ACNB Corporation · Gettysburg, PA United States · (OTC: ACNB)
Company Description
More Companies in: Gettysburg, Pennsylvania
More Companies in These Related Industries: Commercial Banking
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This link will open in a new window Seven score and a few years ago, ACNB Corporation's fathers brought forth a small-town bank. Now ACNB is dedicated to the proposition of being the holding company for Adams County National Bank, operating more than 20 branches in the Gettysburg and Newville areas of Pennsylvania. It is altogether fitting and proper that the bank offers traditional retail banking services. The world may long note and remember that the bank also provides residential mortgage (about 60% of the portfolio), commercial real estate, consumer, and business loans. In addition, ACNB gives a full measure of devotion to insurance products; provides trust services; and hopes that community banking shall not perish from the earth. To read the full description, subscribe now.
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Key ACNB Corporation Financials
| Company Type | Public - OTC: ACNB Headquarters |
| Fiscal Year-End | December |
| 2008 Employees | 269 |
ACNB Corporation Executives
72 executives listed for ACNB Corporation's Gettysburg, PA location.
| Title | Name & Bio | Contact |
| Chairman, ACNB and Adams County National Bank | Ronald Hankey | |
| President, CEO, and Director; President and CEO, Adams County National Bank | Thomas Ritter | |
| EVP, CFO, and Treasurer; SVP, Cashier, and CFO, Adams County National Bank; VP and Treasurer, Russell Insurance Group | David Cathell |
Competition
Competitive Landscape for ACNB Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top ACNB Corporation Competitors
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