secwatch.observer — SEC 8-K summary
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Issuer:     MID PENN BANCORP INC (MPB)
CIK:        0000879635
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001193125-25-108815
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 2.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/879635/000119312525108815/0001193125-25-108815-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/879635/000119312525108815/d10343d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-108815

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