Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth J. Stephon was appointed as Class C director at William Penn Bancorporation.
- Action
- appointed
- Role
- Class C director
Exact text from the filing
In accordance with the Merger Agreement, Kenneth J. Stephon, former Chairman, President and Chief Executive Officer of William Penn and William Penn Bank, has been appointed to serve as a Class C director of Mid Penn, effective as of the Effective Time
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Executive change
SEC 8-K Item 5.02
confidence 0.95
Kenneth J. Stephon departed as Chairman, President and Chief Executive Officer at William Penn Bancorporation.
- Action
- ceased serving
- Role
- Chairman, President and Chief Executive Officer
Exact text from the filing
As of the Effective Time, and pursuant to the terms of the Merger Agreement, William Penn’s directors and executive officers ceased serving as directors and executive officers of William Penn.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
William Penn Bancorporation underwent a change of control involving Mid Penn Bancorp, Inc. for 0.426 shares of Mid Penn common stock per William Penn common share (closed 2025-04-30).
- Action
- change of control
- Counterparty
- Mid Penn Bancorp, Inc.
- Consideration
- 0.426 shares of Mid Penn common stock per William Penn common share
- Closing
- 2025-04-30
Exact text from the filing
☐ Item 2.01 Completion of Acquisition or Disposition of Assets On April 30, 2025, Mid Penn Bancorp, Inc. (“Mid Penn”), the holding company for Mid Penn Bank, completed its acquisition of William Penn Bancorporation (“William Penn”), the holding company for William Penn Bank, through the merger of William Penn with and into Mid Penn (the “Merger”).
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