Posted on Sep 13, 2023
ACNB Corporation was recently recognized, with a ranking of #45, by the Central Penn Business Journal on its annual list of the Fastest Growing Companies in Central Pennsylvania for 2023. This is the sixth consecutive year ACNB Corporation has achieved this recognition.
“The 2023 Fastest Growing Companies have excelled during challenging economic times. These businesses are creative, innovative and know how to overcome hurdles,” said Suzanne Fischer-Huettner, managing director of Central Penn Business Journal/BridgeTower Media. “All of us at the Central Penn Business Journal congratulate this year’s honorees.”
James P. Helt, ACNB Corporation President & Chief Executive Officer, stated, “At ACNB Corporation, the financial holding company for ACNB Bank and ACNB Insurance Services, Inc., our fundamental focus remains to be the independent financial services provider of choice in the communities served throughout our geographic footprint in southcentral Pennsylvania and central Maryland by building relationships and finding solutions. Despite the unusual and unprecedented economic times over the past few years, our organizational longevity — that spans 166 years — is directly attributable to the generations of dedicated staff members that fulfilled, and continue to fulfill, our commitment to customers, shareholders and communities served.”
“Specific to this Fastest Growing Companies recognition is revenue growth, which is a result of ACNB Corporation’s community bank acquisitions in recent years in alignment with our plans for strategic inorganic growth in tandem with ongoing organic growth,” he added. “As for the year 2022, ACNB Corporation completed key strategic initiatives including the acquisition by the insurance subsidiary, ACNB Insurance Services, Inc., of the business and assets of Hockley & O’Donnell Insurance Agency in Gettysburg, PA, and the opening of the new Upper Adams Office in Biglerville, PA, as the banking subsidiary, ACNB Bank, continued its plans for optimization of the community banking network. As in the past five years, ACNB Corporation is truly honored to be recognized for our achievements and is poised for continued progress and growth in the years to come.”
In order to be eligible for consideration in this ranking for 2023, companies were required to show revenue of at least $500,000 in each of the fiscal years ending 2020, 2021 and 2022, as well as revenue growth in 2022, as compared to 2020. Companies headquartered in the Pennsylvania counties of Adams, Cumberland, Dauphin, Franklin, Lancaster, Lebanon, Perry or York were eligible for nomination.
SEK CPAs & Advisors coordinated the ranking formula leading to the recognition of large and small companies according to revenue growth over the three-year period. Including both dollar and percentage revenue increases, this ranking formula resulted in the final list of 50 honorees recognized at a celebration event held at the Sheraton Harrisburg Hershey Hotel, 4650 Lindle Road, Harrisburg, PA, on Tuesday, September 12, 2023, when specific rankings were revealed.
ACNB Corporation, headquartered in Gettysburg, PA, is the independent $2.4 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, and ACNB Insurance Services, 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 26 community banking offices and three loan offices located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster and York and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance 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 and Jarrettsville, MD, and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com.
Fastest Growing Companies is a program of the Central Penn Business Journal and is presented by SEK CPAs & Advisors. For more information about the awards and honorees, please visit CPBJ.com/event/fastest-growing-companies.