---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-249074"
form_type: "8-K"
ticker: "MPB"
cik: "0000879635"
company_name: "MID PENN BANCORP INC"
filed_at: "2024-11-01T23:59:59+00:00"
generated_at: "2026-05-30T07:10:03.841371+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Mid Penn to acquire William Penn in all-stock deal valued at ~$127M

## Summary
- Exchange ratio: 0.4260 MPB shares per WMPN share; implied ~$13.58/share based on MPB close of $31.88.
- Transaction value ~$127M; expected close in first half 2025; unanimous board approval.
- William Penn had $812M assets, $465M loans, $630M deposits (9/30/24); combined entity ~$6.3B assets.
- Ken Stephon (WMPN CEO) to join Mid Penn board as Vice Chair of Mid Penn Bank.
- Termination fee of $4.9M payable by WMPN under certain conditions; affiliate letters cover ~9.2% of WMPN shares.

## SEC filing metadata
- accession: 0001193125-24-249074
- form_type: 8-K
- ticker: MPB
- cik: 0000879635
- company_name: MID PENN BANCORP INC
- filed_at: 2024-11-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/879635/000119312524249074/0001193125-24-249074-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/879635/000119312524249074/d831431d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-249074
- JSON: https://secwatch.observer/filing/0001193125-24-249074.json
- Plain text: https://secwatch.observer/filing/0001193125-24-249074.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.