Mid Penn Bancorp to acquire 1st Colonial for ~$101M; expected close early 2026

MID PENN BANCORP INC

Deal valued at ~$101M; consideration: 60% stock (0.6945 MPB shares) and 40% cash ($18.50), totaling ~$20.03 per FCOB share.
Expected to close late Q1 or early Q2 2026, subject to regulatory and shareholder approvals.
1st Colonial had $877M assets, $743M deposits, $640M loans as of June 30, 2025.
Pro forma combined: >$7.2B assets, ~$6.2B deposits, >$5.4B loans; MPB to have 60+ branches.
Transaction expected to be immediately accretive to MPB EPS; FCOB shareholders to own ~8% of combined.

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