M&A Deal Summary

ACNB Bank Acquires Traditions Bank

On July 24, 2024, ACNB Bank acquired financial services company Traditions Bank

Acquisition Highlights
  • This is ACNB Bank’s 3rd transaction in the Financial Services sector.
  • This is ACNB Bank’s 5th transaction in the United States.
  • This is ACNB Bank’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2024-07-24
Target Traditions Bank
Sector Financial Services
Buyer(s) ACNB Bank
Deal Type Add-on Acquisition
Advisor(s) Stephens Investment Banking (Financial)
Pillar+Aught (Legal)

Target

Traditions Bank

York, Pennsylvania, United States
Traditions Bank is a full-service community bank serving businesses, individuals, and community organizations. It operates eight full-service branch offices in York, Hanover, and Lancaster, and a loan production office in Lemoyne, Cumberland County. Traditions Bank was formed in 2002 and is headquartered in York, Pennsylvania.

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Buyer(S) 1

Buyer

ACNB Bank

Gettysburg, Pennsylvania, United States
Category Company
Founded 1857
Sector Financial Services
Employees413
Revenue 106M USD (2023)
DESCRIPTION

ACNB Bank is the financial holding company. ACNB Bank serves its marketplace with banking and trust services via a network of 22 retail banking offices located in the four southcentral Pennsylvania counties of Adams, Cumberland, Franklin and York. ACNB Bank was incorporated in 1857 and is based in Gettysburg, Pennsylvania.

DEAL STATS #
Overall 5 of 5
Sector (Financial Services) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Pennsylvania) 2 of 2
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Hockley & O’Donnell

Gettysburg, Pennsylvania, United States

Hockley & O’Donnell is an independent insurance agency offering a comprehensive suite of insurance solutions to protect from the unexpected. Hockley & O’Donnell is based in Gettysburg, Pennsylvania.

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Legal