SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates FRBA, TIG, MPB, MLVF

NEW YORK, April 11, 2023

First Bank (NASDAQ: FRBA)'s merger with Malvern Bancorp, Inc. Under the terms of the merger, Malvern shareholders will receive 0.7733 shares of First Bank common stock and $7.80 in cash per each Malvern common share outstanding. If you are a First Bank shareholder, click here to learn more about your legal rights and options.   

Trean Insurance Group, Inc. (NASDAQ: TIG)'s sale to affiliates of Altaris, LLC for $6.15 in cash per share. If you are a Trean shareholder, click here to learn more about your rights and options.

Mid Penn Bancorp, Inc. (NASDAQ: MPB)'s merger with Brunswick Bancorp. Brunswick shareholders will have the option to elect to receive either 0.598 shares of Mid Penn common stock or $18.00 in cash for each common share of Brunswick they own, subject to proration to ensure that, in the aggregate, 50% of the transaction consideration will be paid in the form of Mid Penn common stock. If you are a Mid Penn shareholder, click here to learn more about your legal rights and options.   

Malvern Bancorp, Inc. (NASDAQ: MLVF)'s sale to First Bank for 0.7733 shares of First Bank common stock and $7.80 in cash per each Malvern common share. If you are a Malvern shareholder, click here to learn more about your rights and options.

Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.