MID PENN BANCORP INC (MPB): M&A transaction — Mid Penn completes $106.1M acquisition of 1st Colonial Bancorp

MID PENN BANCORP INC

Transaction closed Feb 27, 2026; combined assets ~$7B.
Each 1st Colonial share converted to 0.6945 MPB shares or $18.50 cash, with 60% stock/40% cash proration.
Mid Penn issued ~2.11M shares and paid ~$37.5M cash as consideration.
Former 1st Colonial director Thomas R. Brugger appointed to Mid Penn and Mid Penn Bank boards.
Acquisition extends Mid Penn's footprint into greater Philadelphia and southern New Jersey.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

MID PENN BANCORP INC completed an acquisition involving 1st Colonial Bancorp, Inc. for approximately $106.1 million (closed 2026-02-27).

Action: acquisition
Counterparty: 1st Colonial Bancorp, Inc.
Consideration: approximately $106.1 million
Closing: 2026-02-27

Exact text from the filing

subsidiary, 1st Colonial Community Bank, has been merged with and into Mid Penn’s subsidiary bank, Mid Penn Bank. The cash-and-stock transaction was valued at approximately $106.1 million and further extends Mid Penn’s footprint into the greater Philadelphia metropolitan area and southern New Jersey. The consolidated assets of the combined company total

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Source: SEC EDGAR

accession 0000879635-26-000022

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