M&A
confidence high
sentiment positive
materiality 0.75
1st Colonial shareholders approve merger with Mid Penn Bancorp; over 99% of votes cast in favor
MID PENN BANCORP INC
- 1st Colonial shareholders voted 3,993,902 for, 456 against to adopt the merger agreement with Mid Penn.
- Over 80% of outstanding shares represented at the Feb 11, 2026 special meeting; quorum achieved.
- Pro forma combined assets of ~$7.5B expected as of March 31, 2026, per company guidance.
- Merger extends Mid Penn's footprint into Greater Philadelphia area and Southeastern PA/Southern NJ.