MIL-OSI: ACNB Corporation Reports 2025 Second Quarter Financial Results

Source: GlobeNewswire (MIL-OSI)

GETTYSBURG, Pa., July 24, 2025 (GLOBE NEWSWIRE) — ACNB Corporation (NASDAQ: ACNB) (“ACNB” or the “Corporation”), financial holding company for ACNB Bank and ACNB Insurance Services, Inc., announced net income of $11.6 million, or $1.11 diluted earnings per share, for the three months ended June 30, 2025 compared to net income of $11.3 million, or $1.32 diluted earnings per share, for the three months ended June 30, 2024 and compared to net loss of $272 thousand, or $0.03 diluted loss per share, for the three months ended March 31, 2025. Financial results for the three months ended March 31, 2025 were impacted by two discrete items that were related to the acquisition of Traditions Bancorp, Inc. (“Traditions”) (“Acquisition”): a provision for credit losses on non-purchase credit deteriorated (“PCD”) loans of $4.2 million, net of taxes, and merger-related expenses, net of taxes, totaling $6.2 million.

2025 Second Quarter Highlights

Fully taxable equivalent (“FTE”) net interest margin was 4.21% for the three months ended June 30, 2025 compared to 4.07% for the three months ended March 31, 2025 and 3.82% for the three months ended June 30, 2024.
Return on average assets was 1.43% and return on average equity was 11.96% for the three months ended June 30, 2025.
Total loans were $2.34 billion at June 30, 2025, an increase of $19.6 million, or 0.8%, from March 31, 2025, or 3.4% on an annualized basis.
Tangible common equity to tangible assets ratio¹ of 9.65% at June 30, 2025 compared to 9.33% at March 31, 2025 and 9.84% at June 30, 2024. The net unrealized loss on the available for sale securities portfolio was $36.2 million at June 30, 2025 compared to a net unrealized loss of $39.7 million at March 31, 2025 and a net unrealized loss of $52.7 million at June 30, 2024.
As announced on Form 8-K on July 23, 2025, the Board of Directors approved and declared a regular quarterly cash dividend of $0.34 per share of ACNB Corporation common stock for the second quarter, reflecting a $0.02, or 6.3%, increase over the same period of 2024.
ACNB repurchased 71,592 shares of ACNB common stock in open market transactions during the three months ended June 30, 2025. On June 18, 2025, the Corporation announced that the Board of Directors approved a plan to repurchase, in open market transactions at prevailing market prices, up to 314,000 shares or approximately 3.0%, of the outstanding shares of ACNB’s common stock.

“We are pleased to share strong results for the second quarter of 2025 which reflect our first full quarter of combined operations including Traditions Bank, a division of ACNB Bank. After completing the acquisition in early February of this year, we are excited to share that we have successfully completed our system conversion enabling all ACNB Bank customers to bank at any convenient location,” said James P. Helt, ACNB Corporation President and Chief Executive Officer.

“Our financial results reflect our continued commitment to our community banking business model and to generating long term shareholder value. The quarter was represented by strong profitability, an increase in quarter over quarter net loan growth, stable asset quality and an active capital management strategy supported by a $0.34 second quarter dividend payment and continued open market share repurchases.”

Mr. Helt continued, “As we look to the remainder of the year, we are focused on managing through the uncertain national economic challenges by continuing to diversify our revenue streams with ACNB Insurance Services, our Wealth Management teams and Traditions Mortgage. We are optimistic that our strong capital position, ample liquidity, superior asset quality metrics and our focus on profitability will enable us to deliver on our commitment to our many different stakeholders.”

ACNB’s financial results for any periods ended prior to February 1, 2025 reflect ACNB on a standalone basis. As a result, ACNB’s financial results for the three months ended June 30, 2025 may not be directly comparable to prior reported periods.

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¹ Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document.

Net Interest Income and Margin

Net interest income for the three months ended June 30, 2025 totaled $31.0 million, an increase of $10.0 million from the three months ended June 30, 2024 and an increase of $3.9 million from the three months ended March 31, 2025. The increases were driven primarily by the Acquisition. The FTE net interest margin for the three months ended June 30, 2025 was 4.21%, a 39 basis points increase from the three months ended June 30, 2024 and a 14 basis points increase from the three months ended March 31, 2025. The accretion impact of acquisition accounting adjustments on loans and deposits from the Acquisition was $2.2 million and $1.5 million for the three months ended June 30, 2025 and the three months ended March 31, 2025, respectively. The following discussion of increases in average balances and yields compared to the previous periods were driven primarily by the Acquisition. For the three months ended June 30, 2025, total average loans increased $678.7 million and $217.1 million compared to the three months ended June 30, 2024 and the three months ended March 31, 2025, respectively. The yield on total loans was 6.29% for the three months ended June 30, 2025, an increase of 76 basis points compared to the three months ended June 30, 2024 and an increase of 21 basis points from the three months ended March 31, 2025. For the three months ended June 30, 2025, total average interest- bearing deposits increased $613.8 million from the three months ended June 30, 2024 and increased $203.0 million from the three months ended March 31, 2025. The average rate paid on interest-bearing deposits was 1.49% for the three months ended June 30, 2025, an increase of 70 basis points from the three months ended June 30, 2024 and an increase of 11 basis points from the three months ended March 31, 2025. For the three months ended June 30, 2025, total average noninterest-bearing demand deposits increased $78.0 million from the three months ended June 30, 2024 and increased $50.4 million from the three months ended March 31, 2025.

Noninterest Income

Noninterest income for the three months ended June 30, 2025 was $8.7 million, an increase of $2.3 million from the three months ended June 30, 2024 and an increase of $1.5 million from the three months ended March 31, 2025. Gain from mortgage loans held for sale for the three months ended June 30, 2025 was $1.6 million, an increase of $1.5 million from the three months ended June 30, 2024 and an increase of $720 thousand from the three months ended March 31, 2025. Insurance commissions for the three months ended June 30, 2025 were $2.9 million, an increase of $161 thousand from the three months ended June 30, 2024 driven primarily by timing of policy renewals and new business and an increase of $761 thousand from the three months ended March 31, 2025 driven primarily by seasonally stronger policy renewals and an increase in contingent commission income during the three months ended June 30, 2025 for contingent commissions earned in 2024. Service charges on deposits were $1.2 million, an increase of $158 thousand from the three months ended June 30, 2024 and an increase of $85 thousand from the three months ended March 31, 2025 driven primarily by the Acquisition.

Noninterest Expense

Noninterest expense for the three months ended June 30, 2025 increased $9.0 million from the three months ended June 30, 2024 and decreased $4.0 million from the three months ended March 31, 2025. Merger-related expenses totaled $1.9 million for the three months ended June 30, 2025 compared to $23 thousand for the three months ended June 30, 2024 and $8.0 million for the three months ended March 31, 2025. Salaries and employee benefits expense increased $3.3 million during the three months ended June 30, 2025 compared to the three months ended June 30, 2024 and increased $832 thousand compared to three months ended March 31, 2025 driven primarily by an increased number of employees attributable to the Acquisition, merit increases and higher mortgage commissions. Net occupancy increased $286 thousand for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 driven primarily by the Acquisition and decreased $165 thousand compared to the three months ended March 31, 2025 driven primarily by lower snow removal costs. Equipment expense increased $969 thousand for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 and increased $259 thousand compared to the three months ended March 31, 2025 driven primarily by the Acquisition and the implementation of new additional products into our core processing system. Other tax decreased $136 thousand for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 and decreased $307 thousand compared to the three months ended March 31, 2025 driven primarily by earned income tax credits recognized in the period. Intangible assets amortization increased $826 thousand during the three months ended June 30, 2025 compared to the three months ended June 30, 2024 and increased $284 thousand compared to the three months ended March 31, 2025 driven by the Acquisition. Other increased $1.5 million for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 and increased $1.0 million compared to the three months ended March 31, 2025 driven primarily by the Acquisition, earned income tax related donations, and higher internet banking services.

Loans and Asset Quality

Total loans outstanding were $2.34 billion at June 30, 2025, an increase of $19.6 million from March 31, 2025 and an increase of $662.2 million from June 30, 2024. The growth from March 31, 2025 was spread across real estate construction, commercial and industrial, home equity lines of credit and residential mortgage. The increase compared to June 30, 2024 was spread across all loan categories and was driven primarily by the Acquisition. The allowance for credit losses was $24.4 million at June 30, 2025, a decrease of $293 thousand compared to March 31, 2025 and an increase of $7.2 million compared to June 30, 2024. The decrease compared to March 31, 2025 was driven primarily by the incorporation of post-COVID lower credit loss history in the bank’s allowance for credit losses model. The increase compared to June 30, 2024 was driven primarily by the Acquisition. The allowance for unfunded commitments was $1.5 million at June 30, 2025, a decrease of $354 thousand compared to March 31, 2025 and an increase of $219 thousand compared to June 30, 2024. The decrease compared to March 31, 2025 was driven primarily by the incorporation of post-COVID lower credit loss history in the bank’s allowance for unfunded commitments model and lower commitments. The increase compared to June 30, 2024 was driven primarily by the Acquisition.

Non-performing loans were $10.1 million, or 0.43%, of total loans, net of unearned income, at June 30, 2025 compared to $10.0 million, or 0.43%, of total loans at March 31, 2025 and $3.1 million, or 0.19%, of total loans at June 30, 2024. The increase in non-performing loans at June 30, 2025 compared to June 30, 2024 was driven primarily by one long-standing commercial relationship in the healthcare industry, comprised of both owner-occupied commercial real estate and commercial and industrial loans, that moved into non-performing loan status during 2024 and by the Acquisition. Annualized net charge-offs for the three months ended June 30, 2025 were 0.01% of total average loans compared to 0.01% for the three months ended March 31, 2025 and 0.00% for the three months ended June 30, 2024.

