Case 75 Mid Penn Bancorp, Inc

B. Rajesh Kumar
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B. Rajesh Kumar: Institute of Management Technology

A chapter in Rising Stars, 2024, pp 549-553 from Springer

Abstract: Abstract Mid Penn Bancorp, Inc. is a financial holding company incorporated in August 1991 and consists of the wholly owned bank and non-bank subsidiaries. In 1991, the Bank became a wholly owned subsidiary of Mid Penn. In 2020, Mid Penn established two additional non-bank subsidiaries of MPB Wealth Management LLC and MPB Risk Services LLC. By December 2022, Mid Penn had total consolidated assets of $4.5 billion, total deposits of $3.8 billion, and total shareholders’ equity of $512 million. Mid Penn’s core business consists of attracting deposits and loans from its network of community banking offices. The bank provides full service commercial banking and trust business. The bank offers wide range of financial services which include mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development, and different types of time and demand deposits. During the period 2018–2022, the total assets, gross loans, and deposits increased by 24%, 22%, and 24%, respectively.

Date: 2024
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DOI: 10.1007/978-3-031-50032-9_75

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