Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. Appointment of Chief Operating Officer On January 8, 2026, Mid Penn Bank, the wholly-owned bank subsidiary of Mid Penn Bancorp, Inc. (the “Company”), announced the appointment of Mr. Dana R.…
Filed Jan 8, 2026Accepted Jan 8, 2026, 4:20 PM ESTCIK 879635Accession 0000879635-26-000007
Mid Penn Bancorp Inc. (NASDAQ: MPB), headquartered in Harrisburg, Pennsylvania, is the parent company of Mid Penn Bank, a full-service commercial bank. Mid Penn currently operates 59 retail locations throughout Pennsylvania and central and southern New Jersey, has total assets of approximately $6 billion, and offers a comprehensive portfolio of financial products and services to the communities it serves. To learn more, please visit www.midpennbank.com.
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Item 5.02Item 5.02 - Departure/Election of Directors
ITEM 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Appointment of Chief Operating Officer
On January 8, 2026, Mid Penn Bank, the wholly-owned bank subsidiary of Mid Penn Bancorp, Inc. (the “Company”), announced the appointment of Mr. Dana R. Stewart to the position of First Executive Vice President and Chief Operating Officer, effective January 5, 2026. Mr. Stewart, age 57, has over 35 years of experience in the financial services industry. Mr. Stewart most recently held the position of Senior Vice President and Director of the Project Management Office for First National Bank (Pittsburgh, Pennsylvania) from 2015 to 2025. Prior to his time with First National Bank, Mr. Stewart served as Managing Director for BNYMellon (Pittsburgh, Pennsylvania) from 2007 to 2014. Mr. Stewart is a graduate of Grove City College where he received a Bachelor of Arts in Business Administration/Financial Planning, and Robert Morris University, where he received a Master of Business Administration.
In connection with his appointment, Mr. Stewart will receive an annual base salary of $310,000 and a change in control agreement with a severance benefit equal to 2.25 times his annual base salary as then in effect, and be eligible to participate in Mid Penn Bank's incentive, retirement and benefit plans as made available to similarly situated employees.
There are no family relationships between Mr. Stewart and any director, executive officer or any person nominated or chosen by the Company to become a director or executive officer. No information is required to be disclosed with respect to Mr. Stewart pursuant to Item 404(a) of Regulation S-K.
A copy of the press release announcing Mr. Stewart’s appointment is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In connection with Mr. Stewart’s appointment, Jordan D. Space, who served as Chief Operating Officer from January 12, 2024 through January 5, 2026, will continue to serve as President of the Private Bank and be responsible for managing MPB Financial Services, LLC and its two nonbank subsidiaries - MPB Risk Services, LLC and Cumberland Advisors, LLC.