Question 1

What is Mid Penn Bank?

Accepted Answer

Mid Penn Bank is a full-service community bank based in Pennsylvania with operations extending into New Jersey. With approximately $6.2 billion in assets and 63 offices, the bank serves individuals, businesses, nonprofits, and municipalities across 19 counties.

As the subsidiary of publicly traded Mid Penn Bancorp, Inc. (Nasdaq: MPB), the institution maintains a strong focus on personalized service while offering comprehensive financial solutions. The bank specializes in retail banking, commercial lending, wealth management, and agricultural financing, combining traditional community banking values with modern financial services.

Question 2

When was Mid Penn Bank founded?

Accepted Answer

Mid Penn Bank was founded in 1868 as The Millersburg Trust Company in Millersburg, Pennsylvania. The institution was established by approximately 160 local farmers and entrepreneurs seeking to create financial stability and opportunity in their community during the post-Civil War reconstruction period.

The bank was originally led by the Gilbert family, with J.S. Gilbert serving as the founding leader. For its first 87 years, from 1868 to 1955, the institution remained under Gilbert family leadership, passing through three generations—J.S. Gilbert, his son Harry, and his grandson Allen. Following Allen Gilbert's death in the mid-1950s, the bank transitioned to professional management outside the founding family.

In 1991, the bank formed its holding company structure, Mid Penn Bancorp, Inc., which facilitated future growth and expansion. The institution has grown from a small-town trust company into one of Pennsylvania's oldest continuously operating banks with over 150 years of service.

Question 3

Where is Mid Penn Bank headquartered?

Accepted Answer

Mid Penn Bank is headquartered in Millersburg, Pennsylvania, located in Dauphin County within the Harrisburg-Carlisle metropolitan statistical area. The bank maintains its corporate offices at 349 Union Street in Millersburg, remaining rooted in the same community where it was founded in 1868.

Despite significant growth and expansion over the decades, the institution has kept its headquarters in this small Pennsylvania borough, reflecting its commitment to its community banking origins.

Question 4

Where does Mid Penn Bank operate?

Accepted Answer

Mid Penn Bank operates 63 offices across 19 counties in Pennsylvania and New Jersey. The bank's Pennsylvania footprint spans from central regions including Dauphin, Cumberland, and Perry counties, through southeastern areas such as Berks, Bucks, Chester, and Montgomery counties, to western Pennsylvania in Westmoreland County, and northeastern regions including Schuylkill County.

The institution expanded into New Jersey in 2023 through the acquisition of Brunswick Bancorp, establishing presence in central and southern New Jersey communities. The bank also maintains a growing presence in the greater Philadelphia metropolitan area, with recent expansion including locations in Camden, New Jersey, and Wayne, Pennsylvania.

Mid Penn Bank's service area covers both urban centers and rural communities, with particular strength in the Harrisburg-Carlisle metropolitan area where it maintains its headquarters.

Question 5

What services does Mid Penn Bank offer?

Accepted Answer

Mid Penn Bank provides a comprehensive suite of financial services across retail, commercial, and wealth management sectors:

Personal Banking: Checking and savings accounts, mortgages, home equity loans and lines of credit, personal loans, credit cards, and consumer financing. The bank participates in specialized programs including Pennsylvania Housing Finance Agency (PHFA) and First Front Door initiatives for first-time homebuyers.

Business Banking: Commercial loans and lines of credit, commercial real estate financing, construction loans, SBA lending, agricultural loans for farming operations, cash management services, merchant services, remote deposit capture, ACH origination, wire transfers, and positive pay fraud protection services.

Wealth Management and Trust Services: Investment management, financial planning, trust administration, retirement plan services, estate planning, and insurance products through the non-bank subsidiary MPB Financial. These services launched as a dedicated division in 2016 and contribute approximately 15-20% of the bank's total revenue.

Digital Banking: Online banking platform, mobile banking app with account access, bill pay, fund transfers, mobile check deposit, card controls, Zelle peer-to-peer payments, telebanking services available 24/7, digital wallet integration, and customizable account alerts for fraud protection and balance notifications.

Question 6

What makes Mid Penn Bank unique?

Accepted Answer

Mid Penn Bank distinguishes itself through several key characteristics that set it apart from typical regional banks:

Strategic Growth Through Acquisitions: The bank has executed seven successful acquisitions since 2015, including Phoenix Bancorp (2015), First Priority Financial Corp (2018), Riverview Financial Corporation (2021), and Brunswick Bancorp (2023). This disciplined acquisition strategy has grown assets from approximately $550 million in 2009 to over $6 billion today while maintaining community banking principles.

MPB Classroom Financial Literacy Initiative: The bank operates an exceptional financial education program that has reached over 9,260 students across 55 schools and 14 community partner sites. Bank employees volunteer to deliver curriculum, focusing on serving underserved populations. This initiative won the prestigious Tom Bailey Community Support and Engagement Award from the Pennsylvania Association of Community Bankers for two consecutive years.

Exceptional Community Investment: Mid Penn Bank invested over $2.4 million in local communities through donations and sponsorships in 2023 alone, with 361 employees contributing more than 10,000 volunteer hours across 3,000+ activities. The bank maintains significant healthcare partnerships, including donating $200,000 to breast cancer research through its Celebrity Golf Tournament and committing $1.1 million over four years to prostate cancer research at Penn State Health, which named a clinic floor in recognition.

PPP Lending Excellence: During the COVID-19 pandemic, Mid Penn Bank originated over $1 billion in Paycheck Protection Program (PPP) loans, successfully converting many PPP customers into full banking relationships and accelerating organic growth.

Recognition and Awards: The institution has earned recognition as Newsweek's Best Small Bank in Pennsylvania, ranked among American Banker's Top 200 Community Banks and Top 200 Midsize Banks nationally, named Best Banks to Work For by American Banker Magazine, and designated Best Places to Work in Pennsylvania by Best Companies Group.

Question 7

What type of financial institution is Mid Penn Bank?

Accepted Answer

Mid Penn Bank is a state-chartered community bank that operates as the principal subsidiary of Mid Penn Bancorp, Inc., a publicly traded bank holding company. While the bank has grown to over $6 billion in assets, it maintains its community banking identity through local decision-making, personalized service, and deep community connections.

The institution functions as a full-service commercial bank serving both retail and business customers, with particular strength in commercial real estate lending, small business financing, and agricultural lending. As a community bank, Mid Penn Bank emphasizes relationship-based banking where local lenders and officers have authority to make credit decisions based on knowledge of their markets.

The bank is regulated by state banking authorities and the Federal Deposit Insurance Corporation (FDIC), which insures deposits up to applicable limits. Its holding company structure allows access to capital markets while maintaining the operational focus of a community-oriented financial institution.

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