An announcement from William Penn Bancorp ( (WMPN) ) is now available.
Mid Penn Bancorp, Inc. is set to acquire William Penn Bancorporation in a merger valued at approximately $127 million, expected to close in the first half of 2025. This all-stock transaction will create a robust community banking franchise with significant assets, loans, and deposits, enhancing Mid Penn’s presence in Pennsylvania and New Jersey. The merger is anticipated to be immediately beneficial to Mid Penn’s earnings per share and aligns with its strategic growth plans. Shareholders of William Penn will receive shares of Mid Penn common stock in exchange.
For a thorough assessment of WMPN stock, go to TipRanks’ Stock Analysis page.