Form 4: Mid Penn Director Acquires Shares Post-Merger

Mid Penn Bancorp Director Thomas R. Brugger reported acquiring 7,824 shares of common stock following the merger with 1st Colonial Bancorp.

Summary

• Thomas R. Brugger, a Director of Mid Penn Bancorp, Inc. (MPB), reported changes in beneficial ownership of MPB common stock.
• The transaction occurred on February 27, 2026, coinciding with the merger of 1st Colonial Bancorp, Inc. into Mid Penn Bancorp, Inc.
• Brugger acquired 2,466 shares directly, 5,310 shares indirectly through the Brugger Family Trust, and 48 shares indirectly through an IRA.
• The shares were acquired at a price of $0, indicating they were received as part of the merger conversion process.
• Each share of 1st Colonial common stock was converted into the right to receive either cash or 0.6945 of an MPB common stock share, subject to adjustment and proration.
• The total number of Mid Penn Bancorp common shares acquired by Mr. Brugger and related entities is 7,824.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this filing as moderately positive. It confirms the completion of a strategic merger and shows a director's continued stake in the combined entity, which generally signals confidence.

Positives

• The completion of the merger between 1st Colonial Bancorp, Inc. and Mid Penn Bancorp, Inc. signifies a strategic expansion for MPB.
• A director's acquisition of shares, even through a merger conversion, can be viewed as a positive signal of continued alignment with shareholder interests and confidence in the combined entity.

Risks

• The indicated shares are subject to final allocation and proration procedures, meaning the exact number of shares may be slightly adjusted.

Future Outlook

The shares acquired are subject to final allocation and proration procedures, indicating a minor administrative step remaining post-merger.

Industry Context

StockSavvy.ai notes that this merger reflects a continuing trend of consolidation within the regional banking sector, driven by the pursuit of scale, efficiency gains, and expanded market reach. Such transactions aim to enhance competitive positioning in an evolving financial landscape.

Related Party Transactions

• Thomas R. Brugger's indirect acquisition of 5,310 shares through the Brugger Family Trust and 48 shares through an IRA constitutes related party transactions.

Stakeholder Impact

• Shareholders of 1st Colonial Bancorp, Inc. received either cash or Mid Penn Bancorp, Inc. common stock as consideration for their shares.
• Mid Penn Bancorp, Inc. shareholders benefit from the strategic growth achieved through the merger and the continued alignment of a director's interests with the company's performance.

Next Steps

• Final allocation and proration procedures for the converted shares.

Key Dates

Keywords

Mid Penn Bancorp, MPB, 1st Colonial Bancorp, Merger, Insider Transaction, Form 4, Beneficial Ownership, Director Stock Acquisition, Regional Bank