Mid Penn Bancorp Inc. Finalizes Acquisition of William Penn Bancorporation, Expanding Presence into Greater Philadelphia and Southern New Jersey
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Mid Penn Bancorp, Inc. has completed its acquisition of William Penn Bancorporation, effective April 30, 2025. The all-stock transaction, valued at approximately $120 million, enhances Mid Penn's presence in Greater Philadelphia and Southern New Jersey. Following the merger, William Penn Bank is now part of Mid Penn Bank, resulting in consolidated assets of about $6.3 billion. Kenneth J. Stephon from William Penn joins Mid Penn's leadership as Vice Chair and Chief Corporate Development Officer.
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