On September 25, 2025, Mid Penn Bancorp announced its agreement to acquire Cumberland Advisors.
Mid Penn Bancorp (“Mid Penn”) announced on September 25, 2025, its agreement to acquire Cumberland Advisors (“Cumberland”). The transaction is expected to close in the fourth quarter of 2025. Upon completion of the transaction, Cumberland leadership and team members will join Mid Penn. Further terms of the deal were not disclosed.
Mid Penn (NASDAQ: MPB), based in Harrisburg, Pennsylvania, is the parent company of Mid Penn Bank, a full-service commercial bank offering a comprehensive portfolio of financial products and services. Mid Penn has approximately $6 billion in total assets.
Cumberland, based in Sarasota, Florida, is a registered investment advisor offering fee-for-services investment management services. Cumberland has approximately $3.3 billion in assets under management.
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