Tuesday, February 1, 2022

ACNB in Pennsylvania to buy insurance agency

ACNB Corp. in Gettysburg, Pa., has agreed to buy an insurance agency in Gettysburg. 

The $2.8 billion-asset ACNB said in a press release Tuesday that it will buy Hockley & O’Donnell Insurance Agency. The deal is expected to close in the “near future,” the company said. 

ACNB did not disclose the price it will pay. 

“We are very pleased to have entered into this agreement and look forward to promptly closing this transaction,” James Helt, ACNB’s president and CEO, said in the release. “Hockley & O’Donnell is a leading insurance agency in our home market.” 

ACNB said that, including the acquisition, it expects its insurance unit to product a 30% increase in gross premium dollars in 2022.

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