Mid Penn Bancorp and Brunswick Bancorp Receive Regulatory Approval for Merger

Mid Penn Bancorp and Brunswick Bancorp received all required approvals from the applicable bank regulatory agencies to complete the merger of Brunswick with Mid Penn. Shareholders from both Mid Penn and Brunswick also overwhelmingly approved the transaction at special meetings.

“We are pleased to have timely received all regulatory and shareholder approvals required in order to consummate our acquisition of Brunswick Bancorp, a transaction that supports our growth objectives, complements our franchise and propels long-term shareholder value,” Rory G. Ritrievi, CEO and president of Mid Penn, said. “The level of support for this transaction was tremendous. Of the total number of votes received, over 99% of Brunswick shares voted in favor of the merger and more than 97% of Mid Penn shares also voted in favor of the merger.”

The merger will extend Mid Penn’s footprint into new markets and will expand its presence into central New Jersey. The acquisition is subject to various conditions to closing and is anticipated to close in Q2/23.

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