Mid Penn Bancorp, Inc. (MPB) on Friday announced the pricing of its public offering of 2.375 million shares at $29.50 per share, for gross proceeds of $70 million.
The lender intends to use the net proceeds from the offering of around $67 million to support its continued growth, including investments in Mid Penn Bank, potential redemption of subordinated debt, future strategic transactions, and others.
The company has also granted the underwriters a 30-day option to purchase up to an additional 356,250 shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.