Mid Penn and William Penn receive shareholder approval for merger
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Merger Approval: Shareholders of Mid Penn Bancorp and William Penn Bancorporation have overwhelmingly approved the merger, with over 96% of William Penn shares and more than 98% of Mid Penn shares voting in favor.
Expansion Plans: The merger will enhance Mid Penn's presence in Southeastern Pennsylvania and Central and Southern New Jersey, projecting assets of $6.3 billion post-merger.
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.
