Mid Penn Bancorp completes $43.7M acquisition of Brunswick Bancorp

MID PENN BANCORP INC

Merger completed May 19, 2023; combined company has ~$5B in assets.
Consideration: $25.6M cash + ~849,592 shares of Mid Penn common stock; total ~$43.7M.
Brunswick shareholders could elect $18.00 cash or 0.598 MPB shares per share, with 50/50 proration.
Frank Gumina Jr., former Brunswick Chairman, appointed as Class B director for one-year term.
Deal extends Mid Penn's footprint into Middlesex and Monmouth counties in central New Jersey.

item 5.02 item 8.01 item 9.01

Executive movements

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Appointed

Frank Gumina Jr.

Class B director

MPB · MID PENN BANCORP INC

Effective: 2023-05-19
Filed: May 22, 2023, 7:59 PM ET

Effective May 19, 2023, and in accordance with the Agreement and Plan of Merger dated December 20, 2023 (the “Merger Agreement”), by and between Mid Penn Bancorp, Inc. (“Mid Penn”) and Brunswick Bancorp (“Brunswick”), Frank Gumina, Jr. has been appointed to serve as a Class B director of Mid Penn with a term expiring in 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Frank Gumina Jr. was appointed as Class B director at MID PENN BANCORP INC.

Action: appointed
Role: Class B director

Exact text from the filing

Effective May 19, 2023, and in accordance with the Agreement and Plan of Merger dated December 20, 2023 (the “Merger Agreement”), by and between Mid Penn Bancorp, Inc. (“Mid Penn”) and Brunswick Bancorp (“Brunswick”), Frank Gumina, Jr. has been appointed to serve as a Class B director of Mid Penn with a term expiring in 2024.

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MID PENN BANCORP INC filing history →

Source: SEC EDGAR

accession 0000879635-23-000039

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