New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 28, 2012
14:41 EDTMPBMid Penn repurchases entire $10M of preferred stock purchased under TARP
The board of Mid Penn Bancorp announced that it has repurchased and redeemed all of its Series A Preferred Stock that was issued to the U.S. Treasury under the TARP Capital Purchase Program. Mid Penn repurchased the preferred stock for a price equal to the aggregate liquidation amount of $10M, plus accrued but unpaid dividends of $59,722.22. The redemption will eliminate approximately $500,000 in annual preferred dividends Mid Penn has paid on the preferred stock since its issuance. In conjunction with Mid Penn's participation in TARP, in 2008 it issued to the U.S. Treasury a warrant to purchase up to 73,099 shares of common stock. Currently, Mid Penn intends to repurchase this warrant from the U.S. Treasury.
News For MPB From The Last 14 Days
Check below for free stories on MPB the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 23, 2014
09:47 EDTMPBMid Penn Bancorp reports Q2 EPS 46c vs. 37c last year
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use