HARRISBURG, Pa., March 12, 2015 (GLOBE NEWSWIRE) -- Mid Penn Bank is seeking regulatory approval to open a branch at 5288 Simpson Ferry Road in Mechanicsburg, adjacent to the Windsor Park Shopping Center in Lower Allen Township. The bank today submitted an application to the Pennsylvania Department of Banking and Securities and to the Federal Deposit Insurance Corporation.
If approved, this will be Mid Penn Bank's second branch in Mechanicsburg. The bank's other Mechanicsburg location is at 4622 Carlisle Pike in Hampden Township. Mid Penn currently has 19 branches serving Cumberland, Dauphin, Lancaster, Luzerne, Northumberland and Schuylkill counties.
Upon receiving the required regulatory approvals and renovating the existing space, Mid Penn intends to open the branch in May 2015. This would make it the second branch opened this year by the bank, following the opening of its Elizabethtown office in early February. Additionally, Mid Penn completed its merger with Schuylkill County based Phoenix Bancorp, Inc. and its subsidiary Miners Bank on March 1, 2015.
"In accordance with our plan to grow our franchise through acquisition opportunities and organically through market expansion, we are pleased to announce this additional retail location," said Mid Penn Bank President and CEO Rory G. Ritrievi. "Our Board of Directors and management team are focused on introducing Mid Penn Bank to new communities and sharing the ideals, products and services that continue to win over customers. We look forward to expanding our presence in Mechanicsburg and in Cumberland County."
Mid Penn anticipates hiring four to six employees to fulfill personal banking needs, business banking needs and lending needs at the location.
About Mid Penn Bank
Mid Penn Bank, subsidiary of Mid Penn Bancorp, Inc. (Nasdaq:MPB), has been serving Central Pennsylvania since 1868. Headquartered in Millersburg, Pa., Mid Penn Bank has 19 retail locations in Cumberland, Dauphin, Lancaster, Luzerne, Northumberland and Schuylkill Counties. The bank offers a diverse portfolio of products and services to meet the personal and business banking needs of the community. To learn more about Mid Penn Bank, visit midpennbank.com or facebook.com/midpennbank.
Forward Looking Statements
Certain statements in the press release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are made on the basis of management's views and assumptions regarding future events and business performance as of the time the statements are made, even if subsequently made available by Mid Penn on its website or otherwise. Management does not undertake any obligation to update these statements. Actual events may differ materially from those expressed or implied. Such differences may result from actions taken by Mid Penn, as well as from developments beyond Mid Penn's control, that may affect Mid Penn's business generally. Additional factors are set forth in Mid Penn's filings with the Securities and Exchange Commission, including Item 2. "Management's Discussion and Analysis of Financial Condition and Results of Operations" of Mid Penn's Quarterly Report on Form 10-Q for the quarter ended September 30, 2014. No undue reliance should be placed on any forward-looking statements.
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Source:Mid Penn Bancorp, Inc.