Acnb Corp (ACNB) SEC Filing 10-K Annual report for the fiscal year ending Wednesday, December 31, 2008

Exhibit 99.1

ACNB CORPORATION

ANNOUNCES 2008 EARNINGS

GETTYSBURG, PA, March 6—ACNB Corporation reported net income of $6,744,000 for the year ended December 31, 2008, compared to $7,937,000 for the year ended December 31, 2007, a decrease of $1,193,000 or 15%.  The decrease in earnings is primarily due to a substantial increase in the provision for loan losses as a result of specific allocations deemed necessary for certain commercial loans, sustained loan growth in recent quarters, and more pronounced uncertainty in prevailing economic conditions.  Net income on a per share basis amounted to $1.13 for 2008 and $1.32 for 2007.  A significant component of the Corporation’s net income is net interest income, which rose 16% to $29,024,000 for the year ended December 31, 2008, in comparison to $25,020,000 for the year ended December 31, 2007.

Commenting on these year-end earnings results, ACNB Corporation President & Chief Executive Officer Thomas A. Ritter said, “ACNB Corporation remains well capitalized by industry standards.  During 2008, we achieved healthy growth in several key areas—including loans, deposits and new business in the Trust & Investment Services area of the Bank.  The accomplishments related to the loan and deposit portfolios contributed to record net interest income in 2008 of over $29 million.”