Matthew E. Sadofsky
Partner
Experience
Stradley Ronon Represents 1st Colonial Bancorp in Acquisition by Mid Penn Bancorp
Stradley Ronon advised 1st Colonial Bancorp Inc., the parent company of Mount Laurel, New Jersey-based 1st Colonial Community Bank, in a merger agreement with Harrisburg, Pennsylvania-based Mid Penn Bancorp Inc. in which Mid Penn acquired 1st Colonial in a cash and stock transaction valued at approximately $106.1 million. In connection with the holding company merger, 1st Colonial Community Bank was merged with and into Mid Penn’s subsidiary bank, Mid Penn Bank.
The transaction, which was completed on February 27, further expands Mid Penn’s presence in the Greater Philadelphia area and southern New Jersey.
Christopher S. Connell, Katrina L. Berishaj, Avery Marz, Richard E. Peterson, Philip J. Foret, Adriel J. Garcia and Matthew E. SadofskyStradley Ronon Advises Customers Bank in $100M Public Offering of Subordinated Notes
Stradley Ronon represented Customers Bancorp, a bank holding public company that operates through its wholly owned banking subsidiary Customers Bank, in the closing of its underwritten public offering of $100 million in aggregate principal amount of its 6.875% fixed-to-floating-rate subordinated notes due 2036.
Customers is one of the nation’s top-performing banking companies with over $24 billion in assets, making it one of the 80 largest bank holding companies in the United States.
This is the second public offering the firm completed for Customers in the second half of 2025.
Matthew E. Sadofsky, Thomas L. Hanley and Avery MarzStradley Ronon Advises Customers Bank in $172.5M Common Stock Offering
Stradley Ronon represented Customers Bancorp, a bank holding company that operates through its wholly owned banking subsidiary, Customers Bank, in its $172.5 million underwritten public offering of common stock. Customers intends to use the net proceeds from the offering to fund organic growth and for other general corporate purposes.
Pennsylvania-based Customers is one of the top-performing banking companies in the United States with more than $22 billion in assets.
Christopher S. Connell, Thomas L. Hanley, Matthew E. Sadofsky and Avery Marz
