The 2019 Annual Meeting of Shareholders of ACNB Corporation (NASDAQ: ACNB) was held May 7, at the ACNB Corporation Operations Center, 100 V-Twin Drive, Gettysburg. ACNB Corporation is the financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, and Russell Insurance Group Inc., Westminster, Md.
“2018 was a record financial year in ACNB Corporation’s history with reported net income of $21.7 million, an increase of 122 percent over prior year results. The primary driver of this significant increase in net income was the first full year of combined banking operations and positive momentum experienced following the acquisition of New Windsor Bancorp Inc. and its wholly-owned subsidiary, New Windsor State Bank, effective July 1, 2017. Also contributing to the corporation’s strong 2018 financial performance was enhanced revenue growth attributable to subsidiary activities through both ACNB Bank Wealth Management and Russell Insurance Group Inc.,” said ACNB Corporation President & Chief Executive Officer James P. Helt to the company’s shareholders at the meeting.
“ACNB Corporation remains a strong, profitable and growing organization with a solid foundation in community banking,” Helt said. “A long history of commitment distinguishes ACNB Corporation and its subsidiaries from its competition. Our pledge of commitment is dependent upon people. At ACNB Corporation, we are indeed thankful for the committed people who serve our customers every business day and who provide oversight on our board of directors. Likewise, we are grateful for our shareholders’ continued investment in ACNB Corporation’s future as we pursue our vision to be the independent financial services provider of choice in the core markets served by building relationships and finding solutions.”
During the business portion of the annual meeting, ACNB Corporation’s shareholders approved proposals related to executive compensation and ratification of the selection of RSM US LLP as ACNB Corporation’s independent registered public accounting firm for the fiscal year ending Dec. 31, 2019.
In addition, the ACNB Corporation shareholders elected Todd L. Herring, James J. Lott, J. Emmett Patterson, Marian B. Schultz and James E. Williams as Class 1 Directors to serve for terms of three years. All nominees elected were previously members of the board of directors of ACNB Corporation.
Each member of the corporation’s board also serves on the board of directors for the corporation’s banking subsidiary, ACNB Bank.
ACNB Corporation, headquartered in Gettysburg, is the $1.7 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, and Russell Insurance Group 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 22 community banking offices, located in the four southcentral Pennsylvania counties of Adams, Cumberland, Franklin and York, as well as loan offices in Lancaster and York, and Hunt Valley, Md. As a division of ACNB Bank, NWSB Bank serves its marketplace via a network of seven community banking offices located in Carroll County, Md. Russell Insurance Group Inc., the corporation’s insurance subsidiary, is a full-service agency with licenses in 44 states. The agency offers a broad range of property and casualty, life and health insurance to commercial and individual clients through office locations in Westminster, Germantown and Jarrettsville, Md. For more information regarding ACNB Corporation and its subsidiaries, please visit acnb.com.