MID PENN BANCORP, INC. (NASDAQ:MPB) Files An 8-K Other EventsITEM 8.01OTHER EVENTS
On May 24, 2017, the Board of Directors of Mid Penn Bancorp, Inc. (the “Corporation”) approved the Mid Penn Bancorp, Inc. Director Stock Purchase Plan (the “Plan”). The purpose of the Plan is to provide non-employee directors of the Corporation with a convenient means to purchase Corporation common stock at fair market value on the date of purchase.
A Plan participant may elect to have all or a portion of his or her director fees payable in cash, as well as voluntary cash contributions, allocated to the purchase of Corporation common stock on a quarterly basis. Unless otherwise determined by the Board of Directors (or a committee appointed to administer the Plan), purchases will be made on the last day of each calendar quarter consistent with the Corporation’s Employee Stock Purchase Plan. It is anticipated that the Plan will be effective commencing July 1, 2017.
The foregoing description of the Plan is qualified in its entirety by reference to the full text of the Plan, which is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
99.1Mid Penn Bancorp, Inc. Director Stock Purchase Plan.
About MID PENN BANCORP, INC. (NASDAQ:MPB)
Mid Penn Bancorp, Inc. (Mid Penn) is the bank holding company for Mid Penn Bank (the Bank). The Bank engages in a full-service commercial banking and trust business, providing a range of financial services, including mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, community development loans, loans to non-profit entities and local government loans, and various types of time and demand deposits, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit and individual retirement accounts (IRAs). The Bank provides a range of trust and retail investment services. The Bank also offers other services, such as online banking, telephone banking, cash management services, automated teller services and safe deposit boxes. The Bank has approximately 20 retail banking properties located in Cumberland, Dauphin, Lancaster, Luzerne, Northumberland and Schuylkill Counties in Pennsylvania. MID PENN BANCORP, INC. (NASDAQ:MPB) Recent Trading Information
MID PENN BANCORP, INC. (NASDAQ:MPB) closed its last trading session up +0.35 at 27.15 with 0 shares trading hands.