SUMMARY This summary highlights information contained elsewhere in this joint proxy statement/prospectus and may not contain all of the information that is important to you. We urge you to carefully read the entire joint proxy statement/prospectus and the other documents to which we refer in order to fully understand the merger and the related transactions. See “Where You Can Find More Information.” Information about the Parties Mid Penn Bancorp, Inc. Mid Penn Bancorp, Inc. is the financial holding company for Mid Penn Bank, a full-service Pennsylvania chartered bank and trust company originally organized in 1868, as well an insurance agency subsidiary formed to further expand Mid Penn’s suite of products and services. Mid Penn is regulated by the Board of Governors of the Federal Reserve System. Mid Penn Bank is regulated by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. Headquartered in Millersburg, Pennsylvania, Mid Penn Bank services its customers and communities through forty-five retail banking locations located in the Pennsylvania counties of Berks, Blair, Bucks, Center, Chester, Clearfield, Cumberland, Dauphin, Fayette, Huntingdon, Lancaster, Lehigh, Luzerne, Montgomery, Perry, Schuylkill and Westmoreland, along with three retail banking locations located in the New Jersey counties of Middlesex and Monmouth. Mid Penn Bank engages in full-service commercial banking and trust business, making available to the community a wide range of financial services, including, but not limited to, mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities and local government loans, and various types of deposits and IRAs. In addition, the Bank provides a full range of trust and wealth management services through its Trust Department. Deposits are insured by the Federal Deposit Insurance Corporation to the extent provided by law. The financial services are provided to individuals, partnerships, non-profit organizations, and corporations through its retail banking offices located throughout Pennsylvania and two counties in New Jersey. Mid Penn also fulfills the insurance needs of both existing and potential customers through a wholly owned subsidiary, MPB Risk Services, LLC, doing business as MPB Insurance and Risk Management. In 2021, Mid Penn established MPB Launchpad Fund I, LLC to hold certain financial holding company eligible investments. Our principal business is to supervise and coordinate the business of the Bank and our nonbank subsidiaries, and to provide those subsidiaries with the capital and resources necessary to fulfill their respective missions. The principal executive offices of Mid Penn are located at 2407 Park Drive, Harrisburg, Pennsylvania 17110 and its telephone number is (866) 642-7736. Mid Penn common stock is traded on The Nasdaq Global Market under the symbol “MPB.” William Penn Bancorporation William Penn was incorporated in 2020 as a bank holding company, organized under the laws of Maryland, as the successor to William Penn Bancorp, Inc. upon completion of William Penn Bank’s “second-step” conversion from the mutual holding company structure to the stock holding company structure. The second-step conversion was completed on March 24, 2021. William Penn is the bank holding company for William Penn Bank, a fullservice Pennsylvania chartered stock savings bank. William Penn is regulated by the Board of Governors of the Federal Reserve System and William Penn Bank is regulated by the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corporation. William Penn Bank offers consumer and commercial banking services to individuals, businesses, and nonprofit organizations throughout the Delaware Valley area through twelve full-service branch offices in Bucks and 13
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