ACNB Corporation and Traditions Bancorp, Inc. Announce Receipt of Shareholder Approvals for Acquisition
ACNB Corporation and Traditions Bancorp, Inc. Announce Receipt of Shareholder Approvals for Acquisition
GETTYSBURG, Pa., Dec. 19, 2024 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) ("ACNB"), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC insured community bank headquartered in Gettysburg, PA and Traditions Bancorp, Inc. (OTC Pink: TRBK) ("Traditions") and its wholly-owned subsidiary, Traditions Bank, headquartered in York, PA are pleased to announce the receipt of each of their respective shareholder approvals for ACNB's proposed acquisition of Traditions.
賓夕法尼亞州蓋茨堡,2024年12月19日(全球新聞通訊社)-- ACNb公司(納斯達克:ACNB)("ACNB"),是ACNb銀行的母金融控股公司, ACNb銀行是一家在蓋茨堡,賓夕法尼亞州設立的、受到FDIC保險的社區銀行,以及Traditions Bancorp, Inc.(場外交易粉色:TRBK)("Traditions")及其全資子公司Traditions Bank,總部位於賓夕法尼亞州約克,欣然宣佈已獲得各自股東對ACNB擬收購Traditions的批准。
At a special meeting of shareholders held on December 18, 2024, ACNB shareholders approved the issuance of shares of ACNB common stock to Traditions shareholders as part of the acquisition pursuant to an Agreement and Plan of Reorganization dated July 23, 2024 (the "Agreement"). At a separate special meeting of shareholders held the same day, Traditions shareholders overwhelmingly approved and adopted the Agreement and the merger of Traditions with and into an acquisition subsidiary of ACNB Corporation, with the approval of 99.5% of the 85.1% of outstanding Traditions shares that were voted.
在2024年12月18日舉行的特別股東會議上,ACNb的股東批准向Traditions的股東發行ACNb普通股作爲收購的一部分,依據2024年7月23日簽署的《協議和重組計劃》("協議")。在同一天舉行的另一場特別股東會議上,Traditions的股東以99.5%的贊成率壓倒性地批准並採納了協議以及Traditions與ACNb公司的收購子公司的合併,該合併獲得了85.1%投票的Traditions股份的批准。
James P. Helt, President and CEO of ACNB Corporation commented, "We are thrilled to announce that our shareholders have approved our issuance of common stock for this momentous transaction, marking the beginning of an exciting new chapter for our company. This strategic acquisition will allow us to leverage our combined strengths, enhance innovation and deliver even greater value to our customers, shareholders, employees alike."
ACNb公司的總裁兼首席執行官詹姆斯·P·赫爾特評論道:"我們非常高興地宣佈我們的股東已批准我們爲這一重要交易而發行的普通股,這標誌着我們公司一個激動人心的新篇章的開始。這一戰略收購將使我們能夠充分利用我們合併的優勢,提升創新能力,併爲我們的客戶、股東和員工提供更大的價值。"
Eugene J. Draganosky, Chair of the Board & Chief Executive Officer of Traditions commented, "Today's approval by our shareholders underscores the confidence they have in the long-term potential of this partnership. Together, we are building a stronger, more resilient community bank poised to lead in a rapidly evolving industry. We are excited about the future and the opportunities this transaction will create."
Traditions的董事會主席兼首席執行官尤金·J·德拉甘諾斯基評論道:"今天我們股東的批准凸顯了他們對這項合作長期潛力的信心。我們共同致力於建設一家更強大、更具韌性的社區銀行,準備在快速發展的行業中引領潮流。我們對未來和此次交易將創造的機會感到激動。"
The acquisition and related transactions with the companies' banking subsidiaries are expected to close with an effective date of February 1, 2025, subject to fulfilment of other customary closing conditions.
與公司的銀行子公司的收購及相關交易預計將在2025年2月1日生效,前提是滿足其他慣常的交易完成條件。
About ACNB Corporation
關於ACNb公司
ACNB Corporation, headquartered in Gettysburg, PA, is the independent $2.42 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 27 community banking offices and two loan offices located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster and York and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster and Jarrettsville, MD, and Gettysburg, PA.
ACNb公司總部位於賓夕法尼亞州蓋茨堡,是ACNb銀行(蓋茨堡,賓夕法尼亞州)及ACNb保險服務公司(威斯敏斯特,馬里蘭州)完全擁有的$24.2億的獨立金融控股公司。ACNb銀行成立於1857年,爲其市場提供銀行和财富管理服務,包括通過位於賓夕法尼亞州亞當斯、坎伯蘭、富蘭克林、蘭卡斯特和約克縣以及馬里蘭州巴爾的摩、卡羅爾和弗雷德裏克縣的27家社區銀行辦公室和兩家貸款辦公室提供信託和零售券商服務。ACNb保險服務公司是一家擁有46個州許可證的全方位保險代理機構。該代理機構通過位於威斯敏斯特和賈雷茨維爾,馬里蘭州,以及蓋茨堡,賓夕法尼亞州的辦公室,爲個人和商業客戶提供廣泛的財產、意外、健康、人壽和殘疾保險。
About Traditions Bancorp, Inc.
