Please ensure Javascript is enabled for purposes of website accessibility

Mid Penn applies to open branch in Pillow

Mid Penn Bank is seeking regulatory approval to open a new branch in Pillow, Dauphin County.

The bank Tuesday submitted an application to the Pennsylvania Department of Banking and Securities and the Federal Deposit Insurance Corp., according to a Securities and Exchange Commission filing.

“While Mid Penn Bank is continuing to grow across the state and welcome new customers, we remain focused on being the community bank of choice to Upper Dauphin County, where we got our start 150 years ago,” Rory G. Ritrievi, president and CEO of Mid Penn Bank, said in a statement.

Upon receiving the necessary approvals and completing renovations, Mid Penn anticipates opening the branch, located at 193 Market Street, in September 2018.

The bank will provide personal banking, business banking and lending services at the Pillow office.

Headquartered in Millersburg, Mid Penn operates 29 branches in Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Northumberland, Schuylkill and Westmoreland counties.

A subsidiary of Mid Penn Bancorp, Inc., the bank has $1.4 billion in assets.

According to its most recent earnings report, Mid Penn had a net income of $1 million in the first quarter of 2018, down from $2 million in the first quarter of 2017.

The report included nearly $1.7 million in expenses stemming from the bank’s acquisition of The Scottdale Bank & Trust Co., which closed in January, and a proposed merger with First Priority Financial Corp.

Shelby White
Shelby White covers banking and finance, law and Lancaster County for the Central Penn Business Journal. For tips, email her at [email protected].

Business Events

Best Places to Work in PA

Thursday, December 08, 2022
Best Places to Work in PA

Diversity, Equity and Inclusion Summit

Wednesday, March 29, 2023
Diversity, Equity and Inclusion Summit

Healthcare Heroes

Tuesday, April 04, 2023
Healthcare Heroes

Nonprofit Innovation Awards

Thursday, May 18, 2023
Nonprofit Innovation Awards