Mid Penn Bancorp to purchase 1st Colonial in deal worth approximately $101 million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
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Should l Buy MPB?
Source: SeekingAlpha
Merger Details: Mid Penn Bancorp is acquiring 1st Colonial Bancorp in a cash and stock deal valued at approximately $101 million, with 60% of shares converted to Mid Penn stock and 40% exchanged for cash.
Post-Merger Structure: Following the merger, 1st Colonial's CEO will take a senior role at Mid Penn, and the combined entity will have over $7.2 billion in assets, with 1st Colonial shareholders owning about 8% of Mid Penn's shares.
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Analyst Views on MPB
Wall Street analysts forecast MPB stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 33.340
Low
37.00
Averages
37.00
High
37.00
Current: 33.340
Low
37.00
Averages
37.00
High
37.00
About MPB
Mid Penn Bancorp, Inc. is a financial holding company. The Company conducts operations through Mid Penn Bank (the Bank) and its nonbank subsidiaries, engages in a full-service commercial banking and trust business, making available to the community a wide range of financial services, including, mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits including, checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and Individual Retirement Accounts (IRA). In addition, the Bank provides a full range of trust and wealth management services through its Trust Department. The financial services are provided to individuals, partnerships, non-profit organizations, and corporations through its retail banking offices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Mid Penn's Acquisition of 1st Colonial Receives Shareholder Approval
- Strong Shareholder Support: At the special meeting on February 11, 2026, over 80% of 1st Colonial's shares were represented, with 3,993,902 votes in favor of the acquisition proposal, indicating robust shareholder backing that is expected to enhance Mid Penn's market position.
- Merger Agreement Approved: More than 99% of 1st Colonial shareholders voted in favor of the merger agreement, reflecting that the transaction will enable both companies to provide greater customer service capabilities and further solidify their market presence in the Greater Philadelphia area.
- Asset Growth: Following the merger, Mid Penn is projected to have approximately $7.5 billion in assets, which will expand its operations in Southeastern Pennsylvania and Southern New Jersey, enhancing overall market competitiveness.
- Strategic Market Expansion: This acquisition not only extends Mid Penn's reach into more attractive markets but also aims to improve customer experience through resource integration and service enhancement, driving long-term growth for the company.
See More
Mid Penn Bancorp Completes Acquisition of 1st Colonial Bancorp
- Acquisition Approval: Mid Penn Bancorp announced it has received all necessary regulatory approvals to complete its acquisition of 1st Colonial Bancorp, valued at approximately $101 million, indicating the company's proactive approach in M&A activities.
- Shareholder Approval Pending: While regulatory approval has been secured, the transaction still requires approval from 1st Colonial shareholders and other customary closing conditions, with completion expected in Q1 2026, reflecting the complexity of the deal and reliance on shareholder support.
- Market Expansion Strategy: This acquisition will expand Mid Penn Bank's footprint in the greater Philadelphia metropolitan area, southeastern Pennsylvania, and southern New Jersey, enhancing its competitiveness in these rapidly growing regions.
- Projected Asset Growth: Following the merger, the combined company is expected to have approximately $7.5 billion in assets as of March 31, 2026, indicating that Mid Penn Bancorp is achieving economies of scale and increasing market share through strategic acquisitions.
See More
Mid Penn Bancorp Receives Approval for 1st Colonial Acquisition
- Transaction Value: Mid Penn Bancorp's acquisition of 1st Colonial Bancorp is valued at approximately $101 million, having received all necessary regulatory approvals, marking a significant step in expanding market share.
- Merger Timeline: The transaction is expected to close in the first quarter of 2026, pending shareholder approval from 1st Colonial and other customary closing conditions, which will accelerate Mid Penn's market penetration in the greater Philadelphia area.
- Asset Growth: Post-merger, Mid Penn is projected to have approximately $7.5 billion in assets, significantly enhancing its market position in southeastern Pennsylvania and southern New Jersey, thereby increasing its competitiveness.
- Integration Strategy: Mid Penn's CEO stated that with regulatory approval, the focus will shift to seamless integration to ensure customer and shareholder interests, thereby laying the groundwork for future business growth.
See More
Mid Penn Bancorp Receives Approval for 1st Colonial Acquisition
- Transaction Value: Mid Penn Bancorp announced its acquisition of 1st Colonial Bancorp, valued at approximately $101 million, to be executed through a cash and stock transaction, with completion expected in Q1 2026, thereby enhancing Mid Penn's market position in the Philadelphia area.
- Asset Growth: Post-merger, Mid Penn is projected to have approximately $7.5 billion in assets, significantly boosting its competitiveness in the eastern markets, particularly in Pennsylvania and southern New Jersey.
- Regulatory Approval: The transaction has received all necessary regulatory approvals, marking a critical milestone in the merger process, with Mid Penn's CEO emphasizing a focus on seamless integration to support customer and shareholder interests.
- Shareholder Voting: A special meeting for 1st Colonial shareholders is scheduled for February 11, 2026, to vote on the approval of the transaction, which will impact the final completion timeline of the merger.
See More
MID PENN BANCORP, INC. AND 1ST COLONIAL BANCORP, INC. OBTAIN REGULATORY APPROVALS FOR THEIR MERGER
- Regulatory Approvals: Mid Penn Bancorp, Inc. and 1st Colonial Bancorp, Inc. have received necessary regulatory approvals for their merger.
- Merger Significance: The merger is expected to enhance the financial capabilities and market presence of both institutions.
See More
Mid Penn Bancorp Set to Go Ex-Dividend Soon
- Ex-Dividend Date Approaching: Mid Penn Bancorp will go ex-dividend on February 6, requiring investors to settle trades before this date to receive a dividend of $0.27 per share, which could impact investor income expectations.
