BNET Industries

Mid Penn Bancorp Inc.

(MPB) is in the Financial Services Industry

Market Cap:$57.4M
Last Fiscal Year Sales:$35.5M
  • Public
  • US
Dow Jones Description

Mid Penn Bank has been an independently owned community bank since 1868 and continues to operate from its original location at 349 Union Street, Millersburg, Dauphin County. In 1931, Mid Penn Bank established our Trust Department. In December of 1991, Mid Penn Bank took on a new dimension with the formation of our bank holding company, Mid Penn Bancorp, Inc. The formation of a holding company allows the Bank opportunities to better serve our customers with new products and services. In 1993, Mid Penn Bank adopted "Trusty" and "True," our two penguin mascots. Committed to serving our adult customer base, but also desiring to uncomplicate banking for our younger customers, our penguins came to life. Mid Penn Bank currently has twelve offices in Dauphin, Cumberland, Schuylkill and Northumberland Counties. Cooperation to insure a future as bright as tomorrow, Mid Penn Bank stands ready...ready to move forward toward those dreams, aspirations, goals and directions of the communities in which we serve. We stand ready to do our part in working together with friends and neighbors to assure the promise of progress for everyone. Proud of our past, 1868 will always be the year we began, but Mid Penn Bank moves forward with an eye towards our future and the future of our customers. Not only do we want to be your bank for a lifetime, we want to be your family's bank for a lifetime. We are a traditional, yet progressive bank with local decision-making. ...

President & CEORory Ritrievi
Number of Employees 142
Contact Information

349 Union St

Millersburg, Pennsylvania 17061

www.midpennbank...

(717) 692-2133

NAICS Code Commercial Banking: 522110

Recent Events

  • CORRECTING and REPLACING Mid Penn Bancorp, Inc. Reports First

    5/06/09 - Stock Split / Dividend - View Story

  • Mid Penn corrects Q1 per-share earnings

    5/08/09 - Financial Announcement - View Story

  • Mid Penn Bancorp appoints new CEO

    2/26/09 - Mgmt. Change Entering - CEO - View Story

News & Analysis

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mid penn bancorp inc. - All News and Analysis

Additional Resources

  • Mid Penn Bancorp, Inc. Reports First Quarter Earnings

    - 2009-04-24

    MILLERSBURG, Pa. -- Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ:MPB), the parent company of Mid Penn Bank, today reported increased total assets, loans, and deposits for the first...

  • Mid Penn Bancorp, Inc. Announces Leadership Team

    - 2009-02-25

    MILLERSBURG, Pa. -- Mid Penn Bancorp, Inc. (NASDAQ:MPB) today announced its new executive leadership team. Rory G. Ritrievi was named President and Chief Executive Officer of Mid Penn Bancorp, Inc. and Mid Penn Bank. He will also serve on the Board of Directors of both companies. He can be reached...

  • Mid Penn Bancorp, Inc. Declares Quarterly Cash Dividend

    - 2009-01-28

    MILLERSBURG, Pa. -- The Board of Directors of Mid Penn Bancorp, Inc. (NASDAQ:MPB), parent company of Mid Penn Bank, declared a quarterly cash dividend of 20 cents per share, payable Monday, February 23, 2009, to shareholders of record Wednesday, February 11, 2009. Mid Penn Bank has been an...

  • Mid Penn Bancorp, Inc. Reports Fourth Quarter Earnings

    - 2009-01-23

    MILLERSBURG, Pa. -- Mid Penn Bancorp, Inc. ("Mid Penn") (NASDAQ:MPB) today reported fourth quarter earnings of $233,000, including per share earnings of $0.07. Earnings for the fourth quarter of 2007 were $1,198,000 or $0.34 per share. Net income and earnings per share for the year ended December 31, 2008 were...

  • Mid Penn Bancorp, Inc. Reports Large Expenses during the Fourth Quarter

    - 2008-12-29

    MILLERSBURG, Pa. -- Mid Penn Bancorp, Inc. (the "Company") (NASDAQ:MPB) the holding company for Mid Penn Bank (the "Bank") discloses large expenses during the Fourth Quarter. The Bank plans to set aside approximately $700,000 to its allowance for possible loan losses during the quarter, compared to the $530,000...

  • Mid Penn Bancorp, Inc. Receives $10 Million in New Capital Through the U.S. Treasury's Capital Purchase Program

    - 2008-12-22

    MILLERSBURG, Pa. -- Mid Penn Bancorp, Inc. (the "Company") (NASDAQ:MPB) the holding company for Mid Penn Bank (the "Bank") announced that on December 19, 2008, the Company entered into and closed a Letter Agreement (including the Securities Purchase Agreement - Standard Terms) with the United States Department of the Treasury...

