MPB News & Events

Mid Penn Bancorp is pleased to announce the reauthorization and expansion of its treasury stock repurchase program, which now accommodates up to an additional $50M in repurchase activity. On April 21, the Board of Directors of Mid Penn approved the renewal of the corporation's treasury stock repurchase program through April 30, 2027, as well as an increase in the number of shares available for future repurchases under the program. As modified, the repurchase program authorizes the corporation to repurchase up to an additional $50M of corporation common stock, from time to time. The shares may be purchased in open market or private transactions, including pursuant to Rule 10b5-1 trading plans, at the discretion of management and subject to the limitations of applicable securities laws.

Mid Penn Bancorp (MPB) and 1st Colonial Bancorp (FCOB) announced that shareholders from 1st Colonial approved Mid Penn's proposed acquisition of 1st Colonial at a special meeting of 1st Colonial's shareholders. Of the total number of votes received, over 99% of 1st Colonial shares voted in favor of the merger proposal. The merger will extend Mid Penn's footprint into the Greater Philadelphia area market, and will expand its presence in Southeastern Pennsylvania and Southern New Jersey. Mid Penn, on a pro forma basis following completion of the merger, is expected to have approximately $7.5B in assets as of March 31.

Mid Penn Bancorp (MPB) and 1st Colonial Bancorp (FCOB) announced that they have received all required regulatory approvals to complete the previously announced transaction pursuant to which Mid Penn will acquire 1st Colonial in a cash and stock transaction valued at approximately $101M. Pending receipt of approval from shareholders of 1st Colonial, and certain other customary closing conditions, the parties intend to close the transaction in the first quarter of 2026. Following completion of the merger, 1st Colonial will be merged with and into Mid Penn Bank.

Mid Penn Bancorp declared a special dividend of 5c per common share, payable February 17 to shareholders of record as of February 6.