Mid Penn Bancorp Completes Acquisition of 1st Colonial Bancorp

Mid Penn Bancorp ( (MPB) ) has shared an announcement.

Mid Penn Bancorp, Inc. announced that it completed its acquisition of 1st Colonial Bancorp, Inc. after the close of business on February 27, 2026, in a cash-and-stock deal valued at about $106.1 million, merging 1st Colonial Community Bank into Mid Penn Bank. The transaction, disclosed in a March 2, 2026 release, expands Mid Penn’s footprint in the greater Philadelphia metropolitan area and southern New Jersey and brings the combined company’s consolidated assets to roughly $7 billion.

As part of the merger, former 1st Colonial director Thomas R. Brugger, a veteran banking executive with more than 30 years of industry experience and prior CFO roles at several regional banks, was appointed a Class A director of Mid Penn and Mid Penn Bank at the effective time of the transaction. Brugger joined the Mid Penn Board’s Audit and Risk Committees and the Mid Penn Bank Board’s Trust Committee and will receive the standard compensation and equity-related eligibility afforded to Mid Penn’s non-employee directors.

The most recent analyst rating on (MPB) stock is a Buy with a $37.00 price target. To see the full list of analyst forecasts on Mid Penn Bancorp stock, see the MPB Stock Forecast page.

Spark’s Take on MPB Stock

According to Spark, TipRanks’ AI Analyst, MPB is a Outperform.

MPB scores well primarily on strong financial health (low leverage and healthy profitability) and supportive corporate developments (strong Q4 results and dividend actions, plus strategic acquisitions). Technicals are constructive with positive trend signals, while valuation appears reasonable; the main constraints are margin pressure and mixed cash-flow efficiency signals.

To see Spark’s full report on MPB stock, click here.

More about Mid Penn Bancorp

Mid Penn Bancorp, Inc., headquartered in Harrisburg, Pa., is the parent company of Mid Penn Bank, a full-service commercial bank operating 62 retail locations across Pennsylvania and central and southern New Jersey. The company manages approximately $7 billion in assets and offers a broad range of financial products and services to consumers and businesses in its regional markets.

Average Trading Volume: 107,530

Technical Sentiment Signal: Strong Buy

Current Market Cap: $741.3M

For an in-depth examination of MPB stock, go to TipRanks’ Overview page.