---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-108815"
form_type: "8-K"
ticker: "MPB"
cik: "0000879635"
company_name: "MID PENN BANCORP INC"
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:36:13.662286+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mid Penn Bancorp completes $120M all-stock acquisition of William Penn Bancorporation

## Summary
- Acquired William Penn for ~3.6M shares; exchange ratio 0.426 MPB per WMPB share.
- Combined entity has ~$6.3B in total assets; expands Mid Penn's footprint into Philadelphia metro and Southern NJ.
- Kenneth Stephon appointed to Mid Penn and Mid Penn Bank boards as Chief Corporate Development Officer and Vice Chairman.
- Stephon employment: $400K base salary, $900K retention bonus over 3 years, $50K annual deferred comp contribution.
- William Penn Bank merged into Mid Penn Bank; transaction closed April 30, 2025.

## SEC filing metadata
- accession: 0001193125-25-108815
- form_type: 8-K
- ticker: MPB
- cik: 0000879635
- company_name: MID PENN BANCORP INC
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/879635/000119312525108815/0001193125-25-108815-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/879635/000119312525108815/d10343d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-108815
- JSON: https://secwatch.observer/filing/0001193125-25-108815.json
- Plain text: https://secwatch.observer/filing/0001193125-25-108815.txt

## Key facts
- Executive change
  Kenneth J. Stephon was appointed as Chief Corporate Development Officer and Vice-Chairman of the Board of Directors of Mid Penn Bank at MID PENN BANCORP INC.
  - Action: appointed
  - Role: Chief Corporate Development Officer and Vice-Chairman of the Board of Directors of Mid Penn Bank
  source text: Additionally, Mid Penn and Mid Penn Bank entered into a three-year employment agreement with Mr. Stephon, which agreement became effective at the Effective Time, and pursuant to which Mr. Stephon will serve as Chief Corporate Development Officer of Mid Penn and Mid Penn Bank and Vice-Chairman of the Board of Directors of Mid Penn Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/879635/000119312525108815/0001193125-25-108815-index.htm
- M&A Transactions
  MID PENN BANCORP INC completed an acquisition involving William Penn Bancorporation for approximately $120 million (closed 2025-04-30).
  - Action: acquisition
  - Counterparty: William Penn Bancorporation
  - Consideration: approximately $120 million
  - Closing: 2025-04-30
  source text: Penn’s banking subsidiary, William Penn Bank, has been merged with and into Mid Penn’s subsidiary bank, Mid Penn Bank. The all-stock transaction was valued at approximately $120 million and will extend Mid Penn’s footprint into the Greater Philadelphia and Southern New Jersey regions. The consolidated assets of the combined company total approximately $6.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/879635/000119312525108815/0001193125-25-108815-index.htm

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