Mid Penn Bank has won approval from state regulators to open a second branch in Lancaster County, a hotbed of banking activity over the last year.
The branch, a former Susquehanna Bank office at 1817 Oregon Pike in Manheim Township, is expected to open in November.
The state Department of Banking and Securities last week approved the branch’s opening.
Mid Penn also opened an administrative center at 1821 Oregon Pike in July to house its Lancaster-based lenders and support staff.
The bank opened a branch last year in Elizabethtown, its first in Lancaster.
“Since opening our Elizabethtown branch in early 2015, we have experienced great success in the market thanks to our dedicated and reputable team,” said Mid Penn’s president and CEO, Rory G. Ritrievi. “We look forward to welcoming new Lancaster-based commercial, agricultural, small business and consumer customers to Mid Penn.”
Those businesses have plenty of banks to choose from. Many have opened branches or expanded their presence in Lancaster County over the last year.
Much of the activity has followed the purchase of Susquehanna, formerly one of Lancaster’s biggest banks, by North Carolina-based BB&T Bank
Newcomers include Univest Corp. which officially opened its first Lancaster branch last week. The branch is in West Lampeter Township.