M&A
confidence high
sentiment positive
materiality 0.90
Mid Penn and William Penn shareholders approve merger with 98% and 96% support
MID PENN BANCORP INC
- Over 98% of Mid Penn and 96% of William Penn shares voted in favor at April 2 special meetings.
- Pro forma assets projected at $6.3 billion following merger close.
- Deal expands Mid Penn's footprint into Greater Philadelphia Metro, Southeastern PA, and Central/Southern NJ.
- Adjournment proposal not needed due to sufficient votes for share issuance approval.