Market Overview

ACNB Corporation Declares Third Quarter Cash Dividend


The Board of Directors of ACNB Corporation approved and declared the
payment of the regular quarterly cash dividend. The cash dividend of
$0.23 per share is payable on September 14, 2018, to shareholders of
record on August 30, 2018. This per share amount reflects a 15% increase
over prior year same quarter and will result in aggregate dividend
payments of more than $1.6 million to ACNB Corporation shareholders in
the third quarter of 2018. In comparison to a year ago, ACNB Corporation
paid a $0.20 dividend per share in the third quarter of 2017.

With this third quarter dividend, the regular quarterly cash dividends
paid to shareholders for the first nine months of 2018 will total $0.66
per share. This per share amount will result in a total of more than
$4.6 million paid to shareholders through the first three quarters of
2018. In comparison to a year ago, ACNB Corporation paid a total of
$0.60 per share for the first three quarters of 2017 and an aggregate of
more than $3.8 million to shareholders during the same period.

"For the second consecutive quarter in 2018, the Board of Directors is
pleased to reward ACNB Corporation's shareholders with a dividend amount
of $0.23 per share," said James P. Helt, ACNB Corporation President &
Chief Executive Officer. "This is a significant commitment and direct
result of the positive momentum experienced following the Corporation's
acquisition of New Windsor Bancorp, Inc. in July 2017, as well as the
benefits of the new corporate tax rate."

"In addition, our banking and insurance operations continue to be
fundamentally strong as we remain focused on short-term and long-term
growth strategies. At this time, building upon our base in Maryland,
geographic expansion efforts are underway through the hiring of
experienced commercial lenders to serve the Maryland counties of
Baltimore and Frederick," Mr. Helt added.

ACNB Corporation, headquartered in Gettysburg, PA, is the financial
holding company for the wholly-owned subsidiaries of ACNB Bank,
Gettysburg, PA, 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. In addition, NWSB Bank, a division of ACNB Bank, serves its
marketplace via a network of seven community banking offices located in
Carroll County, MD. The other wholly-owned subsidiary of ACNB
Corporation is Russell Insurance Group, Inc., its insurance subsidiary.
As a full-service agency with licenses in 44 states, Russell Insurance
Group, Inc. offers a broad range of commercial and personal insurance
lines through offices in Westminster, Carroll County, and Germantown,
Montgomery County, MD. On June 30, 2018, total assets of ACNB
Corporation were $1.6 billion. For more information regarding ACNB
Corporation and its subsidiaries, please visit

FORWARD-LOOKING STATEMENTS - In addition to historical information,
this press release may contain forward-looking statements. Examples of
forward-looking statements include, but are not limited to, (a)
projections or statements regarding future earnings, expenses, net
interest income, other income, earnings or loss per share, asset mix and
quality, growth prospects, capital structure, and other financial terms,
(b) statements of plans and objectives of management or the Board of
Directors, and (c) statements of assumptions, such as economic
conditions in the Corporation's market areas. Such forward-looking
statements can be identified by the use of forward-looking terminology
such as "believes", "expects", "may", "intends", "will", "should",
"anticipates", or the negative of any of the foregoing or other
variations thereon or comparable terminology, or by discussion of
strategy. Forward-looking statements are subject to certain risks and
uncertainties such as local economic conditions, competitive factors,
and regulatory limitations. Actual results may differ materially from
those projected in the forward-looking statements. Such risks,
uncertainties and other factors that could cause actual results and
experience to differ from those projected include, but are not limited
to, the following: the effects of governmental and fiscal policies, as
well as legislative and regulatory changes; the effects of new laws and
regulations, specifically the impact of the Tax Cuts and Jobs Act and
the Dodd-Frank Wall Street Reform and Consumer Protection Act; impacts
of the new capital and liquidity requirements of the Basel III
standards; the effects of changes in accounting policies and practices,
as may be adopted by the regulatory agencies, as well as the Financial
Accounting Standards Board and other accounting standard setters;
ineffectiveness of the business strategy due to changes in current or
future market conditions; future actions or inactions of the United
States government, including the effects of short- and long-term federal
budget and tax negotiations and a failure to increase the government
debt limit or a prolonged shutdown of the federal government; the
effects of economic deterioration and the prolonged
malaise on current customers, specifically the effect of the economy on
loan customers' ability to repay loans; the effects of competition, and
of changes in laws and regulations on competition, including industry
consolidation and development of competing financial
products and
services; the risks of changes in interest rates on the level and
composition of deposits, loan demand, and the values of loan collateral,
securities, and interest rate protection agreements, as well as interest
rate risks; difficulties in acquisitions and integrating and operating
acquired business operations, including information technology
difficulties; challenges in establishing and maintaining operations in
new markets; the effects of technology changes; volatilities in the
securities markets; the effect of general economic conditions and more
specifically in the Corporation's market area; the failure of
assumptions underlying the establishment of reserves for loan losses and
estimations of values of collateral and various financial assets and
liabilities; acts of war or terrorism; disruption of credit and equity
markets; the ability to manage current levels of impaired assets; the
loss of certain key officers; the ability to maintain the value and
image of the Corporation's brand and protect the Corporation's
intellectual property rights; continued relationships with major
customers; and, potential impacts to the Corporation from continually
evolving cybersecurity and other technological risks and attacks,
including additional costs, reputational damage, regulatory penalties,
and financial losses. We caution readers not to place undue reliance on
these forward-looking statements. They only reflect management's
analysis as of this date. The Corporation does not revise or update
these forward-looking statements to reflect events or changed
circumstances. Please carefully review the risk factors described in
other documents the Corporation files from time to time with the SEC,
including the Annual Reports on Form 10-K and Quarterly Reports on Form
Please also carefully review any Current Reports on Form
8-K filed by the Corporation with the SEC.

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