Mid Penn Bancorp Announces $70 Million Stock Offering

Mid Penn Bancorp ( (MPB) ) has issued an update.

Mid Penn Bancorp, Inc. has announced a public offering of 2,375,000 shares of common stock at $29.50 per share, totaling $70 million. The expected net proceeds of $67 million will support growth initiatives, debt redemption, and strategic transactions. This offering aligns with Mid Penn’s ongoing expansion plans, providing attractive opportunities for stakeholders interested in the financial sector.

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