Mid Penn Bancorp, Inc. Holds Annual Meetings

  
    
  
  
    
      The Annual Shareholder and Organization Meetings of Mid Penn Bancorp, 
      Inc. (AMEX:MBP) were held on April 22 and April 23, respectively, at Mid 
      Penn Bank, 349 Union Street, Millersburg, Pennsylvania.
    
    
      Matthew G. DeSoto, Robert C. Grubic and Gregory M. Kerwin were 
      re-elected to serve a three-year term on the Board of Directors of Mid 
      Penn Bancorp, Inc. Other Directors currently serving are Jere M. Coxon, 
      Alan W. Dakey, A. James Durica, Theodore W. Mowery, Donald E. Sauve, and 
      William A. Specht, III. Retiring from the Board were Edwin D. Schlegel 
      and Guy J. Snyder, Jr. A proposal submitted by a shareholder requesting 
      the elimination of a classified Board of Directors to require that all 
      Directors stand for election annually was not approved by the 
      shareholders.
    
    
      Chairman Dakey gave a brief overview of the organization’s 
      history, making particular mention of the 140th 
      year anniversary that the Bank will celebrate in 2008. Headquartered in 
      Millersburg since 1868, Mid Penn Bank has $536 million in assets and 
      operates 15 community offices in four counties—Cumberland, 
      Dauphin, Northumberland, Schuylkill—and offers 
      comprehensive Internet banking services. Dakey reviewed performance 
      measures and emphasized a number of strategic choices the Bank made in 
      2007 that resulted in a strong financial position for the start of 2008. 
      Mid Penn Bank did not engage in sub-prime lending, suffer any losses 
      attributable to investments in collateralized mortgage obligations, or 
      finance speculative real estate development. Growth activities for 2007 
      included the opening of community offices in Camp Hill on Market Street 
      and in Elizabethville on Route 209. A retooled web site offers new 
      features and online functions for customers. Infrastructure investments 
      include a new mainframe IT system and enhanced software. Dakey concluded 
      his remarks by acknowledging the challenges ahead in 2008 related to the 
      economy and emphasizing Mid Penn’s solid 
      position and opportunities presented by other bank mergers which have 
      caused disruption in the market.
    
    
      At the Organization Meeting, the Board of Directors waived the 
      retirement age policy for Edwin D. Schlegel and appointed him to the 
      Board of Directors as a Class B Director. Mr. Schlegel has served on the 
      Mid Penn Bancorp, Inc. Board of Directors since its formation in 1991 
      and on the Mid Penn Bank Board of Directors since 1981. The Bank has 
      experienced strong growth and solid financial performance. In order to 
      promote and demonstrate strong corporate governance, the Board of 
      Directors elected Mr. Schlegel to serve as Chairman of the Board of Mid 
      Penn Bancorp, Inc. Mr. Schlegel will succeed Alan W. Dakey, who 
      previously served as Chairman. Mr. Dakey will continue to serve as 
      President and CEO of Mid Penn Bancorp, Inc. as well as Chairman, 
      President and CEO of Mid Penn Bank, a wholly-owned subsidiary of Mid 
      Penn Bancorp, Inc. Schlegel served as Superintendent of the Millersburg 
      Area School District prior to his retirement in 1998.
    
    
      Robert C. Grubic was elected to serve as Vice-Chairman of the Board of 
      Directors of Mid Penn Bancorp, Inc. Mr. Grubic joined the Board in 2006. 
      Mr. Grubic is President of Herbert, Rowland & Grubic, Inc., a regional 
      engineering firm located in Harrisburg, Pennsylvania.
    
    
      In addition to Mr. Schlegel and Mr. Grubic, the following officers were 
      elected: Alan W. Dakey, President and Chief Executive Officer; Kevin W. 
      Laudenslager, Vice President and Treasurer; and Cindy L. Wetzel, 
      Secretary. Appointments were also made to the following committees: 
      Audit, Executive, Nominating and Corporate Governance, and Compensation 
      Committees.