Mid Penn Bancorp Acquires Riverview Financial Corporation

Mid Penn Bancorp Acquires William Penn Bancorporation

April 30, 2025

Financial Services

Mid Penn Bancorp, Inc. completed its all-stock acquisition of William Penn Bancorporation on April 30, 2025 in a transaction valued at approximately $120 million. The merger combines William Penn Bank into Mid Penn Bank, expands Mid Penn’s footprint into the Greater Philadelphia and Southern New Jersey regions, and results in consolidated assets of about $6.3 billion; William Penn’s CEO Kenneth J. Stephon joins Mid Penn’s board and senior leadership.

Mid Penn Bancorp Acquires Cumberland Advisors

January 1, 2026

Wealth Management

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.

Northwest Bancshares Acquires Penns Woods Bancorp

July 28, 2025

Financial Services

Northwest Bancshares, Inc. completed its merger with Penns Woods Bancorp, Inc., effective July 25, 2025, folding Penns Woods and its subsidiary banks into Northwest and Northwest Bank. The deal adds 21 branch locations across north-central and northeastern Pennsylvania and expands Northwest's retail footprint to 151 financial centers; Penns Woods CEO Richard A. Grafmyre was appointed to Northwest's board.

Westrock Coffee Company Completes Business Combination with Riverview Acquisition Corp.

April 3, 2022

Food & Beverage

Westrock Coffee Company entered into a business combination with Riverview Acquisition Corp., becoming a publicly listed company on the Nasdaq under the ticker "WEST". The transaction delivered approximately $500 million of gross cash proceeds including $250 million in PIPE commitments and secured new credit facilities to refinance debt and fund Westrock's manufacturing expansion and international growth initiatives.

Princeton Bancorp Acquires Cornerstone Financial Corporation

January 18, 2024

Financial Services

Princeton Bancorp, Inc., the parent of The Bank of Princeton, agreed to acquire Cornerstone Financial Corporation, the holding company of Cornerstone Bank, in a stock-and-cash merger valued at approximately $17.9 million. The deal, approved by both boards, will add Cornerstone’s ~ $321 million in assets and six branch locations to Princeton’s footprint in southern New Jersey and is expected to close in mid-2024 pending regulatory and shareholder approvals.

F.N.B. Corporation Acquires Howard Bancorp, Inc. (Howard Bank)

January 24, 2022

Financial Services

F.N.B. Corporation (FNB) agreed to acquire Howard Bancorp, Inc., including its wholly owned subsidiary Howard Bank, in an all-stock transaction valued at approximately $418 million (1.8 shares of FNB per Howard share). The deal expands FNB’s Mid-Atlantic footprint—adding 13 Baltimore-area branches and roughly $2.6 billion in assets—and is intended to be accretive with cost savings and enhanced product capabilities for Howard customers.