Mid Penn Bancorp and 1st Colonial Bancorp Receive Regulatory Approvals for Merger.

Mid Penn Bancorp and 1st Colonial Bancorp have received regulatory approvals to complete their merger, valued at approximately $101 million. The transaction is expected to close in the first quarter of 2026, pending shareholder approval. The merger will expand Mid Penn's presence in southeastern Pennsylvania and southern New Jersey, and the company will have approximately $7.5 billion in assets after the merger.