Acquisition History / Mid Penn Bancorp, Inc. / 1st Colonial Bancorp, Inc.
Mid Penn Bancorp, Inc. Acquires 1st Colonial Bancorp, Inc.
Announced February 27, 2026 — $106M
What happened
Mid Penn Bancorp closed its acquisition of Philadelphia-based 1st Colonial Bancorp on February 27, 2026 for an aggregate purchase price of $106M, issuing about 2,111,076 Mid Penn shares and paying approximately $37.5M in cash to 1st Colonial shareholders.
- Acquirer
- Mid Penn Bancorp, Inc.
- Target
- 1st Colonial Bancorp, Inc.
- Announced
- February 27, 2026
- Price
- $106M
- Industry
- Community banking
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Mid Penn Bancorp, Inc. acquire 1st Colonial Bancorp, Inc.?
Mid Penn Bancorp, Inc. acquired 1st Colonial Bancorp, Inc. on February 27, 2026. This was Mid Penn Bancorp, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Mid Penn Bancorp, Inc. pay for 1st Colonial Bancorp, Inc.?
Mid Penn Bancorp, Inc. paid $106M for 1st Colonial Bancorp, Inc..
What does 1st Colonial Bancorp, Inc. do?
Mid Penn Bancorp closed its acquisition of Philadelphia-based 1st Colonial Bancorp on February 27, 2026 for an aggregate purchase price of $106M, issuing about 2,111,076 Mid Penn shares and paying approximately $37.5M in cash to 1st Colonial shareholders.
What other Community banking companies has Mid Penn Bancorp, Inc. acquired?
1st Colonial Bancorp, Inc. is Mid Penn Bancorp, Inc.'s only publicly tracked acquisition in Community banking so far.