 MILLERSBURG, Pa., May 04, 2021 GLOBE NEWSWIRE -- Mid Penn Bancorp, Inc. Mid Penn or the Company NASDAQ: MPB, the parent company of Mid Penn Bank, announced today that it has completed its underwritten public offering of 2,990,000 shares of common stock at a price of 25.00 per share, before underwriting discounts, including 390,000 additional shares of common stock upon the exercise in full by the underwriters of their option to purchase additional shares. The aggregate gross proceeds of the offering were 74.75 million. The net proceeds of the offering after deducting the underwriting discount and other estimated offering expenses are expected to be approximately 70.2 million. The Company intends to use the net proceeds of the offering to increase its capital structure, to fund future organic growth and for working capital and other general corporate purposes. The Company may also use a portion of the net proceeds for future acquisitions, although the Company has no present commitments or agreements to do so. 