Mid Penn Bancorp reauthorizes, expands treasury stock repurchase program

Mid Penn Bancorp (MPB) is pleased to announce the reauthorization and expansion of its treasury stock repurchase program, which now accommodates up to an additional $50M in repurchase activity. On April 21, the Board of Directors of Mid Penn approved the renewal of the corporation’s treasury stock repurchase program through April 30, 2027, as well as an increase in the number of shares available for future repurchases under the program. As modified, the repurchase program authorizes the corporation to repurchase up to an additional $50M of corporation common stock, from time to time. The shares may be purchased in open market or private transactions, including pursuant to Rule 10b5-1 trading plans, at the discretion of management and subject to the limitations of applicable securities laws.