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Mid Penn Bancorp, Inc. to Acquire Cumberland Advisors

1. Mid Penn Bancorp to acquire Cumberland Advisors for $3.3 billion in assets. 2. Cumberland reported $9 million revenue year-to-date, boosting MPB's growth potential.

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$29.5209/25 10:59 PM EDTLatest Updated
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FAQ

Why Bullish?

This strategic acquisition enhances MPB's asset base significantly, likely improving investor confidence. Historical examples show acquisitions can lead to stock price increases when they strengthen market position.

How important is it?

The acquisition is a significant corporate development that directly impacts MPB's operational scope and revenue potential, warranting a moderate to high importance score.

Why Long Term?

The acquisition's benefits, including increased assets and revenue, will unfold over time. Previous similar transactions in the banking sector have demonstrated delayed yet substantial price impacts.

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CUMDZIONPBCT
HARRISBURG, Pa.--(BUSINESS WIRE)--Mid Penn Bancorp, Inc. (NASDAQ: MPB) (“Mid Penn”), parent company of Mid Penn Bank, announced today that it has entered into an agreement to acquire Sarasota, FL-based Cumberland Advisors (“Cumberland”). Cumberland recorded a year-to-date annualized revenue of $9.0 million as of the quarter ended June 30, 2025, and is expected to bring approximately $3.3 billion new assets under management to the combined company. The Company expects the transaction to be earni.

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