Deposits and Borrowings

Deposits totaled $2.52 billion at June 30, 2025, a decrease of $15.5 million from March 31, 2025 and an increase of $686.0 million from June 30, 2024. Included in total deposits at June 30, 2025 were $568.3 million of noninterest-bearing deposits, which increased $5.6 million and $88.6 million from March 31, 2025 and June 30, 2024, respectively. Total interest-bearing deposits were $1.96 billion at June 30, 2025 a decrease of $21.1 million from March 31, 2025 and an increase of $597.4 million from June 30, 2024. The decrease from March 31, 2025 was driven primarily by the withdrawal of a significant 1031 Exchange deposit held on behalf of a commercial customer. Time deposits, included in interest-bearing deposits, increased $3.3 million and $225.0 million since March 31, 2025 and June 30, 2024, respectively. In June 2025, ACNB Bank issued $20.0 million in brokered time deposits to partially offset the 1031 Exchange deposit withdrawal and the maturity of a $5.0 million brokered deposit during the quarter. The overall increase in total deposits compared to June 30, 2024 was driven primarily by the Acquisition.

Total borrowings were $298.4 million at June 30, 2025, a decrease of $1.1 million and $5.9 million compared to March 31, 2025 and June 30, 2024, respectively.

Stockholders’ Equity

Total stockholders’ equity was $395.2 million at June 30, 2025 compared to $386.9 million at March 31, 2025 and $289.3 million at June 30, 2024. The increase at June 30, 2025 compared to March 31, 2025 was driven primarily by net income of $11.6 million slightly offset by dividends paid of $3.5 million and common stock repurchased of $3.1 million for the three months ended June 30, 2025. The increase at June 30, 2025 compared to June 30, 2024 was driven primarily by the common stock equity issued in the Acquisition.

Tangible book value¹ per share was $29.30, $28.23 and $27.82 at June 30, 2025, March 31, 2025 and June 30, 2024, respectively.

ACNB repurchased 71,592 shares of ACNB common stock in open market transactions during the three months ended June 30, 2025. On June 18, 2025, the Corporation announced that the Board of Directors approved a plan to repurchase, in open market transactions at prevailing market prices, up to 314,000 shares or approximately 3.0%, of the outstanding shares of ACNB’s common stock. This new common stock open market repurchase plan replaces and supersedes any and all earlier announced repurchase plans. There were no shares repurchased under this plan during the three months ended June 30, 2025.

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¹ Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document.

About ACNB Corporation

ACNB Corporation, headquartered in Gettysburg, PA, is the independent $3.26 billion financial holding company for the wholly-owned subsidiaries of ACNB Bank, Gettysburg, PA, including its operating divisions Traditions Bank and Traditions Mortgage, and ACNB Insurance Services, Inc., Westminster, MD. Originally founded in 1857, ACNB Bank serves its marketplace with banking and wealth management services, including trust and retail brokerage, via a network of 33 community banking offices and one loan office located in the Pennsylvania counties of Adams, Cumberland, Franklin, Lancaster and York, and the Maryland counties of Baltimore, Carroll and Frederick. ACNB Insurance Services, Inc. is a full-service insurance agency with licenses in 46 states. The agency offers a broad range of property, casualty, health, life and disability insurance serving personal and commercial clients through office locations in Westminster, MD and Gettysburg, PA. For more information regarding ACNB Corporation and its subsidiaries, please visit investor.acnb.com.

SAFE HARBOR AND FORWARD-LOOKING STATEMENTS – Should there be a material subsequent event prior to the filing of the Quarterly Report on Form 10-Q with the Securities and Exchange Commission, the financial information reported in this press release is subject to change to reflect the subsequent event. In addition to historical information, this press release may contain forward-looking statements. Examples of forward-looking statements include, but are not limited to, (a) projections or statements regarding future earnings, expenses, net interest income, other income, earnings or loss per share, asset mix and quality, growth prospects, capital structure, and other financial terms, (b) statements of plans and objectives of Management or the Board of Directors, and (c) statements of assumptions, such as economic conditions in the Corporation’s market areas. Such forward-looking statements can be identified by the use of forward-looking terminology such as “believes”, “expects”, “may”, “intends”, “will”, “should”, “anticipates”, or the negative of any of the foregoing or other variations thereon or comparable terminology, or by discussion of strategy. Forward-looking statements are subject to certain risks and uncertainties such as national, regional and local economic conditions, competitive factors, and regulatory limitations. Actual results may differ materially from those projected in the forward-looking statements. Such risks, uncertainties, and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: short-term and long-term effects of inflation and rising costs on the Corporation, customers and economy; banking instability caused by bank failures and financial uncertainty of various banks which may adversely impact the Corporation and its securities and loan values, deposit stability, capital adequacy, financial condition, operations, liquidity, and results of operations; effects of governmental and fiscal policies, as well as legislative and regulatory changes; effects of new laws and regulations (including laws and regulations concerning taxes, banking, securities and insurance) and their application with which the Corporation and its subsidiaries must comply; impacts of the capital and liquidity requirements of the Basel III standards; effects of changes in accounting policies and practices, as may be adopted by the regulatory agencies, as well as the Financial Accounting Standards Board and other accounting standard setters; ineffectiveness of the business strategy due to changes in current or future market conditions; future actions or inactions of the United States government, including the effects of short-term and long-term federal budget and tax negotiations and a failure to increase the government debt limit or a prolonged shutdown of the federal government; effects of economic conditions particularly with regard to the negative impact of any pandemic, epidemic or health-related crisis and the responses thereto on the operations of the Corporation and current customers, specifically the effect of the economy on loan customers’ ability to repay loans; effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; inflation, securities market and monetary fluctuations; risks of changes in interest rates on the level and composition of deposits, loan demand, and the values of loan collateral, securities, and interest rate protection agreements, as well as interest rate risks; difficulties in acquisitions and integrating and operating acquired business operations, including information technology difficulties; challenges in establishing and maintaining operations in new markets; effects of technology changes; effects of general economic conditions and more specifically in the Corporation’s market areas; failure of assumptions underlying the establishment of reserves for credit losses and estimations of values of collateral and various financial assets and liabilities; acts of war or terrorism or geopolitical instability; disruption of credit and equity markets; ability to manage current levels of impaired assets; loss of certain key officers; ability to maintain the value and image of the Corporation’s brand and protect the Corporation’s intellectual property rights; continued relationships with major customers; and, potential impacts to the Corporation from continually evolving cybersecurity and other technological risks and attacks, including additional costs, reputational damage, regulatory penalties, and financial losses. Management considers subsequent events occurring after the balance sheet date for matters which may require adjustment to, or disclosure in, the consolidated financial statements. The review period for subsequent events extends up to and including the filing date of the Corporation’s consolidated financial statements when filed with the SEC. Accordingly, the financial information in this announcement is subject to change. We caution readers not to place undue reliance on these forward-looking statements. They only reflect Management’s analysis as of this date. The Corporation does not revise or update these forward-looking statements to reflect events or changed circumstances. Please carefully review the risk factors described in other documents the Corporation files from time to time with the SEC, including the Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. Please also carefully review any Current Reports on Form 8-K filed by the Corporation with the SEC.

ACNB #2025-10
July 24, 2025

ACNB Corporation Financial Highlights Selected Financial Data by Respective Quarter End (Unaudited)

(Dollars in thousands, except per share data)	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
BALANCE SHEET DATA
Total Assets	$	3,259,528		$	3,270,041		$	2,394,830		$	2,420,914		$	2,457,753
Investment securities		520,758			521,306			459,472			483,604			483,868
Total loans, net of unearned income		2,341,816			2,322,209			1,682,910			1,677,112			1,679,600
Allowance for credit losses		(24,353	)		(24,646	)		(17,280	)		(17,214	)		(17,162	)
Deposits		2,524,541			2,540,009			1,792,501			1,791,317			1,838,588
Allowance for unfunded commitments		1,529			1,883			1,394			1,349			1,310
Borrowings		298,395			299,531			271,159			293,091			304,286
Stockholders’ equity		395,151			386,883			303,273			306,755			289,331
INCOME STATEMENT DATA
Interest and dividend income	$	41,576		$	36,290		$	27,381		$	27,241		$	26,869
Interest expense		10,564			9,200			6,269			6,299			5,905
Net interest income		31,012			27,090			21,112			20,942			20,964
(Reversal of) provision for credit losses		(228	)		5,968			249			81			(2,990	)
(Reversal of) provision for unfunded commitments		(354	)		(480	)		44			40			(259	)
Net interest income after (reversal of) provisions for credit losses and unfunded commitments		31,594			21,602			20,819			20,821			24,213
Noninterest income		8,682			7,184			5,803			6,833			6,427
Noninterest expenses		25,366			29,335			18,388			18,244			16,391
Income (loss) before income taxes		14,910			(549	)		8,234			9,410			14,249
Income tax expense (benefit)		3,262			(277	)		1,639			2,206			2,970
Net income (loss)	$	11,648		$	(272	)	$	6,595		$	7,204		$	11,279
PROFITABILITY RATIOS
Total loans, net of unearned income to deposits		92.76	%		91.43	%		93.89	%		93.62	%		91.35	%
Return on average assets (annualized)		1.43			(0.04	)		1.08			1.17			1.86
Return on average equity (annualized)		11.96			(0.31	)		8.57			9.63			16.12
Efficiency ratio¹		56.21			60.13			63.83			60.56			58.61
FTE Net interest margin		4.21			4.07			3.81			3.77			3.82
Yield on average earning assets		5.64			5.45			4.93			4.90			4.89
Yield on investment securities		2.95			2.91			2.58			2.59			2.65
Yield on total loans		6.29			6.08			5.61			5.56			5.53
Cost of funds		1.50			1.45			1.19			1.19			1.12
PER SHARE DATA
Diluted earnings (loss) per share	$	1.11		$	(0.03	)	$	0.77		$	0.84		$	1.32
Cash dividends paid per share		0.34			0.32			0.32			0.32			0.32
Tangible book value per share¹		29.30			28.23			29.51			29.90			27.82
CAPITAL RATIOS²
Tier 1 leverage ratio		10.97	%		11.81	%		12.52	%		12.46	%		12.25	%
Common equity tier 1 ratio		13.96			13.65			16.27			16.07			15.78
Tier 1 risk based capital ratio		14.17			13.86			16.56			16.36			16.07
Total risk based capital ratio		15.75			15.45			18.36			18.15			17.86
CREDIT QUALITY
Net charge-offs to average loans outstanding (annualized)		0.01	%		0.01	%		0.04	%		0.01	%		0.00	%
Total non-performing loans to total loans, net of unearned income³		0.43			0.43			0.40			0.39			0.19
Total non-performing assets to total assets⁴		0.31			0.32			0.30			0.29			0.14
Allowance for credit losses to total loans, net of unearned income		1.04			1.06			1.03			1.03			1.02

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¹ Non-GAAP financial measure. Please refer to the calculation on the page titled “Non-GAAP Reconciliation” at the end of this document.
² Regulatory capital ratios as of June 30, 2025 are preliminary.
³ Non-performing Loans consists of loans on nonaccrual status and loans greater than 90 days past due and still accruing interest.
⁴ Non-performing Assets consists of Non-performing Loans and Foreclosed assets held for resale.

