Acnb's Business Segments

ACNB Corporation (the Corporation or ACNB) is financial holding company headquartered in Gettysburg, Pennsylvania. Through its banking and nonbanking subsidiaries, ACNB provides a full range of banking and financial services to individuals and businesses, including commercial and retail banking, trust and investment management, and insurance. ACNBs banking operations are conducted through its primary operating subsidiary, ACNB Bank, with twenty-one retail banking offices in Adams, Cumberland, Franklin and York Counties, Pennsylvania, as well as one loan production office in York County, Pennsylvania. The Corporation was formed in 1982, then became the holding company for Adams County National Bank (now ACNB Bank) in 1983.

ACNBs major source of operating funds is dividends that it receives from its subsidiaries. ACNBs expenses consist principally of losses from low-income housing investments and interest paid on a term loan used to purchase RIG. Dividends that ACNB pays to stockholders consist of dividends declared and paid to ACNB by the subsidiary bank.

ACNB and its subsidiaries are not dependent upon a single customer or a small number of customers, the loss of which would have a material adverse effect on the Corporation. ACNB does not depend on foreign sources of funds, nor does it make foreign loans.

The common stock of ACNB is listed on The NASDAQ Capital Market under the symbol ACNB.

ACNB Corporation operates primarily through two distinct reporting segments: the Bank and the Risk Management Group (RIG). Each segment plays a crucial role in the Corporations overall strategy, targeting different aspects of the financial services landscape.

1. Bank Segment

The Bank serves as an independent community financial services provider, catering to a diverse clientele including individuals, businesses, and government entities. This segment encompasses the various traditional banking and financial services offered by the Corporations banking subsidiary.

Core Offerings:

- Depository Services:
- Time Deposits: Customers can invest their savings into fixed-term accounts that offer competitive interest rates.
- Savings Accounts: Interest-bearing accounts designed for personal savings, allowing easy access to funds.
- Demand Deposits: Checking accounts that facilitate day-to-day banking needs, providing liquidity for transactions.

- Loan Products:
- Commercial Loans: Tailored financing solutions for businesses seeking capital for operational expansion, equipment purchases, or working capital.
- Consumer Loans: Personal loans designed for individual borrowers, covering needs like personal expenses, education, and emergencies.
- Mortgage Loans: A range of mortgage products including fixed-rate, adjustable-rate, and home equity loans, assisting clients in home purchases and refinancing.

- Other Financial Services:
- Treasury Management: Services aimed at helping businesses manage their cash flow, including payment processing and liquidity management.
- Merchant Services: Solutions that enable businesses to accept credit and debit card transactions, enhancing their operational capabilities.

- Digital Banking:
- Online banking platforms that provide customers with 24/7 access to their accounts, enabling them to perform transactions, view statements, and manage finances conveniently.

- Financial Advisory and Planning Services:
- Offering expert guidance on financial planning, retirement strategies, and investment options to assist clients in achieving their financial goals.

Branch and ATM Network:
The Bank maintains a network of branches and automated teller machines (ATMs) that provide convenient access to banking services, emphasizing personalized service and community engagement.

Risk Management Group (RIG)

RIG operates separately from the banking segment and is focused on providing comprehensive insurance solutions to both commercial and individual clients. This segment is essential for clients looking to manage risks and protect their assets.

Comprehensive Insurance Products:

- Property and Casualty Insurance:
- Coverage designed for businesses and individuals, protecting against losses related to property damage, liability, and other unforeseen events.

- Life Insurance:
- Life insurance policies that offer financial protection to beneficiaries in the event of the policyholders death, with options including term life and whole life insurance.

- Health Insurance:
- Providing various health insurance plans that cover medical expenses, offering clients peace of mind in managing healthcare costs.

- Specialized Insurance Products:
- Tailored insurance solutions for specific industries or unique client needs, designed to address particular risks associated with those sectors.

RIG’s diverse range of products ensures that clients can find suitable coverage according to their specific requirements, thereby enhancing their overall risk management strategy.

Conclusion

ACNB Corporation exemplifies a multifaceted financial institution, with its Bank segment delivering a wide array of traditional banking services and RIG offering extensive insurance solutions. This dual structure allows the Corporation to meet the varied needs of its clients, from everyday banking needs to comprehensive risk management strategies. Whether through personal banking, business financial services, or insurance offerings, ACNB Corporation is positioned to provide valuable support to its community and clients alike.