Mid Penn Bancorp completed its acquisition of Mount Laurel-based 1st Colonial Bancorp, finalizing the $106.1 million cash-and-stock deal Feb. 27.

NJBIZ previously reported on the transaction. It merges 1st Colonial subsidiary 1st Colonial Community Bank into Mid Penn Bank.

The deal expands Harrisburg-based Mid Penn’s footprint in South Jersey and the greater Philadelphia metropolitan area.

The partners first announced the strategic growth plan in September 2025. The combined company now has roughly $7 billion in total assets. It boasts more than 60 branch locations across Central and South Jersey and Pennsylvania.

“We are pleased to complete our merger with 1st Colonial and to welcome its customers and employees to Mid Penn Bank and its shareholders to Mid Penn Bancorp, Inc.,” said Mid Penn Chair, President and CEO Rory Ritrievi. “This transaction builds on our existing presence in the greater Philadelphia and southern New Jersey markets and enhances our ability to serve customers with additional resources and capabilities.”

As part of the agreement, former 1st Colonial Director Thomas Brugger joined the boards of Mid Penn and Mid Penn Bank.

Ritrievi added, “Our focus now is on executing a smooth transition and continuing to deliver the personalized service our customers and communities expect.”

Other recent bank M&A moves:

• Fulton Financial, Blue Foundry win merger approvals
• Columbia, Northfield to merge in $597M NJ bank deal
• OceanFirst to buy Flushing Bank in $579M merger