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Stock impact report

Mid Penn Bancorp, Inc. to Acquire William Penn Bancorporation [Yahoo! Finance]

Mid Penn Bancorp (MPB) 
Last mid penn bancorp earnings: 4/27 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: midpennbank.com/investors
Company Research Source: Yahoo! Finance
Penn") (NASDAQ: WMPN) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which William Penn will merge with and into Mid Penn (the "Merger") in an all-stock transaction valued at approximately $127 million, based on Mid Penn's closing stock price as of October 30, 2024. The Merger has been approved unanimously by each company's board of directors and is expected to close in the first half of 2025. Completion of the transaction is subject to customary closing conditions, including the receipt of required regulatory approvals and the approval of Mid Penn and William Penn shareholders. Headquartered in Bristol, Pennsylvania, William Penn operates 12 branches across Pennsylvania and New Jersey. As of September 30, 2024, William Penn had approximately $812 million in total assets, $465 million in total loans and $630 million in total deposits. The Merger will create a powerful combined community banking franchise with approximately Show less Read more
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