- Dividend Payment Overview: The company distributed a total of $0.88 in dividends last year, resulting in a current yield of 2.7%, indicating stability in dividend maintenance, but the earnings coverage needs to be monitored closely.
- Stagnant Earnings Growth: Over the past five years, Mid Penn Bancorp's earnings have remained flat, and while the company reinvests more than half of its profits back into the business, the lack of earnings growth may affect future dividend sustainability.
- Equity Dilution Risk: The company issued more than 5% of its market cap in new shares over the past year, which could pressure its future dividend prospects, prompting investors to carefully assess potential risks.
See More
Mid Penn's Acquisition of 1st Colonial Receives Shareholder Approval
- Strong Shareholder Support: At the special meeting on February 11, 2026, over 80% of 1st Colonial's shares were represented, with 3,993,902 votes in favor of the acquisition proposal, indicating robust shareholder backing that is expected to enhance Mid Penn's market position.
- Merger Agreement Approved: More than 99% of 1st Colonial shareholders voted in favor of the merger agreement, reflecting that the transaction will enable both companies to provide greater customer service capabilities and further solidify their market presence in the Greater Philadelphia area.
- Asset Growth: Following the merger, Mid Penn is projected to have approximately $7.5 billion in assets, which will expand its operations in Southeastern Pennsylvania and Southern New Jersey, enhancing overall market competitiveness.
- Strategic Market Expansion: This acquisition not only extends Mid Penn's reach into more attractive markets but also aims to improve customer experience through resource integration and service enhancement, driving long-term growth for the company.
See More
Mid Penn Bancorp Completes Acquisition of 1st Colonial Bancorp
- Acquisition Approval: Mid Penn Bancorp announced it has received all necessary regulatory approvals to complete its acquisition of 1st Colonial Bancorp, valued at approximately $101 million, indicating the company's proactive approach in M&A activities.
- Shareholder Approval Pending: While regulatory approval has been secured, the transaction still requires approval from 1st Colonial shareholders and other customary closing conditions, with completion expected in Q1 2026, reflecting the complexity of the deal and reliance on shareholder support.
- Market Expansion Strategy: This acquisition will expand Mid Penn Bank's footprint in the greater Philadelphia metropolitan area, southeastern Pennsylvania, and southern New Jersey, enhancing its competitiveness in these rapidly growing regions.
- Projected Asset Growth: Following the merger, the combined company is expected to have approximately $7.5 billion in assets as of March 31, 2026, indicating that Mid Penn Bancorp is achieving economies of scale and increasing market share through strategic acquisitions.
See More
Mid Penn Bancorp Receives Approval for 1st Colonial Acquisition
- Transaction Value: Mid Penn Bancorp's acquisition of 1st Colonial Bancorp is valued at approximately $101 million, having received all necessary regulatory approvals, marking a significant step in expanding market share.
- Merger Timeline: The transaction is expected to close in the first quarter of 2026, pending shareholder approval from 1st Colonial and other customary closing conditions, which will accelerate Mid Penn's market penetration in the greater Philadelphia area.
- Asset Growth: Post-merger, Mid Penn is projected to have approximately $7.5 billion in assets, significantly enhancing its market position in southeastern Pennsylvania and southern New Jersey, thereby increasing its competitiveness.
- Integration Strategy: Mid Penn's CEO stated that with regulatory approval, the focus will shift to seamless integration to ensure customer and shareholder interests, thereby laying the groundwork for future business growth.
See More
Mid Penn Bancorp Receives Approval for 1st Colonial Acquisition
- Transaction Value: Mid Penn Bancorp announced its acquisition of 1st Colonial Bancorp, valued at approximately $101 million, to be executed through a cash and stock transaction, with completion expected in Q1 2026, thereby enhancing Mid Penn's market position in the Philadelphia area.
- Asset Growth: Post-merger, Mid Penn is projected to have approximately $7.5 billion in assets, significantly boosting its competitiveness in the eastern markets, particularly in Pennsylvania and southern New Jersey.
- Regulatory Approval: The transaction has received all necessary regulatory approvals, marking a critical milestone in the merger process, with Mid Penn's CEO emphasizing a focus on seamless integration to support customer and shareholder interests.
- Shareholder Voting: A special meeting for 1st Colonial shareholders is scheduled for February 11, 2026, to vote on the approval of the transaction, which will impact the final completion timeline of the merger.
See More
MID PENN BANCORP, INC. AND 1ST COLONIAL BANCORP, INC. OBTAIN REGULATORY APPROVALS FOR THEIR MERGER
- Regulatory Approvals: Mid Penn Bancorp, Inc. and 1st Colonial Bancorp, Inc. have received necessary regulatory approvals for their merger.
- Merger Significance: The merger is expected to enhance the financial capabilities and market presence of both institutions.
See More
Mid Penn Bancorp Set to Go Ex-Dividend Soon
- Ex-Dividend Date Approaching: Mid Penn Bancorp will go ex-dividend on February 6, requiring investors to settle trades before this date to receive a dividend of $0.27 per share, which could impact investor income expectations.
- Dividend Payment Overview: The company distributed a total of $0.88 in dividends last year, resulting in a current yield of 2.7%, indicating stability in dividend maintenance, but the earnings coverage needs to be monitored closely.
- Stagnant Earnings Growth: Over the past five years, Mid Penn Bancorp's earnings have remained flat, and while the company reinvests more than half of its profits back into the business, the lack of earnings growth may affect future dividend sustainability.
- Equity Dilution Risk: The company issued more than 5% of its market cap in new shares over the past year, which could pressure its future dividend prospects, prompting investors to carefully assess potential risks.
See More
