Mid Penn Bancorp agrees to purchase of Phoenix Bancorp

|About: Phoenix Bancorp. Inc. (PXBP)|By:, SA News Editor

The deal value between the two Pennsylvania lenders is about $14.5M, and Phoenix (OTCQB:PXBP) owners will receive either 3.167 shares of Mid Penn (NASDAQ:MPB) stock or $51.60 in cash for each share of PXPB they own.