Consolidated Statements of Condition (Unaudited)
(Dollars in thousands, except per share data)	June 30, 2025			March 31, 2025			June 30, 2024
ASSETS
Cash and due from banks	$	32,834		$	23,422		$	26,681
Interest-bearing deposits with banks		70,275			100,141			59,593
Total Cash and Cash Equivalents		103,109			123,563			86,274
Equity securities with readily determinable fair values		936			933			919
Investment securities available for sale, at estimated fair value		455,317			455,819			418,364
Investment securities held to maturity, at amortized cost (fair value $56,420, $56,219 and $57,026)		64,505			64,554			64,585
Loans held for sale		16,455			21,413			1,801
Total loans, net of unearned income		2,341,816			2,322,209			1,679,600
Less: Allowance for credit losses		(24,353	)		(24,646	)		(17,162	)
Loans, net		2,317,463			2,297,563			1,662,438
Premises and equipment, net		31,581			32,398			25,760
Right of use asset		4,657			5,440			2,278
Restricted investment in bank stocks		13,533			13,560			11,853
Investment in bank-owned life insurance		96,104			98,814			80,841
Investments in low-income housing partnerships		814			846			940
Goodwill		64,449			64,449			44,185
Intangible assets, net		24,694			25,835			8,446
Foreclosed assets held for resale		32			438			406
Other assets		65,879			64,416			48,663
Total Assets	$	3,259,528		$	3,270,041		$	2,457,753

LIABILITIES AND STOCKHOLDERS’ EQUITY
Deposits:
Noninterest-bearing	$	568,301		$	562,700		$	479,726
Interest-bearing		1,956,240			1,977,309			1,358,862
Total Deposits		2,524,541			2,540,009			1,838,588
Short-term borrowings		43,041			44,188			48,974
Long-term borrowings		255,354			255,343			255,312
Lease liability		4,946			5,790			2,278
Allowance for unfunded commitments		1,529			1,883			1,310
Other liabilities		34,966			35,945			21,960
Total Liabilities		2,864,377			2,883,158			2,168,422

Stockholders’ Equity:
Preferred Stock, $2.50 par value; 20,000,000 shares authorized; no shares outstanding at June 30, 2025, March 31, 2025 and June 30, 2024		—			—			—
Common stock, $2.50 par value; 20,000,000 shares authorized; 11,017,121, 11,011,051, and 8,934,495 shares issued; 10,478,149, 10,543,671, and 8,545,629 shares outstanding at June 30, 2025, March 31, 2025 and June 30, 2024, respectively		27,539			27,521			22,330
Treasury stock, at cost; 538,972, 467,380, and 388,866 at June 30, 2025, March 31, 2025, and June 30, 2024, respectively		(17,167	)		(14,309	)		(11,101	)
Additional paid-in capital		178,553			178,011			98,230
Retained earnings		239,077			230,978			226,271
Accumulated other comprehensive loss		(32,851	)		(35,318	)		(46,399	)
Total Stockholders’ Equity		395,151			386,883			289,331
Total Liabilities and Stockholders’ Equity	$	3,259,528		$	3,270,041		$	2,457,753

Consolidated Income Statements (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
(Dollars in thousands, except per share data)		2025			2024			2025			2024
INTEREST AND DIVIDEND INCOME
Loans, including fees
Taxable	$	36,555		$	22,675		$	68,231		$	44,145
Tax-exempt		317			313			609			632
Investment securities:
Taxable		3,283			2,665			6,185			5,576
Tax-exempt		283			284			571			568
Dividends		307			248			647			488
Other		831			684			1,623			1,434
Total Interest and Dividend Income		41,576			26,869			77,866			52,843
INTEREST EXPENSE
Deposits		7,284			2,643			13,280			4,803
Short-term borrowings		341			304			635			643
Long-term borrowings		2,939			2,958			5,849			5,840
Total Interest Expense		10,564			5,905			19,764			11,286
Net Interest Income		31,012			20,964			58,102			41,557
(Reversal of) provision for credit losses		(228	)		(2,990	)		5,740			(2,767	)
(Reversal of) provision for unfunded commitments		(354	)		(259	)		(834	)		(410	)
Net Interest Income after (Reversal of) Provisions for Credit Losses and Unfunded Commitments		31,594			24,213			53,196			44,734
NONINTEREST INCOME
Insurance commissions		2,908			2,747			5,055			4,862
Service charges on deposits		1,179			1,021			2,273			2,012
Wealth management		1,090			1,069			2,150			2,031
Gain from mortgage loans held for sale		1,575			34			2,430			82
ATM debit card charges		905			841			1,736			1,660
Earnings on investment in bank-owned life insurance		627			493			1,207			970
Gain on life insurance proceeds		31			—			285			—
Net gains on sales or calls of investment securities		22			—			22			69
Net gains (losses) on equity securities		3			1			17			(9	)
Other		342			221			691			417
Total Noninterest Income		8,682			6,427			15,866			12,094
NONINTEREST EXPENSES
Salaries and employee benefits		13,693			10,426			26,554			21,594
Equipment		2,539			1,570			4,819			3,299
Net occupancy		1,277			991			2,719			2,121
Professional services		743			529			1,320			1,145
FDIC and regulatory		435			348			836			723
Other tax		220			356			747			726
Intangible assets amortization		1,141			315			1,998			636
Merger-related		1,943			23			9,974			23
Other		3,375			1,833			5,734			3,786
Total Noninterest Expenses		25,366			16,391			54,701			34,053
Income Before Income Taxes		14,910			14,249			14,361			22,775
Income tax expense		3,262			2,970			2,985			4,728
Net Income	$	11,648		$	11,279		$	11,376		$	18,047
PER SHARE DATA
Basic earnings	$	1.11		$	1.32		$	1.12		$	2.12
Diluted earnings	$	1.11		$	1.32		$	1.12		$	2.12
Weighted average shares basic		10,451,469			8,502,268			10,130,666			8,497,686
Weighted average shares diluted		10,487,519			8,540,706			10,157,331			8,526,177

Average Balances, Income and Expenses, Yields and Rates

	Three months ended June 30, 2025								Three months ended March 31, 2025											Three months ended December 31, 2024											Three months ended September 30, 2024											Three months ended June 30, 2024
(Dollars in thousands)	Average Balance			Interest¹			Yield/ Rate		Average Balance			Interest¹						Yield/ Rate		Average Balance			Interest¹						Yield/ Rate		Average Balance			Interest¹						Yield/ Rate		Average Balance			Interest¹						Yield/ Rate
ASSETS
Loans:
Taxable	$	2,296,429		$	36,555		6.38	%	$	2,080,231		$	31,676					6.18	%	$	1,619,245		$	23,294					5.72	%	$	1,618,879		$	23,108					5.68	%	$	1,612,380		$	22,675					5.66	%
Tax-exempt		58,903			401		2.73			57,969			370					2.59			57,683			366					2.52			62,401			394					2.51			64,276			396					2.48
Total Loans²		2,355,332			36,956		6.29			2,138,200			32,046					6.08			1,676,928			23,660					5.61			1,681,280			23,502					5.56			1,676,656			23,071					5.53
Investment Securities:
Taxable		482,933			3,590		2.98			447,986			3,242					2.93			431,338			2,786					2.57			441,135			2,868					2.59			442,390			2,913					2.65
Tax-exempt		54,261			358		2.65			54,659			365					2.71			54,453			359					2.62			54,549			359					2.62			54,644			359					2.64
Total Investments³		537,194			3,948		2.95			502,645			3,607					2.91			485,791			3,145					2.58			495,684			3,227					2.59			497,034			3,272					2.65
Interest-bearing deposits with banks		77,348			831		4.31			73,181			792					4.39			60,104			728					4.82			48,794			670					5.46			50,851			684					5.41
Total Earning Assets		2,969,874			41,735		5.64			2,714,026			36,445					5.45			2,222,823			27,533					4.93			2,225,758			27,399					4.90			2,224,541			27,027					4.89
Cash and due from banks		25,610								20,603											20,413											21,684											21,041
Premises and equipment		32,019								29,903											25,679											25,716											25,903
Other assets		255,624								224,522											181,180											184,105											187,937
Allowance for credit losses		(24,615	)							(19,939	)										(17,153	)										(17,147	)										(20,124	)
Total Assets	$	3,258,512							$	2,969,115										$	2,432,942										$	2,440,116										$	2,439,298
LIABILITIES
Interest-bearing demand deposits	$	612,812		$	514		0.34	%	$	573,341				$	524		0.37		%	$	519,833				$	511		0.39		%	$	518,368				$	552		0.42		%	$	513,163				$	275		0.22		%
Money markets		536,755			2,706		2.02			447,297					1,984		1.80				251,781					747		1.18				246,653					692		1.12				248,191					613		0.99
Savings deposits		342,327			27		0.03			331,103					27		0.03				315,512					34		0.04				318,291					26		0.03				327,274					30		0.04
Time deposits		473,589			4,037		3.42			410,749					3,461		3.42				268,559					1,987		2.94				258,053					1,842		2.84				263,045					1,725		2.64
Total Interest-Bearing Deposits		1,965,483			7,284		1.49			1,762,490					5,996		1.38				1,355,685					3,279		0.96				1,341,365					3,112		0.92				1,351,673					2,643		0.79
Short-term borrowings		44,515			341		3.07			38,721					294		3.08				23,087					12		0.21				38,666					204		2.10				37,256					304		3.28
Long-term borrowings		255,347			2,939		4.62			257,558					2,910		4.58				255,326					2,978		4.64				255,316					2,983		4.65				255,305					2,958		4.66
Total Borrowings		299,862			3,280		4.39			296,279					3,204		4.39				278,413					2,990		4.27				293,982					3,187		4.31				292,561					3,262		4.48
Total Interest-Bearing Liabilities		2,265,345			10,564		1.87			2,058,769					9,200		1.81				1,634,098					6,269		1.53				1,635,347					6,299		1.53				1,644,234					5,905		1.44
Noninterest-bearing demand deposits		563,321								512,966											464,949											477,350											485,351
Other liabilities		39,271								36,934											27,887											29,946											28,348
Stockholders’ Equity		390,575								360,446											306,008											297,473											281,365
Total Liabilities and Stockholders’ Equity	$	3,258,512							$	2,969,115										$	2,432,942										$	2,440,116										$	2,439,298
Taxable Equivalent Net Interest Income					31,171										27,245											21,264											21,100											21,122
Taxable Equivalent Adjustment					(159	)									(155	)										(152	)										(158	)										(158	)
Net Interest Income				$	31,012									$	27,090										$	21,112										$	20,942										$	20,964
Cost of Funds							1.50	%									1.45		%									1.19		%									1.19		%									1.12		%
FTE Net Interest Margin							4.21	%									4.07		%									3.81		%									3.77		%									3.82		%

_______________¹ Income on interest-earning assets has been computed on a fully taxable equivalent (FTE) basis using the 21% federal income tax statutory rate.
² Average balances include non-accrual loans and are net of unearned income.
³ Average balances of investment securities is computed at fair value.

