ACNB Corporation Sells Securities Portfolio to Boost Interest Income
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ACNB Corporation sold $74.6 million in lower-yielding agency debt securities, reinvesting $71.1 million into higher-yielding securities. This move aims to increase interest income by $2.6 million over the next year, without affecting stockholders’ equity or book value per share. The news was generated by Public Technologies using AI and is based on ACNB's original content published via EDGAR.
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