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PRESS RELEASE FOR IMMEDIATE RELEASE ACNB Corporation Contact : Lynda L. Glass EVP / Secretary & Chief Governance Officer 717.339.5085 lglass@acnb.com ACNB CORPORATION HOLDS 2021 ANNUAL MEETING OF SHAREHOLDERS GETTYSBURG , PA , May 6 , 2021 The 2021 Annual Meeting of Shareholders of ACNB Corporation ( NASDAQ : ACNB ) was held on Tuesday , May 4 , in a virtual meeting format only due to the ongoing impact of the Coronavirus Disease 2019 ( COVID - 19 ) pandemic . ACNB Corporation is the financial holding company for the wholly - owned subsidiaries of ACNB Bank , Gettysburg , PA , and Russell Insurance Group , Inc. , Westminster , MD . " 2020 started off strong for ACNB Corporation with the largest acquisition in the Corporation's history with the addition of Frederick County Bancorp , Inc. ( FCBI ) and its wholly - owned subsidiary , Frederick County Bank , in the first quarter . We believe this acquisition enhances and complements our existing Maryland presence and the 2017 acquisition of New Windsor Bancorp , Inc. and New Windsor State Bank in Carroll County , MD . With our operating results over the last five years , ACNB Corporation has successfully executed on our strategy of combining organic growth initiatives with inorganic growth opportunities , ” said James P. Helt , ACNB Corporation President & Chief Executive Officer , during his presentation at the meeting . " Net income for the year ended December 31 , 2020 , totaled $ 18.4 million or $ 2.13 per share . This represents a year - over - year decline of 22.5 % , and was due to two primary factors in 2020 including one- time merger - related expenses associated with the FCBI acquisition of $ 6 million and a higher provision for