ACNB Corporation (NASDAQ: ACNB) ("ACNB"), the parent financial holding company of ACNB Bank, a Pennsylvania state-chartered, FDIC insured community bank headquartered in Gettysburg, PA, announced today the execution of a Definitive Agreement whereby New Windsor Bancorp, Inc. (OTCPink: NWID) ("New Windsor") will be merged with and into an ACNB acquisition subsidiary and, as soon as possible thereafter, New Windsor State Bank, New Windsor's wholly-owned subsidiary bank, will merge with and into ACNB Bank. Two directors from New Windsor will join the boards of ACNB and ACNB Bank, respectively, and ACNB Bank will operate in the Maryland market as "New Windsor Bank, a division of ACNB Bank." Thomas A. Ritter, ACNB Corporation President and Chief Executive Officer, stated, "ACNB Corporation has an established tradition of enhancing long-term shareholder value. We view this transaction as part of that tradition. ACNB Corporation was built over the past 150 years by hard-working individuals coming together to effectively compete, grow, and create a better community bank." Frank "Rusty" Elsner, III, ACNB Chairman of the Board, added, "We are very pleased to partner with New Windsor Bancorp, Inc., an organization that shares a similar culture and business philosophy. This new partnership will enable ACNB Corporation to profitably grow in a desirable market that is adjacent to our current footprint. We are also pleased to invite two directors from the New Windsor Bancorp, Inc. and New Windsor State Bank boards of directors to the boards of directors of ACNB Corporation and ACNB Bank. We believe they will provide valuable insight into this new market as we look to successfully execute our strategic plan." Based on the financial results as of September 30, 2016, the combined company would have pro forma total assets of $1.52 billion, total deposits of $1.24 billion, and loans of $1.13 billion. Once the merger is complete, ACNB will have 29 retail banking offices in Pennsylvania and Maryland --- offering a full range of integrated financial services, including banking, trust, brokerage, mortgage and insurance, as well as full-service ATMs. ACNB indicated that since this is a market expansion transaction, many of New Windsor State Bank employees will be retained, specifically in the areas of lending, customer contact and retail.