Posted on Mar 20, 2023
To our valued customers,
ACNB Bank is here for you and we are committed to you, operating as we always have, in a manner that ensures your deposits are safe with us.
While recent news reports have made us all aware that a few banks in the United States and abroad have experienced solvency and capital problems, resulting in either the failure of the bank, requiring direct regulatory involvement, a sale of the bank to a healthier banking institution, or obtaining deposits from bank consortiums consisting of the largest banks in existence for liquidity purposes. The four banks capturing all of the recent headlines are not examples of how local community banks operate. These four banks creating all of the headlines and concerns recently are examples of banks operating with levels of risk that would be viewed as unacceptable to the vast majority of banks, the regulatory agencies, and most definitely by ACNB Bank.
ACNB Bank is a locally managed independent bank with a business risk model and strategy that has proven successful for more than 165 years. ACNB Bank has not only survived, but has thrived through multiple historical periods of challenging times for banks. From the great depression to the great recession, as well as through the recent Covid pandemic, we have remained a safe, sound, reliable bank for our customers, always maintaining appropriate risk management practices to keep our customer’s safe during unsettling times. We want to assure you that the current banking and economic environment is no different in terms of our ability to keep the deposits of our customers safe than it has been over the 165 years we have served our local communities. Let us also assure you that ACNB Bank is a well-diversified community bank that is well-capitalized, highly liquid, and we do not engage in high risk practices with our customer deposits, our assets, or our capital. In addition to being FDIC insured, we have a robust risk-management plan and experienced executive and risk-management teams that constantly review our liquidity, capital and additional sources of funding available to us should the need arise, as well as actively managing our business to avoid unacceptable levels of concentration risk.
We thank you for your trust and confidence in ACNB Bank. We take the responsibility of being a trusted and secure financial partner for you, your family, and your business as our top priority. Please reach out to our team of bankers or your lender if you have any questions.