HARRISBURG, Pa. - Mid Penn Bancorp, Inc. (NASDAQ: MPB) and William Penn Bancorporation (NASDAQ: WMPN) announced the approval by their shareholders of Mid Penn's proposed acquisition of William Penn. The endorsement came during special meetings held on Wednesday, where a significant majority of votes were cast in favor of the merger. Mid Penn, currently valued at $506.55 million, has demonstrated strong financial health with a P/E ratio of 9.01 and consistent dividend payments for 15 consecutive years, according to InvestingPro data. Mid Penn President and CEO Rory G. Ritrievi expressed satisfaction with the outcome, noting that over 96% of William Penn shares and more than 98% of Mid Penn shares voted in support of the transaction. The merger is set to expand Mid Penn's reach into the Greater Philadelphia Metro market, as well as in Southeastern Pennsylvania and Central and Southern New Jersey.