secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2026-01-05T23:59:59+00:00
Accession:  0000879635-26-000003
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mid Penn Bancorp completes $3.2B AUM Cumberland Advisors acquisition
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000087963526000003/0000879635-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000087963526000003/mpb-20260101.htm
  HTML page:      https://secwatch.observer/filing/0000879635-26-000003

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