Mid Penn Bancorp strikes deal to acquire rival, expand in Philadelphia [Yahoo! Finance]
Mid Penn Bancorp (MPB)
Last mid penn bancorp earnings: 4/27 04:01 pm
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midpennbank.com/investors
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Source: Yahoo! Finance
The deal, expected to close in the first half of 2025, would create a combined bank with $6.3 billion of assets, $4.9 billion of loans and $5.3 billion of deposits, the companies said in a joint press release. It would have about 57 branches. The $812 million-asset William Penn has about $465 million of loans and $630 million of deposits. The bank, based in the Philadelphia suburb of Bristol, operates 12 branches in Pennsylvania and New Jersey. "This merger will bolster Mid Penn's presence in the attractive Greater Philadelphia metro area market, aligning with our strategic plan of disciplined growth in the southeastern region of Pennsylvania and the southern region of New Jersey," Mid Penn Chairman and CEO Rory Ritrievi said in the release. Mid Penn said the deal was expected to be immediately accretive to its earnings per share. Both banks trumpeted the merits of added scale, saying that by joining forces they could offer more services and better compete with larger peers.
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News
- Matthew DeSoto Spends US$543k On Mid Penn Bancorp Stock [Yahoo! Finance]Yahoo! Finance
- Mid Penn Bancorp, Inc. Announces Closing of Public Offering of Common Stock [Yahoo! Finance]Yahoo! Finance
- Mid Penn Bancorp, Inc. Announces Closing of Public Offering of Common StockBusiness Wire
- Two Pennsylvania banks merge into one [Yahoo! Finance]Yahoo! Finance
- Is It Smart To Buy Mid Penn Bancorp, Inc. (NASDAQ:MPB) Before It Goes Ex-Dividend? [Yahoo! Finance]Yahoo! Finance
MPB
Earnings
- 10/23/24 - Beat
MPB
Sec Filings
- 12/11/24 - Form 425
- 12/11/24 - Form 8-K
- 12/4/24 - Form 4
- MPB's page on the SEC website