Mid Penn Bancorp, Inc. completed its previously announced acquisition of 1st Colonial Bancorp, Inc. on February 27, 2026. The transaction, valued at approximately $106.1 million, involved a cash-and-stock exchange. 1st Colonial merged with and into Mid Penn, and 1st Colonial Community Bank merged with and into Mid Penn Bank. Each share of 1st Colonial common stock was converted into either 0.6945 shares of Mid Penn common stock or $18.50 in cash, subject to proration such that 60% was converted to stock and 40% to cash. Mid Penn issued approximately 2,111,076 shares of its common stock and paid approximately $37.5 million in cash to holders of 1st Colonial common stock. The combined company now has total assets of approximately $7 billion and operates 62 retail locations throughout Pennsylvania and central and southern New Jersey. Thomas R. Brugger, a former director of 1st Colonial, was appointed as a Class A director of Mid Penn and Mid Penn Bank, effective February 27, 2026.