  • Mid Penn Bancorp, Inc. President and CEO Resigns

    - 2008-10-30

    MILLERSBURG, Pa. -- Mid Penn Bancorp, Inc. (NASDAQ:MPB) announced today the resignation of Alan W. Dakey, President and Chief Executive Officer. Mr. Dakey also resigned as a member of the Board of the Company and as Chairman, President and CEO of Mid Penn Bank, the Company's wholly owned banking subsidiary....

  • Mid Penn Bancorp, Inc. Declares Quarterly Cash Dividend

    - 2008-10-22

    MILLERSBURG, Pa. -- The Board of Directors of Mid Penn Bancorp, Inc. (NASDAQ:MPB), parent company of Mid Penn Bank, declared a quarterly cash dividend of 20 cents per share, payable Monday, November 24, 2008, to shareholders of record Wednesday, November 5, 2008. Mid Penn Bancorp, Inc. completed the...

Decision Makers

Name (plus bio) Position
Rory Ritrievi President & CEO
Eric S Williams Ex Vice President & Chief Lending Officer
Kevin W. Laudenslager Executive Vice President and Cfo
Cindy L. Wetzel Vice President Corporate Secretary

Board of Directors

Name (plus bio) Position
Edwin D. Schlegel Chairman of The Board, Interim President
Donald E. Sauve Board of Directors
Gregory M. Kerwin Board of Directors
Jere M. Coxon Board of Directors
Lane Laurel Board of Directors
Matthew G. DeSoto Board of Directors
Robert C. Grubic Vice-Chairman
T. W. Mowery Board of Directors
Theodore W. Mowery Board of Directors
William A. Specht III Board of Directors
Organization Position Status
Mid Penn Bancorp, Inc. President & CEO Current
Mid Penn Bancorp, Inc. Board of Directors Current
Commerce Bank Market President Former
Commerce Bank Chief Lending Officer Former
Commerce Bank Senior Executive Vice President Former

Mr. Schlegel, age 71, has been Chairman of the Board of the corporation since 2008 and has been a director since 1991. He served as Interim President and Chief Executive Officer from October 29, 2008 to February 25, 2009. Mr. Schlegel is retired and previously served as Superintendent of the Millersburg Area School District.

Organization Position Status
Mid Penn Bancorp, Inc. Chairman of The Board, Interim President Current
Mid Penn Bancorp, Inc. Board of Directors Former
Mid Penn Bancorp, Inc. Vice Chairman and Lead Director Former

Executive Vice President and Chief Lending Officer of the bank since 2003. He previously served as Vice President and Senior Commercial Loan Officer of the bank.

Organization Position Status
Mid Penn Bancorp, Inc. Ex Vice President & Chief Lending Officer Current
Organization Position Status
Mid Penn Bancorp, Inc. Executive Vice President and Cfo Current
Mid Penn Bancorp, Inc. Treasurer Current
Mid Penn Bancorp, Inc. Treasurer & Vice President Former
Mid Penn Bancorp, Inc. Treasurer (Principal Financial and Principal Accounting Officer) Former
Organization Position Status
Mid Penn Bancorp, Inc. Vice President Corporate Secretary Current
Mid Penn Bank Secretary Current
Mid Penn Bancorp, Inc. Secretary Current
Mid Penn Bank Secretary Former
Organization Position Status
Mid Penn Bancorp, Inc. Board of Directors Current
Organization Position Status
Mid Penn Bancorp, Inc. Board of Directors Current

Mr. Coxon, age 64, has been a director since 1991. Mr. Coxon is Executive Vice President of Penn Wood Products, Inc. in East Berlin, PA.

Organization Position Status
Penn Wood Products Inc. Executive Vice President Current
Mid Penn Bancorp, Inc. Board of Directors Current
Organization Position Status
Mid Penn Bancorp, Inc. Board of Directors Current
Organization Position Status
Mid Penn Bancorp, Inc. Board of Directors Current

Mr. Grubic, age 57, has been a director since 2006. Mr. Grubic is President and Chief Executive Officer of Herbert, Rowland & Grubic, Inc., a consulting engineering firm based in Harrisburg, PA.

Organization Position Status
Mid Penn Bancorp, Inc. Vice-Chairman Current
Organization Position Status
Mid Penn Bancorp, Inc. Board of Directors Current
Organization Position Status
Mid Penn Bancorp, Inc. Board of Directors Current

Mr. Specht, age 47, has been a director since 2006. Mr. Specht is President and CEO of Seal Glove Manufacturing, Inc., where he previously served as Vice President. He is also President of Ark Safety, previously serving as Vice President and President of Rescue Remedies. All companies are located in Millersburg, PA.

Organization Position Status
Mid Penn Bancorp, Inc. Board of Directors Current
Ark Safety President Former
Rescue Remedies President Former
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     MPB $15.70 0.00 (0.00% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 915
Shares Outstanding 3.48M
Market Cap 54.6M
Year High 26.19
Year Low 14.75
Earnings Per Share N/A
P/E Ratio -
Dividend N/A
Yield N/A
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Company Employer Rating
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IndustryTop Rated

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