Holland & Knight Represents Underwriters in Mid Penn Bancorp Public Offering

WASHINGTON (November 14, 2024) – Holland & Knight advised Stephens Inc. as lead book-running manager and Piper Sandler & Co. as book-running manager in Mid Penn Bancorp Inc.'s (NASDAQ: MPB) $70 million public offering of common stock, completed on November 4, 2024. Mid Penn Bancorp Inc. is the parent company of Mid Penn Bank, which is headquartered in Harrisburg, Pennsylvania, and operates retail locations throughout Pennsylvania and central New Jersey.

The offering consisted of 2,375,000 shares of common stock at a public offering price of $29.50 per share. Mid Penn Bancorp Inc. intends to use the net proceeds of the offering to support its continued growth, including investments in Mid Penn Bank to support organic growth, potential redemption of subordinated debt, future strategic transactions and general corporate purposes. The underwriters also exercised their option to purchase an additional 356,250 shares of Mid Penn Bancorp Inc.’s common stock at the public offering price less underwriting discounts and commissions, which closed on November 5, 2024.

Holland & Knight Partners Kevin Houlihan, Mark Goldschmidt and William Levay led the firm's representation of the underwriters in the offering. They were assisted by Associates Amelia Occhino, Stephanie Torres and Elizabeth Gaskins.

More information on the transaction can be found here.