MID PENN BANCORP INC 8-K

What Happened
Mid Penn Bancorp, Inc. (MPB) filed an 8-K on January 8, 2026 announcing that Mid Penn Bank appointed Dana R. Stewart as First Executive Vice President and Chief Operating Officer, effective January 5, 2026. Mr. Stewart, age 57, brings over 35 years in financial services, most recently serving as Senior VP and Director of the Project Management Office at First National Bank (2015–2025) and previously as Managing Director at BNY Mellon (2007–2014). His annual base salary is $310,000 and he will have a change-in-control severance agreement equal to 2.25 times his base salary. The filing also notes Jordan D. Space, who was COO from January 12, 2024 to January 5, 2026, will remain with the company as President of the Private Bank and continue overseeing MPB Financial Services and two nonbank subsidiaries.

Key Details

• Appointment effective date: January 5, 2026; 8-K filed January 8, 2026.
• Annual base salary for Mr. Stewart: $310,000.
• Change-in-control severance: 2.25× annual base salary.
• Mr. Stewart’s background: 35+ years in financial services; roles at First National Bank (2015–2025) and BNY Mellon (2007–2014).
• Organizational note: Former COO Jordan D. Space transitions to President of the Private Bank and manages MPB Financial Services, MPB Risk Services, LLC, and Cumberland Advisors, LLC.

Why It Matters
This is a material executive leadership change in operations for Mid Penn Bank—bringing an experienced operations leader into the COO role may affect execution of bank operations and strategic initiatives. The disclosed compensation and change-in-control severance are concrete commitments that affect potential future cash compensation and severance exposure. The filing indicates continuity in the senior team by retaining the prior COO in a senior business-line role, which may support operational stability.