secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0000879635-26-000022
Event type: m_and_a
Sentiment:  positive
Materiality: 0.60
Item codes: 2.01, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mid Penn completes $106.1M acquisition of 1st Colonial Bancorp
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000087963526000022/0000879635-26-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000087963526000022/mpb-20260227.htm
  HTML page:      https://secwatch.observer/filing/0000879635-26-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer