Mid Penn Bancorp completes purchase of Brunswick Bancorp

Harrisburg-based Mid Penn Bancorp, the parent company of Mid Penn Bank, recently announced it completed its acquisition of Brunswick Bancorp on May 19. The combined stock and cash transaction was valued at approximately $43.7 million.

“We are pleased to welcome Brunswick customers, employees, and shareholders to Mid Penn and Mid Penn Bank,” Mid Penn President and CEO Rory G. Ritrievi said. “As we introduce the Mid Penn brand of community banking into attractive new markets in New Jersey, we are committed to making this combination a positive one for all involved. We believe our commitment to offering the best products and services, delivered by the best financial professionals, will be appreciated by customers and the local communities at large.”

Brunswick’s banking subsidiary, Brunswick Bank &Trust Co., merged with and into Mid Penn Bank.

The combined company will have consolidated assets of approximately $5 billion.

The merger extends Mid Penn’s presence into Middlesex and Monmouth counties in central New Jersey.

Mid Penn Bank, a full-service commercial bank, operates throughout Pennsylvania and central New Jersey. It offers a portfolio of financial products and services.

Mid Penn Bancorp also is the parent company of MPB Financial Services, a specialized investment strategies, insurance, and planning services provider.