Mid Penn Bancorp to acquire William Penn Bancorporation for $127m.

Mid Penn Bancorp, the parent company of Mid Penn Bank, a full-service commercial bank, agreed to acquire William Penn Bancorporation, the holding company for William Penn Bank that provides retail and commercial banking products, for $127m. “We are excited to welcome the William Penn shareholders, customers and employees to Mid Penn. As longstanding community banks headquartered in Pennsylvania, both Mid Penn and William Penn have grown to know and respect each other’s operating philosophy, dedication to providing best-in-class customer service and commitment to the communities in which we operate. This merger will bolster Mid Penn’s presence in the attractive greater Philadelphia metro area market, aligning with our strategic plan of disciplined growth in the southeastern region of Pennsylvania and the southern region of New Jersey. Together, we look forward to joining the two companies to expand our footprint and, in turn, enhance our ability to deliver for our customers, communities and shareholders,” Rory G. Ritrievi, Mid Penn Chair, President and CEO.