Mid Penn Bancorp, Inc. to Acquire Cumberland Advisors
Mid Penn Bancorp (MPB)
Last mid penn bancorp earnings: 4/27 04:01 pm
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US:NASDAQ Investor Relations:
midpennbank.com/investors
Company Research
Source: Business Wire
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 earnings-accretive immediately upon closing. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. Upon completion of the transaction, Cumberland leadership and team members will join Mid Penn.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250925599810/en/Cumberland is a Registered Investment Advisory firm headquartered in Sarasota, FL, and has been in business for 52 years. Founde
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MPB
News
- Mid Penn Bancorp (NASDAQ:MPB) had its price target raised by analysts at Keefe, Bruyette & Woods from $34.00 to $37.00. They now have an "outperform" rating on the stock.MarketBeat
- Mid Penn Bancorp (NASDAQ:MPB) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Mid Penn Bancorp, Inc. Reports Third Quarter Earnings and Declares 60th Consecutive Quarterly DividendBusiness Wire
- With 46% ownership, Mid Penn Bancorp, Inc. (NASDAQ:MPB) has piqued the interest of institutional investors [Yahoo! Finance]Yahoo! Finance
- Mid Penn Bancorp, Inc. to Acquire Cumberland Advisors [Yahoo! Finance]Yahoo! Finance
MPB
Earnings
- 1/22/25 - Miss
MPB
Sec Filings
- 11/24/25 - Form S-4
- 11/20/25 - Form 4
- 11/12/25 - Form SCHEDULE
- MPB's page on the SEC website