關於Traditions Bancorp公司
Traditions Bancorp, Inc. is the holding company for Traditions Bank, a PA state-chartered community bank with its Administrative Headquarters located at 226 Pauline Drive in York, PA. As of September 30, 2024, assets stood at $859 million.
Traditions Bancorp, Inc.是Traditions Bank的控股公司,這是一家在賓夕法尼亞州註冊的社區銀行,行政總部位於賓夕法尼亞州約克市保利娜驅動226號。截至2024年9月30日,資產總額爲85900萬美元。
Following a strong set of Core Values, Traditions Bank is committed to providing creative solutions and personalized experiences that foster successful business and personal relationships. With six retail branches in York County, two retail branches in Lancaster County, and a loan production office in Cumberland County, plus extensive technology-based delivery channels, Traditions Bank offers exquisite customer service in the areas of Personal Banking, Commercial Banking, and Residential Mortgage Services.
遵循一套強大的核心價值觀,Traditions Bank致力於提供創造性的解決方案和個性化的體驗,以促進成功的商業和個人關係。Traditions Bank在約克縣擁有六個零售分行,在蘭開斯特縣有兩個零售分行,並在坎伯蘭縣設有一個貸款生產辦公室,加上廣泛的基於科技的交付渠道,Traditions Bank在個人銀行、商業銀行和住宅抵押貸款服務領域提供卓越的客戶服務。
Caution Regarding Forward-Looking Statements
Caution Regarding Forward-Looking Statements
The information presented herein may contain forward-looking statements. These forward-looking statements include, but are not limited to, statements about (i) the benefits of the proposed merger between ACNB and Traditions, (ii) ACNB's and Traditions's plans, obligations, expectations and intentions, and (iii) other statements presented herein that are not historical facts. Words such as "anticipates", "believes", "intends", "should", "expects", "will" and variations of similar expressions are intended to identify forward-looking statements. These statements are based on the beliefs of the respective managements of ACNB and Traditions as to the expected outcome of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, and degree of occurrence. Results and outcomes may differ materially from what may be expressed or forecasted in forward-looking statements. Factors that could cause results and outcomes to differ materially include, among others, the ability to obtain required Traditions and ACNB shareholder approvals and meet other closing conditions to the transaction; the ability to complete the merger as expected and within the expected timeframe; disruptions to customer and employee relationships and business operations caused by the merger; the ability to implement integration plans associated with the transaction, which integration may be more difficult, time-consuming or costly than expected; the ability to achieve the cost savings and synergies contemplated by the merger within the expected timeframe, or at all; changes in local and national economies, or market conditions; changes in interest rates; regulations and accounting principles; changes in policies or guidelines; loan demand and asset quality, including real estate values and collateral values; deposit flow; the impact of competition from traditional or new sources; and, the other factors detailed in ACNB's publicly-filed documents, including its Annual Report on Form 10-K for the year ended December 31, 2023, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2024, June 30, 2024 and September 30, 2024, and its other filings with the SEC. The forward-looking statements only speak as of the date hereof. ACNB and Traditions assume no obligation to revise, update or clarify forward-looking statements to reflect events or conditions after the date of this press release.
此信息可能包含前瞻性聲明。這些前瞻性聲明包括但不限於關於(i) ACNb與Traditions之間擬議合併的好處,(ii) ACNb和Traditions的計劃、義務、期望和意圖,及(iii) 本文中呈現的其他非歷史事實的聲明。諸如 "預期"、"相信"、"打算"、"應該"、"期待"、"將"以及類似表達的變體旨在識別前瞻性聲明。這些聲明基於ACNb和Traditions各自管理層對未來事件預期結果的信念,並不保證未來表現。這些聲明涉及某些風險、不確定性和假設,難以預測發生的時間、範圍和程度。結果和結果可能與前瞻性聲明中可能表達或預測的內容 materially 不同。可能導致結果和結果明顯不同的因素包括,但不限於,獲得所需的Traditions和ACNb股東批准及滿足交易的其他關閉條件的能力;按預期在預期時間內完成合並的能力;因合併導致的客戶和員工關係與業務運營中斷;實施與交易相關的整合計劃的能力,該整合可能比預期更困難、耗時或昂貴;在預計時間內或根本無法實現合併所考慮的成本節約和協同效應的能力;地方和國家經濟或市場狀況的變化;利率的變化;法規和會計原則的變化;政策或指導方針的變化;貸款需求和資產質量,包括房地產價值和抵押品價值;存款流動;來自傳統或新來源的競爭影響;以及ACNB公開提交的文件中詳細列出的其他因素,包括截至2023年12月31日的年度報告(Form 10-k),2024年3月31日、2024年6月30日和2024年9月30日季度報告(Form 10-Q)及SEC的其他文件。前瞻性聲明僅在此日期發言。ACNb與Traditions不承擔修訂、更新或澄清前瞻性聲明以反映本新聞稿日期之後事件或條件的任何義務。
ACNB #2024-19
ACNb #2024-19
Contact: | Kevin J. Hayes SVP/General Counsel, Secretary, and Chief Governance Officer 717.339.5085 khayes@acnb.com |
聯繫: | 凱文·J·海斯 高級副總裁/總法律顧問, 秘書及首席治理官 717.339.5085 khayes@acnb.com |
譯文內容由第三人軟體翻譯。