Average Balances, Income and Expenses, Yields and Rates

	Six months ended June 30, 2025								Six months ended June 30, 2024
(Dollars in thousands)		Average Balance			Interest¹		Yield/ Rate			Average Balance			Interest¹		Yield/ Rate
ASSETS
Loans:
Taxable	$	2,188,852		$	68,231		6.29	%	$	1,592,745		$	44,145		5.57	%
Tax-exempt		58,438			771		2.66			65,050		800			2.47
Total Loans²		2,247,290			69,002		6.19			1,657,795		44,945			5.45
Investment Securities:
Taxable		465,556			6,832		2.96			454,928		6,064			2.68
Tax-exempt		54,459			723		2.68			54,692		719			2.64
Total Investments³		520,015			7,555		2.93			509,620		6,783			2.68
Interest-bearing deposits with banks		75,276			1,623		4.35			52,504		1,434			5.49
Total Earning Assets		2,842,581			78,180		5.55			2,219,919		53,162			4.82
Cash and due from banks		23,120								20,790
Premises and equipment		30,967								26,051
Other assets		240,235								187,458
Allowance for credit losses		(22,290	)							(20,044	)
Total Assets	$	3,114,613							$	2,434,174
LIABILITIES
Interest-bearing demand deposits	$	593,185		$	1,038		0.35	%	$	512,932		$	540		0.21	%
Money markets		492,273			4,690		1.92			248,244			1,149		0.93
Savings deposits		336,746			54		0.03			331,244			58		0.04
Time deposits		442,343			7,498		3.42			253,763			3,056		2.42
Total Interest-Bearing Deposits		1,864,547			13,280		1.44			1,346,183			4,803		0.72
Short-term borrowings		41,634			635		3.08			42,170			643		3.07
Long-term borrowings		256,447			5,849		4.60			252,004			5,840		4.66
Total Borrowings		298,081			6,484		4.39			294,174			6,483		4.43
Total Interest-Bearing Liabilities		2,162,628			19,764		1.84			1,640,357			11,286		1.38
Noninterest-bearing demand deposits		538,282								485,999
Other liabilities		38,109								27,626
Stockholders’ Equity		375,594								280,192
Total Liabilities and Stockholders’ Equity	$	3,114,613							$	2,434,174
Taxable Equivalent Net Interest Income					58,416								41,876
Taxable Equivalent Adjustment					(314	)							(319	)
Net Interest Income				$	58,102							$	41,557
Cost of Funds							1.48	%							1.07	%
FTE Net Interest Margin							4.14	%							3.79	%

_______________
¹ Income on interest-earning assets has been computed on a fully taxable equivalent basis (FTE) using the 21% federal income tax statutory rate.
² Average balances include non-accrual loans and are net of unearned income.
³ Average balances of investment securities is computed at fair value.

Non-GAAP Reconciliation

Note: The Corporation has presented the following non-GAAP financial measures because it believes that these measures provide useful and comparative information to assess trends in the Corporation’s results of operations and financial condition. These non-GAAP financial measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in the Corporation’s industry. Investors should recognize that the Corporation’s presentation of these non- GAAP financial measures might not be comparable to similarly-titled measures of other corporations. These non-GAAP financial measures should not be considered a substitute for GAAP basis measures, and the Corporation strongly encourages a review of its condensed consolidated financial statements in their entirety.

	Three Months Ended
(Dollars in thousands, except per share data)	June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024			June 30, 2024
Tangible book value per share
Stockholders’ equity	$	395,151		$	386,883		$	303,273		$	306,755		$	289,331
Less: Goodwill and intangible assets		(89,143	)		(90,284	)		(52,023	)		(52,327	)		(52,631	)
Tangible common stockholders’ equity (numerator)	$	306,008		$	296,599		$	251,250		$	254,428		$	236,700
Shares outstanding, less unvested shares, end of period (denominator)		10,442,269			10,506,822			8,515,347			8,510,187			8,507,191
Tangible book value per share	$	29.30		$	28.23		$	29.51		$	29.90		$	27.82
Tangible common equity to tangible assets (TCE/TA Ratio)
Tangible common stockholders’ equity (numerator)	$	306,008		$	296,599		$	251,250		$	254,428		$	236,700
Total assets	$	3,259,528		$	3,270,041		$	2,394,830		$	2,420,914		$	2,457,753
Less: Goodwill and intangible assets		(89,143	)		(90,284	)		(52,023	)		(52,327	)		(52,631	)
Total tangible assets (denominator)	$	3,170,385		$	3,179,757		$	2,342,807		$	2,368,587		$	2,405,122
Tangible common equity to tangible assets		9.65	%		9.33	%		10.72	%		10.74	%		9.84	%
Efficiency Ratio
Noninterest expense	$	25,366		$	29,335		$	18,388		$	18,244		$	16,391
Less: Intangible amortization		1,141			857			304			304			315
Less: Merger-related expense		1,943			8,031			885			1,137			23
Noninterest expense (numerator)	$	22,282		$	20,447		$	17,199		$	16,803		$	16,053
Net interest income	$	31,012		$	27,090		$	21,112		$	20,942		$	20,964
Plus: Total noninterest income		8,682			7,184			5,803			6,833			6,427
Less: Gain on life insurance proceeds		31			254			—			—			—
Less: Net gains on sales or calls of securities		22			—			—			—			—
Less: Net gains (losses) on equity securities		3			14			(28	)		28			1
Total revenue (denominator)	$	39,638		$	34,006		$	26,943		$	27,747		$	27,390
Efficiency ratio		56.21	%		60.13	%		63.83	%		60.56	%		58.61	%

Contact:		Jason H. Weber EVP/Treasurer & Chief Financial Officer 717.339.5090 jweber@acnb.com

The MIL Network –

July 25, 2025

MIL-OSI Africa: President hails BMW’s local production of plug-in hybrid as milestone for green mobility

Source: Government of South Africa

President Cyril Ramaphosa has lauded BMW South Africa’s launch of the locally produced BMW X3 plug-in hybrid electric vehicle (PHEV) as a significant leap toward a low-carbon future and a boost for South Africa’s industrial and economic growth.

Speaking at BMW’s Rosslyn plant in Tshwane on Thursday, the President praised the milestone as a symbol of trust in the country, as well as a demonstration of BMW Group’s long-standing commitment to the South African market.

The President highlighted that this world-class facility was the first BMW plant to be built outside of Germany and has been at the centre of the group’s operations since 1973.

“A number of world-class vehicles are manufactured right here at this plant, including both ICE and hybrid models from the BMW X family. And now, we have reached another milestone with the production of the BMW X3 plug-in hybrid electric vehicle.

“The shift to green mobility and electrification in vehicle production is in line with commitments by countries to reduce emissions and support the transition to a low-carbon, climate resilient global economy. We are greatly encouraged by this milestone reached by the BMW Group,” the President said.

WATCH |

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President Ramaphosa said the Rosslyn plant remains a pillar of South Africa’s automotive sector, which contributes approximately 4.9% to the country’s GDP, sustains over 115 000 direct manufacturing jobs, and supports more than half a million jobs across its value chain.

BMW’s investment in local manufacturing comes at a time when South Africa is working to position itself as a globally competitive hub for future mobility.

“As the transition to battery electric vehicles, plug-in hybrids and hydrogen mobility gathers momentum, South Africa is perfectly positioned as a key global manufacturing base for the mobility of the future,” President Ramaphosa said.

He reaffirmed government’s commitment to enabling this shift, highlighting the recently released Electric Vehicle White Paper and an incentive programme under the Automotive Production and Development Programme (APDP).

These are aimed at creating a stable and predictable policy environment to attract investment, grow exports, and expand the local electric vehicle (EV) market.

“The production of the BMW X3 plug-in hybrid locally is a testament to the trust placed in our skills, our workers, our partnerships and our potential. Let us honour this achievement by staying the course, driving transformation, creating jobs and leading Africa’s industrial future,” he said.

President Ramaphosa also touched on the strategic opportunity presented by South Africa’s mineral wealth.

“The global shift to clean vehicles presents opportunities for the local component manufacturing sector, whose focus has been on ICE components. With our significant reserves of critical minerals, we must become a hub for processing and beneficiation.

“We are finalising targeted incentives for battery cell localisation, EV component manufacture, clean mobility research and design, and critical mineral beneficiation,” he said.

The President also acknowledged the changing global trade landscape – particularly the recent announcements on tariffs by the United States.

“The recent announcements on tariffs by the United States, an important market for our vehicle exports, further underscores the need to diversity our export base and accelerate domestic value creation,” he said.

Youth development

The President commended BMW’s commitment to youth development, including its training academy that produces 300 apprentices annually, its long-term support for the Youth Employment Service (YES), and its initiatives to develop young women leaders and black industrialists.

He also praised BMW’s investment in digital skills through its partnership with UNICEF and its Tshwane-based IT Hub, which employs more than 2 000 digital professionals.

