The takeover boosts ACNB Insurance Services’ gross premium dollars by nearly 30%. Credit: Cytonn Photography on Unsplash

ACNB Corporation, through its unit ACNB Insurance Services, has finalised the deal to buy business and assets of Hockley & O’Donnell Insurance Agency.

Financial terms of the transaction were not revealed.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The takeover of Gettysburg, Pennsylvania-based Hockley boosts ACNB Insurance Services’ gross premium dollars by nearly 30%.

The acquired entity has been rebranded as ACNB Insurance Services, with effect from 1 January of this year.

This deal strengthens ACNB Insurance Services’ reach in the greater Adams County, Pennsylvania.

It is said to be ACNB Insurance Services’ most recent purchase of a “book of insurance business”.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Commenting on the deal, ACNB Corporation president and CEO James Helt said: “It is our intent to leverage this acquisition for increased synergies and revenue across both the insurance and banking subsidiaries. 

“For ACNB Corporation shareholders, this means further value and return on their investment as we execute plans for strategic growth and solidify our position as the financial services provider of choice in the core markets served.”

ACNB Insurance Services caters to both personal and commercial clients, providing them health, life, property, casualty, as well as disability insurance services.

The firm has licences in 44 states, with offices in Westminster, Germantown and Jarrettsville, Maryland, and Gettysburg.

In 2005, ACNB Corporation snapped up Maryland’s Russell Insurance Group.

Since then, the agency bolstered its reach through takeovers as well as organic growth.