Leadership & Pay ·
Mid Penn Bancorp filed an amendment to disclose the material terms of a change in control agreement executed on July…
MPBMid Penn Bancorp Inc
Mid Penn Bancorp filed an amendment to disclose the material terms of a change in control agreement executed on July 31, 2026, for Dana R. Stewart upon his appointment as First Executive Vice President and Chief Operating Officer of Mid Penn Bank. The three-year agreement with automatic annual renewals includes a double-trigger severance benefit equal to 2.25 times Mr. Stewart's highest annual base salary over the preceding twelve months, payable only if employment is terminated without cause or for good reason following a change in control. Additionally, the agreement provides for twenty-seven months of continued health benefits or cash equivalent upon qualifying termination, subject to non-solicitation covenants. Mid Penn Bancorp operates as a bank holding company providing financial services through its wholly-owned subsidiary.