“As a founding partner of the Youth Employment Service, BMW has supported over 3 500 youth, with placements across all provinces and in diverse sectors such as retail, IT, education and health.

“BMW’s roots may be in Bavaria, but its beating heart is South African. We are proud of your presence. We are greatly encouraged by your ongoing investment as we strive to build the low-carbon economies of the future,” the President said.

Looking ahead

Calling on BMW to continue its role as a flagship partner in the South Africa Investment Conference (SAIC), the President urged the company to deepen localisation, expand youth training, lead in EV battery development, and support township-based supplier development.

“As the Government of National Unity, we welcome the role you continue to play in supporting our drive for inclusive growth and job creation.

“BMW’s presence in the country is one of mutual interest and shared value. To the entire BMW team, you are building more than cars.

“You are building a legacy of excellence, inclusion and hope among South Africans. We look forward to continuing this partnership and supporting the next chapter of your journey,” the President said. – SAnews.gov.za

MIL OSI Africa –

July 25, 2025

MIL-OSI: Trader AI: This Trader AI App Sets New Standard in AI-Driven Trading with Unmatched Security and User Approval

Source: GlobeNewswire (MIL-OSI)

New York City, NY, July 24, 2025 (GLOBE NEWSWIRE) — Trader AI, a pioneering fintech platform specializing in AI-powered cryptocurrency trading, today announces the launch of its fully integrated trading robot tailored specifically for Canadian investors. Building on extensive development and rigorous testing, Trader AI delivers a secure, compliant, and highly automated solution designed to help both novice and experienced traders optimize returns while effectively managing risk.

By seamlessly combining advanced machine learning algorithms, real-time market analysis, and regulatory compliance, Trader AI establishes itself as a frontrunner in the emerging landscape of AI-driven crypto trading. With the cryptocurrency market expanding rapidly—exceeding USD 50 billion in annual trading volume—investors are seeking innovative tools that simplify trading processes without compromising on security or transparency. Trader AI’s newly announced features and localized support address these needs directly, empowering Canadians to participate confidently in digital asset markets.

Key Highlights:

AI-Powered Signal Generation: Proprietary machine learning models continuously scan global crypto markets to identify high-probability trade setups across major coins—including Bitcoin (BTC), Ethereum (ETH), and top altcoins—enabling swift, data-driven decision-making.
Fully Automated Execution: Direct API integrations with FINTRAC-registered Canadian brokerages ensure that algorithmic signals translate instantly into live orders, minimizing latency and slippage.
User-Centric Interface: A clean, intuitive dashboard guides users from registration to live trading in under 20 minutes, supported by a built-in demo mode for risk-free practice and an optional manual trading toggle for advanced traders.
Robust Risk Management: Dynamic stop-loss and take-profit mechanisms adjust automatically to real-time volatility metrics, while customizable position-sizing algorithms safeguard capital with preset risk thresholds.
Transparent Fee Structure: Trader AI requires a minimum deposit of USD 250 and operates commission-free—fees are embedded solely within market-standard spreads, ensuring full cost transparency.
Canadian-Focused Compliance: With partnerships in Ontario and British Columbia, Trader AI operates alongside regulated broker-dealers, maintains PIPEDA-aligned data practices, and offers optional KYC verification for withdrawals exceeding CAD 2,000 per month.
Localized Support & Education: 24/7 live chat, toll-free phone lines, region-specific webinars on taxation and compliance, and a bilingual knowledge base demonstrate Trader AI’s commitment to serving Canada’s diverse trading community.

Visit Here to Register on the Trader AI – Select Your Country Here!!!

Trader AI’s Mission: Democratizing Crypto Trading

In recent years, the cryptocurrency sector has witnessed explosive growth—often accompanied by elevated volatility, regulatory uncertainty, and a steep learning curve for newcomers. Recognizing these challenges, Trader AI was conceived to bridge the gap between sophisticated algorithmic trading and accessibility for everyday Canadians. By leveraging artificial intelligence, the platform aims to automate labor-intensive tasks such as trend analysis, technical indicator computation, and real-time order generation, freeing users from the need to monitor markets around the clock.

How Trader AI Works: A Technical Overview

According to official website, Trader AI’s core engine is anchored in a multi-layered AI architecture that integrates supervised learning, deep neural networks, and real-time data aggregation. Below is an outline of the platform’s operational framework:

Comprehensive Market Data Aggregation
- Trader AI continuously ingests live order book data, trade histories, volume indicators, and social sentiment inputs from over 20 global exchanges.
- All incoming data undergoes cleaning and normalization, ensuring consistency for downstream machine learning modules.
Machine Learning and Pattern Recognition
- A combination of supervised models—trained on historical price movements from January 2017 to December 2024—and unsupervised clustering algorithms identify characteristic market patterns, such as sudden volume surges, technical divergence, and on-chain network activity that historically precedes price shifts.
- Periodic model retraining occurs every four weeks, incorporating the most recent market data to adapt to evolving conditions.
Signal Generation and Scoring
- When the AI identifies a pattern that meets predefined confidence thresholds (typically 70–85% probability), it issues a trade signal complete with suggested entry price, stop-loss, take-profit levels, and ideal position size relative to account equity.
- Each signal is assigned a Signal Quality Score (SQS)—a proprietary metric ranging from 0 to 100—that reflects confidence based on factors such as liquidity depth, volatility, and historical win rate for similar setups.
Automated Order Execution
- Upon user authorization (via the “Auto-Trade” toggle), signals are dispatched instantly through secure API connections to partnered Canadian brokerages and select international exchanges.
- In live conditions, orders are executed with an average round-trip latency of under 150 milliseconds, minimizing the risk of slippage during periods of heightened volatility.
Dynamic Risk Management
- Stop-loss and take-profit parameters adjust in real-time based on Average True Range (ATR) and Bollinger Band expansions. For example, if an asset’s 24-hour volatility spikes above 8%, the AI narrows stop-loss bands by 10–15% to limit drawdown.
- The platform’s Position Sizing Algorithm (PSA) calculates optimal trade size by referencing account balance, risk tolerance (e.g., 1–3% per trade), and portfolio diversification targets. Any deviation beyond preset risk thresholds triggers an automated alert or halts new allocations.

Registration and Onboarding: Getting Started in Minutes

Trader AI’s streamlined registration process has been optimized for speed, transparency, and regulatory compliance—ensuring that Canadian clients can begin trading quickly without unnecessary hurdles. The following steps outline the typical user journey from initial sign-up to live trading:

Account Creation
- Visit official website homepage, click “Sign Up,” and complete the registration form with basic information:
  - Full legal name
  - Email address
  - Country of residence (preselected as based on IP detection)
  - Phone number (for 2FA and important notifications)
- Users must acknowledge the platform’s Terms of Service and Privacy Policy, both of which include specific disclosures regarding data handling under PIPEDA regulations.
Email and Phone Verification
- An email containing a verification link is sent immediately; clicking the link confirms the email address.
- A one-time code (OTP) is dispatched to the registered phone number. Entering this code completes the two-step verification process.
Demo Account Activation
- Without any deposit requirement, new users receive CAD 10,000 in virtual funds to explore the platform’s features and test AI-generated signals.
- The demo environment simulates real market conditions, including bid-ask spreads and execution latencies, enabling risk-free practice trades.
Minimum Deposit and Funding Options
- To transition from demo to live trading, a minimum deposit of USD 250 is required.
- Canadian users may fund accounts via:
  - Interac e-Transfer: Funds clear within 1–2 business hours.
  - Credit/Debit Card (Visa/Mastercard): Instant funding up to CAD 5,000 per day for non-verified accounts.
  - Wire Transfer: Larger deposit limits (up to CAD 50,000 daily) with a 1–2 business day processing time.
- Immediately after deposit confirmation, live trading features unlock—allowing users to choose between fully automated or manual signal execution.
Optional KYC Verification
- For withdrawals exceeding CAD 2,000 per month, users are prompted to complete Know Your Customer (KYC) verification by uploading:
  - A government-issued photo ID (e.g., driver’s license, passport)
  - Proof of address (e.g., utility bill, bank statement dated within the last 90 days)
- KYC checks typically finalize within 24–48 hours, though urgent requests may be expedited upon user inquiry.
Live Trading Activation
- With funds deposited and (if necessary) KYC cleared, users can configure initial risk parameters—such as daily drawdown limits, maximum open trades, and preferred asset baskets.
- The AI engine is now primed to generate signals. Traders can elect “Auto-Trade” to allow fully automated execution or opt to review and manually approve each AI recommendation.

Core Features and Functionalities

As per official website, Trader AI’s feature set has been refined to balance sophistication with usability—addressing the distinct needs of Canada’s diverse trading population. The following sections highlight the platform’s most compelling capabilities:

1. AI-Powered Trade Signals

Proprietary Algorithms: Trader AI’s AI suite includes recurrent neural networks (RNNs) and convolutional neural networks (CNNs), which process time-series price data, order flow imbalances, and macroeconomic indicators to forecast short-term price movements.
Cross-Asset Analysis: Signals are not isolated to single-asset momentum. The system examines correlations between Bitcoin, major equities indices, and global macro events—such as central bank announcements—to adjust trading thresholds.
Signal Quality Score (SQS): Each trade recommendation includes an SQS metric (0–100) reflecting confidence based on factors like market depth, recent volatility shifts, and historical win rates for analogous setups. Users can filter signals by minimum SQS thresholds (e.g., ≥ 70) to ensure high-probability engagement.

2. Automated Trade Execution

API Integrations: Trader AI maintains secure API connections with FINTRAC-registered Canadian brokerages—such as Maple Brokerage and Aurora Digital Assets—and renowned international exchanges. This reduces counterparty risk by routing orders through regulated entities rather than holding funds internally.
Low-Latency Order Routing: By co-locating servers near major exchange matching engines, Trader AI achieves average order round-trip times under 150 ms. This is critical during rapid price fluctuations when even small delays can erode profit margins.
Slippage Control: Users may elect “Maximum Slippage Tolerance” parameters (e.g., 0.1%–0.5% of trade size) to prevent orders from executing at disadvantageous prices. If slippage exceeds the user-defined threshold, orders are canceled automatically.

