Mid Penn Bancorp Acquires Cumberland Advisors
January 1, 2026
Mid Penn Bancorp completed its acquisition of Sarasota-based registered investment advisor Cumberland Advisors on January 1, 2026, adding approximately $3.2 billion in assets under management. Cumberland has been merged into a newly formed Mid Penn subsidiary operating as Cumberland Advisors, LLC, and its investment advisory professionals have joined Mid Penn to expand the bank’s wealth and investment management capabilities; financial terms were not disclosed.
- Buyers
- Mid Penn Bancorp, Inc.
- Targets
- Cumberland Advisors, Inc.
- Sellers
- Cumberland Advisors shareholders
- Industry
- Wealth Management
- Location
- Florida, United States
- Transaction Type
- Buyout
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