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Tanger Factory Outlet Centers, ACNB up in Q2

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An outlet center operator with regional properties and midstate bank holding company have reported earnings for the second quarter.

Both were up over last year.

Tanger Factory Outlet Centers Inc.

North Carolina-based Tanger Factory Outlet Centers Inc., which operates outlet centers in East Lampeter and Derry townships, reported net income available to common shareholders of $18.4 million, or 20 cents per diluted share, compared to $16.7 million, or 18 cents per diluted share, in the second quarter of 2013.

Tanger just opened an outlet center in Charlotte, N.C. It has plans to open another center and expand on four others before the end of the year.

“Strong tenant demand for space provided a tailwind for our business in the first half,” said Steven Tanger, president and CEO.

During the first six months of the year, Tanger executed 320 leases totaling 1.4 million square feet and renewals accounting for 1 million square feet.

Tanger, which has more than 2,900 stores operating in 45 centers in 26 states and in Canada, trades its shares on the New York Stock Exchange under the ticker symbol SKT.

ACNB Corp.

Gettysburg-based ACNB Corp., the holding company for ACNB Bank of Gettysburg and Russell Insurance Group Inc. in Westminster, Md., reported net income of $2.7 million, or 46 cents per diluted share, in the second quarter. That was up from $2.3 million, or 38 cents per diluted share, in the second quarter last year.

Total assets of ACNB Corp. at the end of June were about $1.1 billion, an increase of 2 percent over the year.

ACNB has 20 retail banking offices located in Adams, Cumberland, Franklin and York counties.

Shares are traded on the NASDAQ at the ticker symbol ACNB.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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