ACNB Corporation Announces Second Quarter Cash Dividend

GETTYSBURG, Pa., April 23, 2020 (GLOBE NEWSWIRE) -- The Board of Directors of ACNB Corporation recently approved and declared the payment of the regular quarterly cash dividend. The cash dividend of $0.25 per share is payable on June 15, 2020, to shareholders of record on June 1, 2020. This per share amount will result in aggregate dividend payments of approximately $2.2 million to ACNB Corporation shareholders in the second quarter of 2020. In comparison to a year ago, ACNB Corporation also paid a $0.25 dividend per share in the second quarter of 2019. 

“Amidst the unprecedented challenges of the COVID-19 pandemic, the Board of Directors took action to provide ACNB Corporation shareholders with a stable quarterly cash dividend of $0.25 per share, which is the amount paid for five straight quarters beginning in June 2019,” said James P. Helt, ACNB Corporation President & Chief Executive Officer.  “Our long history of shareholder commitment is evident through times of economic downturn and economic growth. This is only possible due to the resiliency of ACNB Corporation through its banking and insurance agency subsidiary operations, which is directly attributable to the dedicated staff members who serve our customers with determination and care each business day.”

With this second quarter dividend, the regular quarterly cash dividends paid to shareholders for the first half of 2020 will total $0.50 per share. This per share amount will result in a total of more than $4.3 million paid to shareholders through the first two quarters of 2020. In comparison to a year ago, ACNB Corporation paid a total of $0.48 per share for the first two quarters of 2019 and an aggregate of more than $3.3 million to shareholders during the same period.

ACNB Corporation, headquartered in Gettysburg, PA, is the $2.2 billion 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 21 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, PA, and Hunt Valley, MD. As divisions of ACNB Bank operating in Maryland, FCB Bank and NWSB Bank serve the local marketplace with a network of five and seven community banking offices located in Frederick County and Carroll County, MD, respectively. 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, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, Germantown and Jarrettsville, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit acnb.com.