Mid Penn Bancorp, Inc. Declares Quarterly Cash Dividend and Reports Increased First Quarter Earnings

  
    
  
  
    
      The Board of Directors of Mid Penn Bancorp, Inc. (AMEX:MBP), parent 
      company of Mid Penn Bank, declared a quarterly cash dividend of 20 cents 
      per share, payable Monday, May 26, 2008, to shareholders of record 
      Wednesday, May 7, 2008.
    
    
      Mid Penn Bancorp, Inc. also announced earnings for the first quarter of 
      2008 of $1,173,000 compared to $1,084,000 earned in the first quarter of 
      2007. Earnings per share were $.34 per share compared to $.31 per share 
      for the first quarter of 2007, an increase of 9.7%. Higher earning asset 
      levels during the first quarter of 2008 provided increased earnings 
      during the quarter.
    
    
      Total assets at the end of the first quarter of 2008 were approximately 
      $536 million, versus $492 million the prior year, an increase of 8.9%. 
      Total loans of $389 million increased by $34 million or 9.6% at March 
      31, 2008, compared to the prior year. Total deposits as of the same date 
      were $406 million compared to $380 million the prior year, an increase 
      of 6.8%.
    
    
      Mid Penn Bank has been an independently owned community bank since 1868 
      and is committed to remaining a progressive, independent community bank 
      offering a full line of business, personal and trust services. Mid Penn 
      Bank did not participate in offering any sub-prime mortgage lending.
    
    
      Mid Penn Bancorp, through its subsidiary Mid Penn Bank, operates 15 
      offices in Dauphin, Northumberland, Schuylkill, and Cumberland Counties. 
      For more information, visit www.midpennbank.com 
      and view the Investor Relations page where comprehensive information is 
      available concerning Mid Penn Bancorp, Inc.