William Penn Bancorporation
Market Movers (8-K)
Mid Penn Bancorp finalized its acquisition of William Penn Bancorporation on April 30, 2025, marking the completion of the merger agreement.
William Penn Bancorporation and Mid Penn Bancorp are set to finalize their merger on or about April 30, 2025, following the receipt of all necessary approvals.
Shareholders of both Mid Penn Bancorp and William Penn Bancorporation have overwhelmingly approved the proposed acquisition of William Penn by Mid Penn.
Mid Penn Bancorp and William Penn Bancorporation have received all necessary regulatory approvals for their proposed merger and anticipate closing the transaction in the second quarter of 2025.
William Penn Bancorporation announced a net loss for the quarter ended December 31, 2024, impacted by merger-related expenses, while also declaring a cash dividend of $0.03 per share.
Worse than expected
Mid Penn Bancorp will acquire William Penn Bancorporation in an all-stock transaction valued at $127 million, expanding its presence in the Philadelphia region.
Better than expected
Capital raise
Quarterly Earnings (10-Q)
William Penn Bancorporation reported a net loss for the quarter ended December 31, 2024, primarily due to merger-related expenses, despite strong asset quality metrics.
Worse than expected
William Penn Bancorporation reported a net loss for the quarter ended September 30, 2024, and announced a merger agreement with Mid Penn Bancorp.
Worse than expected
William Penn Bancorporation's Q3 2024 results show a decrease in net interest income and an increase in non-interest income, alongside a significant share repurchase program.
Worse than expected
William Penn Bancorporation's second quarter results show a decrease in net income and net interest income, impacted by rising interest rates and reduced loan demand, despite a reduction in non-interest expenses.
Worse than expected
Annual Reports (10-K)
10-K: William Penn Bancorporation Reports Mixed Results in Annual 10-K Filing Amidst Economic Headwinds
William Penn Bancorporation's annual report reveals a decrease in net income and net interest income, alongside strategic shifts in lending and capital management.
Worse than expected
Insider Trading (Form 4)
Director William J Feeney reports the disposal of William Penn Bancorporation shares and stock options following the merger with Mid Penn Bancorp, with shares converted to Mid Penn common stock at an exchange ratio of 0.426.
Director Vincent Peter Sarubbi reports the disposition of William Penn Bancorporation shares and options due to the merger with Mid Penn Bancorp, where shares were converted into Mid Penn common stock at an exchange ratio of 0.426.
Director Donald Michael Carmody Jr. reports the disposition of William Penn Bancorporation shares and options due to the merger with Mid Penn Bancorp, where William Penn merged into Mid Penn.
Director Christopher Matthew Molden reports the disposal of William Penn Bancorporation shares and stock options following the merger with Mid Penn Bancorp, Inc.
Director Glenn Davis reports the disposition of William Penn Bancorporation shares and stock options due to the merger with Mid Penn Bancorp, where shares were converted into Mid Penn common stock.
Director Terry L. Sager reports the disposal of William Penn Bancorporation shares and options due to the merger with Mid Penn Bancorp, along with the conversion of stock awards and options into Mid Penn equivalents.
Proxy Statements (Def-14A)
Mid Penn Bancorp and William Penn Bancorporation have entered into a merger agreement where William Penn will merge into Mid Penn, pending shareholder and regulatory approvals.
William Penn Bancorporation has filed a definitive proxy statement related to its upcoming shareholder meeting.
William Penn Bancorporation will hold its annual shareholder meeting virtually on November 20, 2024, to elect directors and ratify the selection of its independent accounting firm.