Mid Penn Bancorp, Inc. and William Penn Bancorporation Receive Shareholder Approvals for Merger
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Merger Approval: Mid Penn Bancorp and William Penn Bancorporation shareholders have overwhelmingly approved the acquisition, 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 the Greater Philadelphia Metro area and is projected to result in combined assets of approximately $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.