3. Customizable Strategy Settings

Risk Tolerance Profiles: “Conservative,” “Moderate,” and “Aggressive” presets allow users to quickly adopt risk frameworks aligned with their goals. Conservative settings limit daily drawdown to 2% of account equity and cap leverage at 2x; moderate settings permit up to 4% drawdown and 5x leverage; aggressive settings enable up to 6% drawdown and 10x leverage (subject to brokerage approvals).
Asset Basket Creation: User-defined “Smart Baskets” group multiple cryptocurrencies—such as “Top 5 by Market Cap,” “Emerging DeFi Tokens,” or “Stablecoin Arbitrage.” The platform rebalances these baskets weekly based on performance, market capitalization changes, and liquidity metrics.
Volatility-Adaptive Stop-Loss: Stop-loss percentages are not static. Instead, they adjust proportionally to the 14-day Average True Range (ATR) and Bollinger Band expansions. For example, if the ATR for Bitcoin spikes from 2% to 4%, the stop-loss widens by 10–15% to avoid premature exit during heightened volatility.

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4. Portfolio Diversification Engine

Balanced Allocation Recommendations: The AI provides suggested allocation percentages across multiple asset classes—e.g., 40% BTC, 25% ETH, 15% top-10 altcoins, and 20% stablecoins—based on risk-adjusted performance data and user-defined risk tolerance.
Correlated Asset Mitigation: By monitoring correlation coefficients between assets (e.g., BTC vs. ETH correlation of 0.85), the platform can reduce overweight positions to minimize systemic exposure. When correlation exceeds 0.9, the AI recommends temporary reallocation to lower-correlation assets.
Automated Rebalancing: Weekly portfolio rebalancing ensures that no single asset exceeds preset maximum exposure (e.g., 25% of total equity). If an asset’s value grows beyond this cap, the system executes partial sell orders and redistributes proceeds to underweighted categories.

5. Comprehensive Reporting and Analytics

Real-Time Dashboard: The homepage features live P&L, open trade positions, daily profit percentages, and drawdown statistics. A customizable graph displays historical performance, including monthly ROI comparisons against benchmark indices like the S&P 500 and TSX Composite.
Sharpe Ratio & Sortino Ratio: Users can view risk-adjusted performance metrics to gauge risk efficiency. A Sharpe Ratio above 1.5 is highlighted in green, indicating favorable risk-adjusted returns. Sortino Ratio (which penalizes downside volatility) is also displayed for more precise risk assessment.
Trade History: A searchable log details each executed trade (entry price, exit price, timestamp, P&L, SQS). Users can filter by asset, date range, or trade outcome (win/loss). CSV export functionality enables further analysis in external tools.

6. Security and Data Protection

SSL Encryption & Data Integrity: All data in transit is encrypted via AES 256-bit SSL/TLS protocols. Sensitive user information—such as login credentials and payment details—resides in encrypted databases with advanced hashing (bcrypt) and tokenization methods.
Two-Factor Authentication (2FA): Upon login, users must input their password followed by a one-time code generated through an authenticator app (e.g., Google Authenticator) or delivered via SMS. This two-tier verification effectively prevents unauthorized access, even if credentials are compromised.
Third-Party Security Audits: Leading cybersecurity firms—such as CanSecWest Security—conduct quarterly penetration tests and codebase reviews. Summary reports are shared with the Canadian Office of the Privacy Commissioner to demonstrate ongoing compliance with PIPEDA.
Data Residency: All Canadian user data is stored on servers located within Canada, ensuring compliance with provincial data sovereignty regulations. Backups occur daily and are encrypted with unique user-specific keys.

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7. Transparent Fee Structure

No Subscription Fees: Trader AI does not charge recurring platform fees—traders benefit from a zero-cost software model.
Embedded Spread-Only Costs: All trading costs are embedded in exchange spreads. For example:
- BTC–USD: Typical spread between 0.10% and 0.20%.
- ETH–USD: Typical spread between 0.12% and 0.22%.
- Top Altcoins (e.g., LINK, DOT): Spreads between 0.20% and 0.40%.
Withdrawal Fees:
- Interac e-Transfer (≤ CAD 1,000): Flat CAD 20 fee.
- Interac e-Transfer (> CAD 1,000): No fee.
- Wire Transfers: CAD 30 processing fee (waivable for account balances > CAD 10,000).
Currency Conversion Markup: For trades executed in USD or other foreign currencies, a transparent 0.25% conversion margin is applied—visibly displayed on the funding page prior to transaction confirmation.

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Localized Support and Educational Initiatives

Trader AI’s success in Canada is rooted in its investment in region-specific support and educational resources. Recognizing that regulatory requirements and tax implications for cryptocurrencies vary significantly from country to country, the platform has implemented multiple initiatives to guide Canadian users.

1. Multi-Channel Customer Support

24/7 Live Chat: Available directly on the website, live chat is staffed around the clock by bilingual (English/French) agents trained in both technical troubleshooting and Canadian regulatory guidelines.
Toll-Free Canadian Phone Lines: Operating daily from 8 AM to 8 PM ET, dedicated support lines (1-800-IMPATH1) ensure prompt resolution of urgent issues—ranging from account access difficulties to withdrawal queries.
Email Ticketing System: For non-urgent matters, users can submit support tickets via support@immediate-path.com. Average response time is 4–6 hours on weekdays; weekend requests are addressed within 12 hours.

2. Dedicated Compliance Resources

Regulatory Updates Section: A rotating banner on the Trader AI homepage alerts users to any changes in Canadian crypto regulations—such as new FINTRAC reporting guidelines or provincial licensing requirements.
Tax Reporting Guides: Downloadable PDFs explain:
- How to classify various transactions (spot trading, staking rewards, airdrops) for CRA reporting.
- Strategies for netting gains and losses across multiple wallets and platforms—ensuring accurate portfolio-wide tax calculations.
AML & KYC Policy Disclosure: Users can review Trader AI’s anti-money-laundering protocols, including suspicious transaction reporting criteria and process flows for large withdrawals requiring enhanced due diligence.

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Safety and Security

As crypto regulatory framework continues to evolve, Trader AI remains committed to exceeding compliance standards and upholding the highest levels of security—minimizing risk for users and partners alike.

1. Data Privacy and PIPEDA Compliance

PIPEDA-Aligned Privacy Policy: Trader AI’s privacy policy explicitly references the Personal Information Protection and Electronic Documents Act (PIPEDA), ensuring that Canadian user data is collected, processed, and stored in accordance with federal requirements.
Data Residency: All Canadian user data is housed on servers located within Canadian jurisdiction (Toronto and Montreal data centers), offering additional protection under provincial data sovereignty regulations (e.g., Ontario’s provincial data residency requirements).
User Rights: Canadians retain full control over personal information—users can request access, correction, or deletion of their data at any time by contacting privacy@immediate-path.com.

2. Encryption and Infrastructure Security

End-to-End SSL/TLS Encryption: All data transmitted between user browsers and Trader AI’s servers is encrypted via AES 256-bit SSL/TLS protocols, preventing interception or tampering.
Hashed Password Storage: User passwords are stored using bcrypt with a work factor of 12, making brute-force compromises computationally infeasible.
Intrusion Detection & Multi-Tenant Segmentation: Network traffic is continuously scanned by an Intrusion Detection System (IDS). Each user’s trading environment resides within an isolated container, preventing cross-account data leaks or unauthorized lateral movement by attackers.

Comparative Performance: Backtesting and Live Results

Trader AI’s performance results—both in backtesting and real-world conditions—underscore its capability to navigate dynamic crypto landscape:

Backtesting Overview (January 2020–December 2024)

Annualized Return (Conservative Settings): 45%
- Parameters: Maximum daily drawdown capped at 2%, trades limited to 07:00–16:00 EST (peak liquidity hours), leverage ≤ 2x.
- Historical drawdown: 12% during March 2020 “Corona Crash.”
Annualized Return (Moderate Settings): 70%
- Parameters: Daily drawdown ≤ 4%, 24/7 trading, leverage ≤ 5x.
- Historical drawdown: 18% during May 2021 “Altseason Correction.”
Annualized Return (Aggressive Settings): 95%
- Parameters: Daily drawdown ≤ 6%, leverage ≤ 10x, full asset basket allocation including high-volatility DeFi tokens.
- Historical drawdown: 25% during November 2021 “Crypto Winter II.”

Metrics

Average Win Rate: 62%
Average Risk/Reward Ratio: 1:1.8
Maximum Drawdown (Conservative): 12%
Maximum Drawdown (Aggressive): 25%

Asset Coverage and Diversification Strategies

Trader AI supports a broad spectrum of digital assets, enabling traders to construct diversified portfolios that mitigate risk and capture growth across multiple sectors:

Major Cryptocurrencies
- Bitcoin (BTC): The flagship asset, receiving the highest allocation in most conservative and moderate baskets.
- Ethereum (ETH): Backbone of decentralized finance (DeFi) and smart contracts, featured prominently.
- Litecoin (LTC), Bitcoin Cash (BCH), Ripple (XRP), Cardano (ADA): Liquid, established altcoins available for core portfolio building.
Emerging DeFi and Layer-1 Tokens
- Polkadot (DOT), Solana (SOL), Avalanche (AVAX): Rapidly scaling networks with robust ecosystems—suitable for moderate-risk allocations.
- Chainlink (LINK), Aave (AAVE), Uniswap (UNI): Leading DeFi and oracle solutions that often exhibit high volatility paired with substantial upside potential.
Metaverse and NFT-Related Tokens
- Decentraland (MANA), Axie Infinity (AXS), The Sandbox (SAND): Assets tied to virtual real estate and blockchain gaming—ideal for investors seeking exposure to Web3 trends.
Stablecoin Pairs and Hedging Options
- Tether (USDT), USD Coin (USDC), Dai (DAI): Trader AI’s AI can automatically rotate capital into these stablecoins when market volatility exceeds user-defined thresholds (e.g., 10% 24-hour price swing), preserving equity during short-term drawdowns.
Sector-Specific Baskets
- “Layer 1 Champions”: Allocation across BTC, ETH, DOT, SOL, AVAX.
- “DeFi Innovators”: Allocation across LINK, AAVE, UNI, SUSHI, COMP.
- “Metaverse Mavericks”: Allocation across MANA, AXS, SAND, FLOW.

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Payments, Fees, and Account Funding

Trader AI’s commitment to transparency extends to its straightforward funding and fee model. Canadian users benefit from local payment options, minimal entry capital requirements, and no hidden subscription charges.

