Mid Penn Bank

What Mid Penn Bank does

Mid Penn Bancorp, Inc. is a Pennsylvania-chartered bank holding company that operates Mid Penn Bank, a regional commercial and retail banking franchise serving individuals, small and mid-sized businesses, and institutional clients across Pennsylvania and, following recent acquisitions, central and southern New Jersey and the greater Philadelphia metropolitan area. Founded in 1868 and headquartered in Millersburg, PA, the company is publicly traded on NASDAQ under ticker MPB with a market capitalization of approximately $710 million as of January 2026. Following the February 2026 closing of the 1st Colonial Bancorp acquisition, Mid Penn holds approximately $7 billion in total assets and operates 62 retail branch locations.

The company's revenue model is anchored in traditional community banking: net interest income from commercial and consumer lending and deposit gathering, complemented by fee income from wealth management. Q1 2026 total revenues were reported at $64.9 million (adjusted) / $63.25 million (GAAP). In January 2026, Mid Penn expanded into investment advisory by acquiring Sarasota-based Cumberland Advisors, which now operates as Cumberland Advisors, LLC, a wholly owned subsidiary managing approximately $3.2 billion in assets under management and serving individual investors, financial advisors, and institutional clients. The combined business spans core deposit accounts, commercial and consumer lending, and registered investment advisory services.

Distribution is conducted through the 62-branch physical retail network across Pennsylvania and New Jersey, with no specific digital channel strategy articulated in the available sources. Recent corporate actions include a $50 million expansion of the company's stock buyback program authorized through April 2027, multiple insider director share purchases, and the appointment of a new Chief Operating Officer to support integration of the acquired businesses. The input data does not disclose any proprietary technology stack, AI/ML capability, or non-bank digital product surface.

Name

Mid Penn Bank

Legal name

Mid Penn Bancorp, Inc.

Website

https://midpennbank.com

Company type

Public

Founded year

1868

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mid Penn Bancorp, Inc. is a Pennsylvania-based regional bank holding company that operates Mid Penn Bank, providing commercial and retail banking services through 62 branches across Pennsylvania and southern New Jersey, and investment advisory through its Cumberland Advisors subsidiary.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Bank-Affiliated Retail Wealth Management (FSAAAAAB)

Keywords

• Community banking services
• Commercial lending
• Retail banking
• Wealth management
• Investment advisory services

Headquarters

HQ city

Millersburg

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Distribution channels1 record

Core offering

Mid Penn Bank operates as a regional banking subsidiary of Mid Penn Bancorp, offering full-service commercial and retail banking including deposit accounts, commercial lending, and personalized community banking relationships through 62 retail locations across Pennsylvania and central/southern New Jersey. Following the 1st Colonial Bancorp and Cumberland Advisors acquisitions, the bank also provides investment advisory services managing approximately $3.2 billion in assets under management.

Product overview

Mid Penn Bank operates as a regional banking subsidiary of Mid Penn Bancorp, offering core banking services through 62 retail locations across Pennsylvania and central/southern New Jersey. Following the acquisition of 1st Colonial Bancorp (including 1st Colonial Community Bank) in February 2026 and Cumberland Advisors in January 2026, the company has expanded to approximately $7 billion in total assets and $3.2 billion in assets under management through its investment advisory subsidiary.

Differentiator

Problem solved

Functional benefit

Products and services

• Mid Penn Bank Regional Banking
• Cumberland Advisors, LLC Investment Advisory

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• 1st Colonial Bancorp, Inc.coreStrategic or Co-development Partner · 27 February 2026Mid Penn Bancorp completed acquisition of 1st Colonial Bancorp, Inc. in a cash-and-stock transaction valued at approximately $106.1 million. 1st Colonial Community Bank was merged into Mid Penn Bank, extending Mid Penn's presence into the greater Philadelphia metropolitan area and southern New Jersey. The combined entity has approximately $7 billion in total assets.
• Cumberland Advisors, Inc.coreStrategic or Co-development Partner · 1 January 2026Mid Penn Bancorp completed acquisition of Sarasota-based Cumberland Advisors, bringing approximately $3.2 billion in assets under management. Cumberland operates as Cumberland Advisors, LLC, a newly formed subsidiary of Mid Penn, expanding the company's financial solutions offerings to include investment advisory services.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Univest Financial Corporation: Univest is a Pennsylvania-based bank holding company providing commercial, retail, and wealth management services across southeastern PA and the greater Philadelphia region, directly overlapping Mid Penn's core footprint.
• Tompkins Financial Corporation: Tompkins Financial is a NY- and PA-based community bank holding company offering commercial, retail, and wealth management services, with similar acquisition-driven growth patterns in the Northeast/Mid-Atlantic.
• Customers Bancorp: Customers Bancorp is a Pennsylvania-headquartered bank holding company with commercial and consumer banking operations across the Mid-Atlantic, offering a comparable mix of commercial lending and retail deposits.
• WSFS Financial Corporation: WSFS is a Delaware Valley-based regional bank holding company operating in PA, NJ, and DE with commercial banking, retail, and wealth management. Its Philadelphia-area footprint overlaps substantially with Mid Penn's post-1st Colonial geography.
• ACNB Corporation: ACNB Corporation is a Pennsylvania-based community bank holding company with retail and commercial banking across south-central PA and northern MD, comparable in scale and community-banking orientation to Mid Penn.
• Fulton Financial Corporation: Fulton Financial is a Pennsylvania-headquartered regional bank holding company operating across PA, NJ, MD, DE, VA, and DC with comparable community/commercial banking and wealth management offerings, directly overlapping Mid Penn's footprint and product set.
• Lakeland Bancorp: Lakeland Bancorp is a New Jersey-based community bank holding company serving northern and central NJ with commercial and retail banking, directly comparable to Mid Penn's NJ expansion following the 1st Colonial acquisition.
• Peapack-Gladstone Financial Corporation: Peapack-Gladstone is a New Jersey-based commercial and private banking franchise serving high-net-worth clients and businesses, comparable in scale and in its NJ market overlap with Mid Penn's expanded footprint.
• FNB Corporation: FNB Corporation is a Pittsburgh-based regional bank with a strong Pennsylvania and Mid-Atlantic branch network offering commercial lending, retail banking, and wealth management — a directly comparable peer in scale and geography.

Broad incumbents

• Sandy Spring Bancorp: Sandy Spring Bancorp is a larger Mid-Atlantic regional bank holding company operating across MD, VA, DC, and PA with commercial banking, mortgage, and wealth management — broader in scale and geography but overlapping Mid Penn's Mid-Atlantic presence.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/mid_penn_bank
• Facebookfacebook.com/midpennbank
• LinkedInlinkedin.com/company/mid-penn-bank

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mid Penn Bank