Profile: ACNB Corp (ACNB.O)
10 Dec 2013
ACNB Corporation (ACNB) is a financial holding company. Through ACNB’s banking and non-banking subsidiaries, the Company provides a range of banking and financial services to individuals and businesses, including commercial and retail banking, trust and investment management, and insurance. As of December 31, 2011, the Company’s banking operations are conducted through its primary operating subsidiary, ACNB Bank (the Bank), with 19 retail banking offices in Adams, Cumberland and York Counties, as well as two loan production offices in York and Franklin Counties, Pennsylvania. The Company’s Non-Banking Subsidiaries include Russell Insurance Group, Inc. (RIG) and BankersRe Insurance Group, SPC.
ACNB Bank is a full-service commercial bank operating under charter from the Pennsylvania Department of Banking. The Bank's principal market area is Adams County, Pennsylvania, which is located in south-central Pennsylvania. As of December 31, 2011, ACNB Bank had total assets of $989 million, total gross loans of $694 million, and total deposits of $785 million. ACNB Bank's service delivery channels for its customers also include the automated teller machine (ATM) network, customer contact center, and online and telephone banking. Commercial lending includes commercial mortgages, real estate development and construction, accounts receivable and inventory financing, and agricultural loans. Consumer lending programs include home equity loans and lines of credit, automobile and recreational vehicle loans, manufactured housing loans, and personal lines of credit. Mortgage lending programs include personal residential mortgages, residential construction loans, and investment mortgage loans.
RIG is a full-service insurance agency that offers a range of property and casualty, life, and health insurance to both commercial and individual clients. As of December 31, 2011, total assets of RIG totaled $12,571,000. BankersRe Insurance Group, SPC holds an unrestricted Class B Insurer's License under Cayman Islands Insurance Law. The segregated portfolio is engaged in the business of reinsuring credit life and credit accident and disability risks. As of December 31, 2011, total assets of the segregated portfolio totaled $209,000.
16 Lincoln Square,
P O Box 3129
GETTYSBURG PA 17325-0129