Mid Penn Bancorp (MPB) Approves 50K Share Buyback
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Mid Penn Bancorp, Inc. (AMEX: MPB) announces the approval of a plan to purchase, in open market and privately negotiated transactions, up to Fifty Thousand (50,000) shares of its outstanding common stock. In announcing the plan, Alan W. Dakey, President and Chief Executive Officer of Mid Penn Bancorp, Inc. stated that the Board of Directors believes the opportunity to purchase Mid Penn Bancorp, Inc.'s common stock represents an attractive opportunity for the Corporation and its shareholders. The purchases are expected to be funded by using available excess capital.
Mid Penn Bank has been an independently owned community bank since 1868 and is committed to remaining a progressive, independent community bank offering a full line of business, personal and trust services.[SM]
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