Mid Penn Bancorp, Inc., the parent company of Mid Penn Bank, has received all required regulatory approvals to move forward with its planned acquisition of 1st Colonial Bancorp, Inc., the parent company of 1st Colonial Community Bank. The transaction, valued at approximately $101 million in cash and stock, is expected to close in the first quarter of 2026, pending approval from 1st Colonial shareholders and other customary closing conditions. Once completed, 1st Colonial will be merged into Mid Penn Bank, expanding Mid Penn’s footprint into the greater Philadelphia metropolitan area, southeastern Pennsylvania, and southern New Jersey. On a pro forma basis, Mid Penn is expected to have approximately $7.5 billion in assets as of March 31, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mid Penn Bancorp Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260206497733) on February 06, 2026, and is solely responsible for the information contained therein.