Michael Sadowski//April 24, 2015//
Gettysburg-based ACNB Corp., parent company of ACNB Bank, was named to the list for the second year in a row, and Wells Fargo & Co., the bank with the fourth-highest deposit share in the midstate, returned to the list as well.
“Our long-standing commitments to bank safety and soundness and to effective risk management practices have positioned ACNB Corporation among the most consistent and reliable institutions in the banking industry,” said Thomas A. Ritter, president and CEO at ACNB Corp. “Our employees do very good work, and their commitment to excellence is repeated year after year, regardless of prevailing economic conditions.”
To be eligible for the list, a bank must have more than $500 million in assets, have not reported an annual loss for the last 10 years, have consecutive increases in net income per share since 2009 and have its 2014 annual reported net income per share equal to or greater than peak net income per share over the past 10 years.
A total of 25 banking institutions were eligible for the list out of 400 companies screened. That was down from 31 the previous year.
ACNB Corp. trades its shares on the NASDAQ exchange at ACNB. Wells Fargo trades on the New York Stock Exchange at WFC.