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Shareholders approve ACNB/Frederick County Bancorp deal

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Shareholders approve ACNB/Frederick County Bancorp deal

At a special meeting of ACNB Corp. shareholders held Dec. 20, shareholders voted to approve the issuance of the company's common shares in relation to the proposed acquisition of Frederick County Bancorp Inc.

Also on Dec. 20, the shareholders of Frederick County voted to approve the merger and the conversion of Frederick County's outstanding common shares immediately prior to the merger into 0.9900 of a share of ACNB common stock.

The deal is expected to have an effective date of Jan. 11, 2020.