ACNB Corporation (NASDAQ:ACNB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
ITEM 5.02
On June 9, 2020, Richard L. Alloway II, Esquire, a Class 2 Director, submitted his resignation, effective immediately, from the Boards of Directors of ACNB Corporation (the “Corporation”) and ACNB Bank (the “Bank”), the Corporation’s wholly-owned subsidiary. Mr. Alloway has served as a member of the Corporation’s and the Bank’s Boards of Directors since 2015.
The resignation was not the result of any disagreement with the Corporation or the Bank on any matter relating to their operations, policies or practices.
About ACNB Corporation (NASDAQ:ACNB)
ACNB Corporation is a financial holding company. The Company’s banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range of property and casualty, life and health insurance to both commercial and individual clients through its subsidiary, Russell Insurance Group, Inc. (RIG). The Company has two segments: the Bank and RIG. RIG is managed separately from the banking segment, which includes the Bank and related financial services that the Company offers through its banking subsidiary. Through its banking and nonbanking subsidiaries, the Company provides a range of banking and financial services to individuals and businesses, including commercial and retail banking, trust and investment management, and insurance. ACNB Bank is a commercial bank. ACNB Bank’s service delivery channels for its customers include the automated teller machine (ATM) network, customer contact center, online, telephone and mobile banking.
