GETTYSBURG, Pa., Feb. 06, 2020 (GLOBE NEWSWIRE) -- ACNB Corporation (NASDAQ: ACNB) announced today that Frank “Rusty” Elsner, III, Chairman of the Boards of ACNB Corporation and ACNB Bank, informed the Boards of Directors of ACNB Corporation and ACNB Bank that he will be retiring as Chairman of the Board of both the Corporation and the Bank effective February 15, 2020. Mr. Elsner, however, will continue to serve as a Class 3 Director of the Corporation, Director of the Bank, and Vice Chairman of the Board of Directors of Russell Insurance Group, Inc., the insurance subsidiary of the Corporation.

Mr. Elsner indicated that, due to the demands of his growing business, now was an appropriate time to retire from his Chairman of the Board roles. Mr. Elsner advised that, with the recent and successful acquisition of Frederick County Bancorp, Inc. and its wholly-owned subsidiary, Frederick County Bank, as well as ACNB Corporation’s record 2019 earnings report, he will leave his chair roles with both ACNB Corporation and ACNB Bank in a historically strong strategic and financial position. Mr. Elsner further indicated that he was humbled and honored to have served in this capacity for the past seven years during which time the assets of ACNB Bank doubled.

The Boards of Directors of ACNB Corporation and ACNB Bank have acknowledged and accepted Mr. Elsner’s retirement, and in so doing have elected Alan J. Stock, currently Vice Chairman of the Boards of Directors, to the role of Chairman of the Board of both ACNB Corporation and ACNB Bank effective February 15, 2020. Speaking on behalf of the Boards of Directors, Mr. Stock thanked Mr. Elsner for his commitment and dedication to ACNB Corporation and ACNB Bank during his tenure as Chairman of the Boards. James P. Helt, President & Chief Executive Officer of ACNB Corporation and ACNB Bank, also thanked Mr. Elsner for his board leadership and strategic guidance. Mr. Stock stated that ACNB Corporation is in a very sound strategic and financial position and that he looks forward to working with the Boards of Directors and Mr. Helt in his new roles effective February 15, 2020.

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 with banking and wealth management services, including trust and retail brokerage, via a network of 22 community banking offices, located in the four southcentral Pennsylvania counties of Adams, Cumberland, Franklin and York, as well as loan offices in Lancaster and York, PA, and Hunt Valley, MD. As divisions of ACNB Bank operating in Maryland, FCB Bank and NWSB Bank serve the local marketplace with a network of five and seven community banking offices located in Frederick County and Carroll County, MD, respectively. Russell Insurance Group, Inc., the Corporation’s insurance subsidiary, is a full-service agency with licenses in 44 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, Germantown and Jarrettsville, MD. For more information regarding ACNB Corporation and its subsidiaries, please visit acnb.com.