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Exhibit 99.1
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Press Release |
FOR IMMEDIATE RELEASE
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Contact: |
Lynda L. Glass |
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EVP, Secretary & |
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Chief Governance Officer |
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717.339.5085 |
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lglass@acnb.com |
ACNB CORPORATION
ANNOUNCES 2013 EARNINGS
GETTYSBURG, PA, March 6 ACNB Corporation reported net income of $9,315,000 for the year ended December 31, 2013, compared to $8,886,000 for the year ended December 31, 2012, an increase of $429,000 or 5%. Net income on a per share basis amounted to $1.56 for 2013, up from $1.49 for 2012.
Aggregate quarterly cash dividends paid to ACNB Corporation stockholders in 2013 totaled $4,542,000, or $0.76 per share. This is the same per share amount that was paid in both 2012 and 2011.
Total assets of ACNB Corporation at December 31, 2013, were $1.046 billion, a slight decrease from $1.050 billion at December 31, 2012. Total deposits decreased by 4% from the previous year-end to $801 million. Total loans rose by 3% to $729 million, as compared to December 31, 2012. A 5% increase in stockholders equity resulted in an aggregate of $107 million at December 31, 2013.
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 via a network of 19 retail banking offices located throughout Adams County, PA, as well as in Dillsburg, Hanover
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