ACNB Corp. (ACNB) and Traditions Bancorp, announce the receipt of each of their respective shareholder approvals for ACNB’s proposed acquisition of Traditions. At a special meeting of shareholders held on December 18, 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 At a separate special meeting of shareholders held the same day, Traditions shareholders 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.
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