Mid Penn Bank Buying New Jersey Bank in $101 Million Deal

Mid Penn bank buying New Jersey bank in $101 million deal

According to a news release, the merger agreement has been unanimously approved by the board of directors of each company.

Mid Penn Bancorp to acquire 1st Colonial

Mid Penn Bancorp Inc. and 1st Colonial Bancorp Inc. announced this week that they have entered into a definitive agreement for Mid Penn to acquire 1st Colonial in a cash and stock transaction valued at approximately $101 million.   The transaction continues Mid Penn’s strategic expansion into the greater Philadelphia metropolitan area, the bank said in a release.  The merger agreement has been unanimously approved by the board of directors of ea…

Mid Penn to acquire 1st Colonial bank in $101M deal

The basics: Mid Penn to acquire 1st Colonial Bank in $101M cash and stock deal Merger expands Mid Penn’s reach into Philadelphia, South Jersey Combined bank to hold $7.2B in assets and operate 60+ branches 1st Colonial CEO Robert White to join Mid Penn in senior leadership role Mid Penn Bancorp is set to acquire Mount Laurel-based 1st Colonial Bank in a cash and stock deal valued at nearly $101 million. The board of directors of both companies …

Mid Penn Bancorp, Inc. Announces Agreement to Acquire 1st Colonial Bancorp, Inc.

Mid Penn Bancorp, Inc. (“Mid Penn”) (Nasdaq: MPB) and 1st Colonial Bancorp, Inc. (“1st Colonial”) (OTCPK: FCOB) jointly announced today that they have entere...