A New Chapter Begins: Shareholders Approve Historic Merger Between 1st Colonial Bancorp and Mid Penn Bancorp!
HARRISBURG, Pa. – February 11, 2026 – We’re thrilled to share some exciting news from the financial world! 1st Colonial Bancorp, Inc. today announced that its shareholders have overwhelmingly approved the previously announced merger with Mid Penn Bancorp, Inc. This pivotal vote, held earlier today, marks a significant milestone in bringing together two strong, community-focused financial institutions.
This approval is a critical step forward, paving the way for the creation of a larger, more robust banking entity poised to deliver enhanced services and expanded opportunities across Pennsylvania and beyond. The combined organization will boast a more extensive branch network, a wider array of financial products, and an even deeper commitment to the communities it serves.
The merger is expected to combine 1st Colonial Bancorp, Inc.’s strong presence and customer base with Mid Penn Bancorp, Inc.’s comprehensive financial solutions and strategic growth initiatives. This synergistic union is anticipated to result in increased operational efficiencies, greater market penetration, and ultimately, enhanced value for shareholders and a superior banking experience for customers.
“We are incredibly pleased with the resounding support from our shareholders,” stated a representative from 1st Colonial Bancorp. “Their approval underscores the compelling strategic and financial benefits of this merger. We look forward to joining forces with Mid Penn Bancorp to build a stronger, more competitive institution that will better serve our customers, communities, and employees.”
While shareholder approval is a major hurdle cleared, the merger remains subject to customary closing conditions, including the receipt of all necessary regulatory approvals. Both companies are working diligently to complete these remaining steps, with a target closing anticipated in the second quarter of 2026.
We will continue to keep you updated on this exciting development as we move closer to finalizing this landmark merger. Get ready for a new era of banking excellence!
Source: Original Article
