Mid Penn Bancorp closes $70M public offering of common stock; underwriters exercise option for 356K additional shares.

MID PENN BANCORP INC

Closed offering of 2.375M shares at $29.50/share; gross proceeds $70M, net ~$67M.
Underwriters exercised option for 356,250 addl shares at $28.025/share; closes Nov 5.
Net proceeds used for organic growth, potential subdebt redemption, future M&A, and general corporate.
Stephens Inc. lead book-runner; Piper Sandler joint book-runner for the offering.
Dilution of ~11% from up to 2.731M new shares; existing shareholders diluted.

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