensation of financial advisors Piper Sandler and Hovde, who assisted in the merger process. The disclosures also provided unaudited financial forecasts for Traditions and pro forma forecasts for the combined company post-merger.

ACNB Corporation has also declared a Q4 cash dividend of $0.32 per share, representing a 6.7% increase from the previous year’s $0.30 per share. This increase is projected to result in a total payout of approximately $2.7 million to shareholders for the final quarter of 2024. Analyst firm Piper Sandler has maintained a neutral rating on ACNB, albeit with a reduced price target from $40.00 to $37.00, following the company’s Q1 2024 earnings report that revealed earnings per share of $0.80. Lastly, ACNB Corporation has expanded its Board of Directors to 11 members with the recent election of Alexandra Chiaruttini. These are recent developments for ACNB Corporation.

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