1. Minimum Deposit Requirement

Base Capital: USD 250 (equivalent to approximately CAD 330 at current exchange rates).
Deposit Methods for Canadians:
- Interac e-Transfer: Typical processing time of 1–2 business hours; no fees for deposits over CAD 1,000; flat CAD 20 fee for deposits ≤ CAD 1,000.
- Credit/Debit Card (Visa, Mastercard): Instant processing with a daily limit of CAD 5,000 for non-verified accounts.
- Wire Transfer: For larger capital needs (up to CAD 50,000 per transaction), processed in 1–2 business days; CAD 30 fee applies (waivable for initial deposits > CAD 10,000).
Currency Conversion: For trades executed on non-CAD pairs, an automatic 0.25% conversion margin is applied. Real-time mid-market exchange rates are displayed prior to transaction.

2. Fee Structure

Software Access: No subscription or platform fees—Trader AI’s model is “software-free,” with all platform maintenance costs absorbed by the company.
Trading Costs (Embedded Spreads):
- BTC–USD/CAD: Spreads between 0.10% and 0.20%.
- ETH–USD/CAD: Spreads between 0.12% and 0.22%.
- Major Altcoins: Spreads ranging from 0.20% to 0.40%.
- Spread rates adjust dynamically based on overall market liquidity—tightening during high-liquidity periods and widening slightly during low-liquidity windows (e.g., weekends, public holidays).
Withdrawal Fees:
- Interac e-Transfer (≤ CAD 1,000): Flat CAD 20.
- Interac e-Transfer (> CAD 1,000): No fee.
- Wire Transfer: CAD 30 (waived if account balance exceeds CAD 10,000 at time of withdrawal).
- Credit/Debit Card Refunds: If a user funded via card and requests a refund to the same card, a 2% processing fee applies to cover issuer charges.
Overnight Funding Fees: If a user employs leverage (up to 10x for aggressive strategies), an overnight interest rate of 0.03% per day is applied—transparent line-item in the trade ticket before order execution.

About Trader AI

Trader AI Inc. is a AI-driven cryptocurrency trading solutions. Founded in 2023 by a team of quantitative analysts, data scientists, and seasoned software engineers, Trader AI’s mission is to democratize algorithmic trading—making advanced, data-driven strategies accessible to investors of all experience levels.

Key Facts:

Established: 2023
Core Product: AI-powered crypto trading robot with automated and manual trading modes
Target Market: Crypto investors, ranging from first-time traders to institutional participants
Regulatory Partners: Maple Brokerage (Ontario), Victory Crypto (British Columbia)—both FINTRAC-registered

Company Vision: Trader AI seeks to empower Canadians by providing state-of-the-art AI trading tools under a fully compliant, transparent framework. By combining deep learning, robust risk management, and localized support, Trader AI aims to elevate Canada as a global hub for safe, responsible cryptocurrency trading.

Conclusion

Trader AI stands at the forefront of AI-driven cryptocurrency trading, combining cutting-edge machine learning, rigorous risk management, and a deep commitment to regulatory compliance. For both newcomers and seasoned traders, the platform offers a streamlined onboarding process, transparent fee structures, and a robust suite of tools designed to optimize performance while safeguarding capital. All users benefit from local payment integrations, bilingual support, and educational resources that demystify tax reporting and compliance requirements.

Whether you’re aiming to augment your existing strategy or take your first steps into automated crypto trading, Trader AI delivers an accessible, secure, and high-performing environment. With a proven track record of consistent returns—backed by both backtesting data and real-world results—this platform has quickly become a trusted choice for Canadian investors seeking to navigate volatile markets with confidence.

Ready to experience the power of AI-driven trading for yourself? Sign up for a free demo account and explore Trader AI’s features with CAD 10,000 in virtual funds. When you’re ready to trade live, a minimum deposit of USD 250 (approximately CAD 330) unlocks full access to all automated and manual trading modes. Discover why thousands of Canadians are turning to Trader AI to harness smarter strategies and take control of their crypto portfolios.

Forward-Looking Statements

This press release contains forward-looking statements that reflect Trader AI Inc.’s expectations regarding future events, including anticipated performance, product enhancements, and regulatory developments. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied. Trader AI Inc. assumes no obligation to update or revise these statements except as required by applicable law.

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Media Contact

Trader AI

50 W 4th St,
New York, NY 10012, USA
Email: info@traderai.ai
Phone
AU +61284889800
UK +442038379676
Website – https://traderai.ai

General Disclaimer:
The content provided in this article is for informational and educational purposes only. It does not constitute financial, legal, or professional advice. Readers are advised to consult a certified financial advisor, licensed loan officer, or legal professional before making any financial decisions. The information presented may not apply to every individual circumstance and is not intended to substitute professional judgment or regulatory guidance. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. We does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.
Trading Disclaimer:
Trading cryptocurrencies carries a high level of risk, and may not be suitable for all investors. Before deciding to trade cryptocurrency you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with cryptocurrency trading, and seek advice from an independent financial advisor. ICO’s, IEO’s, STO’s and any other form of offering will not guarantee a return on your investment.
HIGH RISK WARNING: Dealing or Trading FX, CFDs and Cryptocurrencies is highly speculative, carries a level of non-negligible risk and may not be suitable for all investors. You may lose some or all of your invested capital, therefore you should not speculate with capital that you cannot afford to lose. Please refer to the risk disclosure below. Trader AI does not gain or lose profits based on your activity and operates as a services company. Trader AI is not a financial services firm and is not eligible of providing financial advice. Therefore, Trader AI shall not be liable for any losses occurred via or in relation to this informational website.
SITE RISK DISCLOSURE: Trader AI does not accept any liability for loss or damage as a result of reliance on the information contained within this website; this includes education material, price quotes and charts, and analysis. Please be aware of and seek professional advice for the risks associated with trading the financial markets; never invest more money than you can risk losing. The risks involved in FX, CFDs and Cryptocurrencies may not be suitable for all investors. Trader AI doesn’t retain responsibility for any trading losses you might face as a result of using or inferring from the data hosted on this site.
LEGAL RESTRICTIONS: Without limiting the above mentioned provisions, you understand that laws regarding financial activities vary throughout the world, and it is your responsibility to make sure you properly comply with any law, regulation or guideline in your country of residence regarding the use of the Site. To avoid any doubt, the ability to access our Site does not necessarily mean that our Services and/or your activities through the Site are legal under the laws, regulations or directives relevant to your country of residence. It is against the law to solicit US individuals to buy and sell commodity options, even if they are called “prediction” contracts, unless they are listed for trading and traded on a CFTC-registered exchange unless legally exempt. The UK Financial Conduct Authority has issued a policy statement PS20/10, which prohibits the sale, promotion, and distribution of CFD on Crypto assets. It prohibits the dissemination of marketing materials relating to distribution of CFDs and other financial products based on
Cryptocurrencies that addressed to UK residents. The provision of trading services involving any MiFID II financial instruments is prohibited in the EU, unless when authorized/licensed by the applicable authorities and/or regulator(s). Please note that we may receive advertising fees for users opted to open an account with our partner advertisers via advertisers websites. We have placed cookies on your computer to help improve your experience when visiting this website. You can change cookie settings on your computer at any time. Use of this website indicates your acceptance of this website. Please be advised that the names depicted on our website, including but not limited to Trader AI, are strictly for marketing and illustrative purposes. These names do not represent or imply the existence of specific entities, service providers, or any real-life individuals. Furthermore, the pictures and/or videos presented on our website are purely promotional in nature and feature professional actors. These actors are not actual users, clients, or traders, and their depictions should not be interpreted as endorsements or representations of real-life experiences. All content is intended solely for illustrative purposes and should not be construed as factual or as forming any legally binding relationship
RISKS ASSOCIATED WITH FUTURES TRADING
Futures transactions involve high risk. The amount of the initial margin is low compared to the value of the futures contract, so that transactions are “leveraged” or “geared”. A relatively small market movement has a proportionately larger impact on the funds that you have deposited or have to pay: this can work both for you and against you. You may experience the total loss of the initial margin funds as well as any additional funds deposited in the system. If the market develops in a way that is contrary to your position or if margins are increased, you may be asked to pay significant additional funds at short notice to maintain your position. In this case it may also happen that your broker account is in the red and you thus have to make payments beyond the initial investment.
RISKS ASSOCIATED WITH ELECTRONIC TRADING
Before you begin carrying out transactions with an electronic system, you should carefully review the rules and provisions of the stock exchange offering the system, or of the financial instruments listed that you intend to trade, as well as your broker’s conditions. Online trading has inherent risks due to system responses/reaction times and access times that may vary due to market conditions, system performance and other factors, and on which you have no influence. You should be aware of these additional risks in electronic trading before you carry out investment transactions.
Accuracy Disclaimer:
All information included in this article is presented in good faith and believed to be accurate at the time of writing. However, no representations or warranties are made regarding the completeness, accuracy, reliability, or timeliness of any information presented. Any reliance placed on such information is strictly at the reader’s own risk. The publisher does not accept responsibility for typographical errors, outdated information, or changes to products, terms, or policies after publication.
Regulatory and Jurisdictional Disclaimer:
Lending laws vary by jurisdiction, and not all services described in this article may be available in every state or region. It is the responsibility of the reader to understand and comply with local laws and regulations. The platforms mentioned are independently operated and are not controlled or endorsed by the publisher.
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The publisher, its writers, editors, affiliates, and syndication partners shall not be held liable for any direct or indirect loss, damages, or legal claims arising from the use of this content or from reliance on any third-party services, platforms, or products mentioned herein. All loan agreements, terms, and disputes are strictly between the borrower and the lender or service provider.
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This content may be republished or syndicated by authorized partners under existing licensing or distribution arrangements. All syndication partners are free from liability regarding the editorial stance, financial suggestions, or any user outcome resulting from the reading or application of this content.

