Mid Penn Bank is charting an ambitious course to expand its presence in the Greater Philadelphia area, writes Jeff Blumenthal for the Philadelphia Business Journal.

With the anticipated completion of its $127 million acquisition of Bristol-based William Penn Bancorp in April 2025, Mid Penn’s assets in the region are projected to nearly double, reaching approximately $1.8 billion. CEO Rory Ritrievi has set a bold objective to further elevate these Greater Philadelphia assets to $5 billion in the coming years.

“That’s not going to happen overnight, but I think that it’s reasonable to expect that it could happen over the next several years because a lot of that’s going to be organic growth,” said Ritrievi. “Some of it might be additional acquisitions, but the focus is really going to be on organic growth.”

Mid Penn’s strategy has been bolstered by a recent capital raise of $80.6 million. The bank — which currently has 47 branches, 42 of which are located in 16 different counties in Pennsylvania — has achieved its growth without relying on traditional advertising.

“We get people who are tied into each one of the communities in which we operate, and that advisory board and the staff that we have on the ground to work together to spread the name of the bank,” Ritrievi said.

Learn more about Mid Penn Bank’s ambitious plans to grow its regional presence in the Philadelphia Business Journal.