HARRISBURG, Pa.- A bank that has several locations across the 69 News viewing area is starting the new year with a new acquisition under its belt.

Mid Penn Bancorp, Inc., the parent company of Mid Penn Bank, said its purchase of Cumberland Advisors became official on January 1, 2026.

Cumberland Advisors is an investment advisory firm based in Sarasota, Fla. It had about $3.2 billion in assets at the end of 2025, Mid Penn Bancorp said in a news release. Cumberland has been merged into a newly formed subsidiary of Mid Penn called Cumberland Advisors, LLC.

It’s the latest in a string of acquisitions for Mid Penn in recent years.

Last September, the company said it would acquire the New Jersey-based 1st Colonial Bancorp, Inc. in a cash and stock transaction valued at approximately $101 million. The transaction is expected to close late in the first quarter or early in the second quarter of 2026.

Earlier in 2025, Mid Penn said it had completed its purchase of Bucks County’s William Penn Bancorporation, the parent company of William Penn Bank. The all-stock transaction was valued at approximately $120 million.

In 2023, Mid Penn completed its $43.7 million purchase of Brunswick Bancorp, which operated Brunswick Bank & Trust in New Jersey’s Middlesex and Monmouth counties.

Mid Penn is headquartered in Harrisburg, Pennsylvania. It operates 61 locations throughout Pennsylvania and central and southern New Jersey, including South Whitehall Township, Lehigh County; Spring Township, Berks County; and West Brunswick Township, Schuylkill County. 

Shares of Mid Penn Bancorp (NASDAQ: MPB) were trading at $31.56 at lunchtime on Monday. The company has a market capitalization of about $711 million.