Mid Penn Bancorp completes $3.2B AUM Cumberland Advisors acquisition

MID PENN BANCORP INC

Acquisition closed Jan 1, 2026; Cumberland Advisors now operates as a Mid Penn subsidiary.
Consideration: $539.22 cash or 17.79 MPB shares per Cumberland share; ~$1.65M cash + ~127,020 shares issued.
Earn-out of up to $1M cash and SARs capped at $1.2M, exercisable 1-3 years post-close.
Cumberland held $3.2B AUM as of Dec 31, 2025; team joins Mid Penn's wealth management unit.

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