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The MIL Network –

July 25, 2025

MIL-OSI USA: Welch Leads Bipartisan Legislation to Exempt Small Businesses from Trump Tariffs on Canada

US Senate News:

Source: United States Senator Peter Welch (D-Vermont)

WASHINGTON, D.C. – Today, U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, led Senate Democratic Leader Chuck Schumer (D-N.Y.) and Senators Jeanne Shaheen (D-N.H.), Lisa Murkowski (R-Alaska), Tim Kaine (D-Va.), Susan Collins (R-Maine), Ed Markey (D-Mass.), and Ron Wyden (D-Ore.) in introducing the Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act, legislation that would exempt United States-owned small businesses from tariffs imposed on Canada.
“Small businesses are the beating heart of Vermont’s economy, and they operate on the thinnest of margins. There’s no way small businesses can be expected to absorb the costs of President Trump’s tariffs. That’s especially true for smaller businesses across our state that rely on strong partnerships with Canada,” said Senator Welch. “This commonsense bill protects America’s Main Street businesses from Trump’s reckless trade war with Canada, and in turn helps Main Street customers.
“Instead of lowering costs for families, Trump’s destructive tariffs are raising prices and hurting American small businesses, from small manufacturers to Main Street shops, hotels, and restaurants that sustain thousands of local jobs. Trump’s chaotic trade war is burning bridges and ruining relationships with our closest ally and key trade partner, Canada, while driving away tourists and costing local economies billions. This bill would help restore our cherished relationship with our next-door neighbor and major economic partner, and bring relief to our communities and small businesses,” said Leader Schumer.
“President Trump’s tariffs are increasing prices on everyday goods and making it harder for businesses and working families to get by,” said Senator Shaheen. “Canada is New Hampshire’s northern neighbor and largest trading partner, meaning Granite State small businesses are especially hard hit by these blanket tariffs. By shielding small businesses from rising costs incurred by the President’s trade war, our legislation would give Main Street some much-needed relief and certainty to plan for the future and keep their businesses afloat.”
“I’ve heard loud and clear from small businesses in Alaska: tariffs are forcing prices to rise and making it difficult to plan long-term,” said Senator Murkowski. “We’re not just neighbors with Canada, we’re partners in everything from trade, tourism, defense, and fishing. I’m hopeful this legislation sends a clear message to the administration that we want to continue this strong partnership by alleviating the effects of these tariffs on our small businesses.”
“President Trump’s broad-based tariffs are causing economic chaos, uncertainty, and higher costs for families and businesses,” said Senator Kaine. “I’ve heard from small businesses across Virginia about how Trump’s trade wars have forced them to make tough decisions about how they’ll continue to operate. I’m proud to introduce this bipartisan bill with my colleagues to exempt small businesses from Trump’s tariffs on Canada, one of our closest allies and top trading partners.”
“Imposing tariffs on Canada, Maine’s closest trading partner, threatens jobs, drives up costs, and hurts small businesses that have long relied on cross-border cooperation and exchange,” said Senator Collins. “This bipartisan legislation would shield small businesses throughout the country from unnecessary economic harm while preserving the vital trade ties that support so many Maine communities.”
“Donald Trump is hell-bent on turning Main Street into Pain Street for America’s small businesses. Trump’s tariffs threaten to supercharge costs in New England and Massachusetts, a region and a state that relies on trade with Canada to meet the bottom line,” said Senator Markey. “Blanket tariffs will only lead to layoffs, closures, and economic pain. That’s not putting America first. I’m proud to join my colleagues to protect small businesses in the Bay State and all of New England from this disastrous trade war.”
“Trump’s Canada tariffs don’t make sense for ANYONE, but especially not for American small businesses. Taxes on products from Canada means small businesses in America will pay more for the inputs they use to make things here in the United States – meaning prices will go up, jobs will be lost and small companies will shut down. This is a commonsense bill to exempt small businesses from Trump trade taxes and cushion some of the blow of his senseless trade war with Canada,” said Senator Wyden.
President Trump has changed or modified his tariff proposals and policies 28 times in his second term. These tariffs have been difficult to navigate for small businesses across the United States—especially in Vermont, where Canada is the state’s largest trading partner. Tariffs lead to supply chain disruptions, increased costs of goods and materials, smaller profits and higher costs for consumers.
The CANADA Act is supported by Main Street Alliance and Small Business Majority.
“The relationship between Canada and the United States is a critical one for farmers, small business owners, and Main Streets across the US, but especially in the border states. It is essential for this relationship that US trade policy is predictable, purposeful, and designed to benefit both countries. The erratic, fact-devoid tariff emergencies put into effect by President Trump are making it harder for US businesses to start and operate while not even achieving the goals they claim to have in the first place. The Senate passing the CANADA Act by Sen. Peter Welch is a step in the right direction, with more to do to restore US global leadership and rebuild trust that’s been unfortunately damaged over the past 7 months,” said Shawn Phetteplace, National Campaigns Director, Main Street Alliance.
“The constantly shifting tariff policy landscape has left small businesses struggling to plan ahead. Any amount of clarity lawmakers can offer right now, including an exemption for small businesses importing goods from a specific country, would help by giving entrepreneurs some degree of certainty in a chaotic time. If nothing is done soon to help protect small businesses from tariffs, we expect inflation, uncertainty and chaos will crush many small firms, damage America’s economy and cause the loss of countless jobs,” said John Arensmeyer, Founder and CEO, Small Business Majority.
In 2024 alone, trade with Canada accounted for 35% of Vermont’s exports, 67% of its imports, and 56% of its total trade. One in four businesses in Vermont relies on trade with Canada. Vermont buys more goods from Canada than the next nine largest foreign markets combined. In 2023, Vermont exported $150 million just in food and agricultural products to Canada.
Vermont boasts nearly 82,000 small businesses, which represent 99% of all businesses in the state, and employ over 62% of Vermont’s overall workforce—higher than the national average. Small businesses in Vermont also employ a diverse workforce, with 43.8% of small businesses in the state owned by women and 6% owned by veterans.
Senator Welch has blasted Trump’s tariffs and trade war and shared stories from Vermonters about how President Trump’s economic policies have impacted their businesses, farms, and communities. In May, Senator Welch joined a bipartisan delegation and traveled to Ottawa to meet with Canadian dignitaries, including Prime Minister Mark Carney, to discuss bipartisan support for a U.S.-Canada partnership and their commitment to a strong trading relationship between the United States and Canada. The Senator has hosted roundtables in Stowe, Newport, St. Albans, Manchester, and virtually to hear concerns and first-hand stories from Vermont and Canadian leaders impacted by the trade war.
Read and download the full text of the bill.

MIL OSI USA News –

July 25, 2025

MIL-OSI: Fullmark Energy Appoints Energy Industry Veteran to Chief Financial Officer Delivering Path to Diversified Portfolio Growth

Source: GlobeNewswire (MIL-OSI)

The Fullmark Board Adds a Seat with Utility Industry Executive Underscoring Leadership Expertise

Appointments Demonstrate Momentum as Company Surpasses Milestones Across Multiple Battery Energy Storage Projects in the U.S.

CHICAGO, July 24, 2025 (GLOBE NEWSWIRE) — Fullmark Energy, a leading independent power producer (IPP) focused exclusively on energy storage, today announced the appointment of a new Chief Financial Officer as well as the addition of a board member. These appointments are intended to send market signals that Fullmark is doubling down on its commitment to power industry customers. The company has been expanding its executive team since its rebrand in May 2025 in service of its vision of expanding energy storage project operational excellence across the U.S.

These hires will help Fullmark increase its commitment to pioneering innovative storage solutions that maximize efficiency and return on investment.

Bruce Thompson has been appointed chief financial officer (CFO), with over 30 years of experience in risk management, structured transactions, finance and origination. Bruce has focused on energy markets since 1996 and renewable energy since 2007, most recently serving as the CFO of Jupiter Power LLC. He has structured and negotiated over 1 GW of renewable hedge agreements, power purchase agreements and REC sales agreements with Fortune 100 corporate energy consumers, federal agencies, utilities and commodity trading companies. Bruce has also been responsible for securing the future revenues of utility-scale wind and solar projects with Lendlease Energy Development LLC and Pioneer Green Energy, and served at executive levels in the retail and wholesale energy space, responsible for connecting wholesale energy trading businesses to emerging electronic exchanges.

Kyle Crowley has been appointed to the Board as a member with over 20 years of experience in the electric and gas utility and power generation industries, and 30 years of M&A experience, leading strategy, large-scale mergers, acquisitions and joint ventures. Most recently, Kyle was the Senior Vice President of Corporate Finance and Development at Exelon (NASDAQ: EXC), where he was responsible for the corporate development, corporate financial planning, treasury and insurance functions. Throughout his time, he led over 50 closed transactions with a total equity value of approximately $40 billion, including the acquisitions of Constellation Energy and Pepco Holdings, Inc., and helped grow Exelon from two to six utilities.

“From the start, my goal for Fullmark has been driving high-quality projects that boost grid resilience and value for all stakeholders, and these strategic appointments will accelerate that path,” said Chris McKissack, President & CEO of Fullmark Energy. ”Bruce and Kyle have incredible track records of building business value, developing and implementing impactful top and bottom-line strategies. At Fullmark Energy, we see energy storage as the backbone of a balanced transition, and with data-driven leadership, we’re scaling smart and high-quality projects.”

Fullmark Energy, backed by InfraRed Capital Partners, develops, builds, owns and operates standalone battery energy storage system (BESS) projects across the United States that enhance grid reliability, increase renewable energy integration and create value for all stakeholders. The company currently manages 300 MWh of operating and in-construction projects, with a robust 4 GW development pipeline strategically positioned across multiple U.S. markets. Fullmark’s portfolio approach to project development reduces single points of failure through geographic distribution while strengthening revenue profiles through diversified offtake agreements.

About Fullmark Energy
Fullmark Energy is unlocking the potential of energy storage to accelerate renewables, enhance grid reliability, and benefit communities, financial investors, stakeholders and partners. Founded in 2018, Fullmark Energy develops, builds, owns and operates energy storage projects across the U.S. The company’s holistic asset development and ownership model prioritizes mutually beneficial, long-term relationships with partners and stakeholders to move projects from concept to operations. Fullmark Energy is securely backed by a fund managed by InfraRed Capital Partners, an infrastructure asset manager with $13 billion in equity under management. With a four-gigawatt pipeline and a mix of projects operating and under construction, we are making the promise of energy storage a reality. Learn more about Fullmark Energy’s unique approach to energy storage at www.fullmarkenergy.com.

Contacts
Nic Savo
203-456-0843
fullmarkenergy@teamsilverline.com