ACNB Corporation Reports 2020 Second Quarter Financial Results
Effective January 11, 2020, ACNB Corporation obtained Frederick County Bancorp, Inc. (FCBI) and its totally-owned subsidiary, Frederick County Bank, founded in Frederick, MD, with systems conversions finished in March 2020. This transaction resulted within the addition of $443,425,000 in property, $329,312,000 in loans, $374,058,000 in deposits, $22,528,000 in goodwill, and $57,280,000 in fairness to ACNB Corporation’s stability sheet. ACNB Corporation replied to, and maintains to address, the impact of the COVID-19 pandemic with a centered and responsive plan to meet the desires of the Corporation’s clients and groups, as well as to maintain a high stage of operational overall performance even as protective valued body of workers contributors. Net profits for the 3 months ended June 30, 2020, totaled $5,797,000, which is a decrease of $669,000 or 10.4% over comparable length results for the 3 months ended June 30, 2019. Net profits for the six months ended June 30, 2020, totaled $four...