Mid Penn Bancorp to acquire 1st Colonial Bancorp for $101m.

Mid Penn Bancorp, a commercial banking company, agreed to acquire 1st Colonial Bancorp, a New Jersey-based banking institution, for $101m. “We are thrilled to be joining forces with Mid Penn, a recognized regional banking leader. The strategic transaction will create tremendous opportunity for our Team Members, valued customers, and our dedicated shareholders. The combination will allow for an expansion of our product and service offering, as well as bring greater financial capacity for continued investment in our company and our communities,” Robert White, 1st Colonial President and CEO.