SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report - January 9, 1998
MID PENN BANCORP, INC.
(Exact name of registrant as specified in its charter)
Pennsylvania 0-20141 25-1666413
- ----------------- ---------------------- ----------------
State or other (Commission File Number) (IRS Employer
jurisdiction Identification
of incorporation) Number)
349 Union Street
Millersburg, Pennsylvania 17061
-------------------------- ----------
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number including area code:(717) 692-2133
-------------
N/A
- -----------------------------------------------------------------
(Former name or former address, if changed since last report)
Page 1 of 6 Sequentially Numbered Pages
Index to Exhibits Found on Page 4
<PAGE>
Item 1. Changes in Control of Registrant.
---------------------------------
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
-------------------------------------
Not Applicable.
Item 3. Bankruptcy or Receivership.
---------------------------
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
----------------------------------------------
Not Applicable.
Item 5. Other Events.
-------------
On January 9, 1998, the Registrant issued a press
release announcing execution of a definitive agreement
relating to the Registrant's acquisition of Miners Bank
of Lykens, which press release is attached as Exhibit 99
hereto and incorporated herein by reference.
Item 6. Resignations of Registrant's Directors.
---------------------------------------
Not Applicable.
Item 7. Financial Statements and Exhibits.
----------------------------------
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits:
99 Press Release, of Registrant, dated
January 9, 1998, re: Registrant's
Acquisition of Miners Bank of Lykens.
Item 8. Change in Fiscal Year.
----------------------
Not Applicable.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
MID PENN BANCORP, INC.
(Registrant)
Dated: January 16, 1998 /s/ Alan W. Dakey
---------------------------------
Alan W. Dakey, Vice President and
Chief Operating Officer
<PAGE>
EXHIBIT INDEX
Page Number
in Manually
Exhibit Signed Original
- ------- ---------------
99 Press Release, of Registrant, dated 6
January 9, 1998, re: Registrant's
Acquisition of Miners Bank of Lykens.
EXHIBIT 99
PRESS RELEASE
<PAGE>
PRESS RELEASE
MID PENN BANCORP, INC. AND
MINERS BANK OF LYKENS ANNOUNCE MERGER
-------------------------------------
Contact Person: Eugene F. Shaffer, Chairman, President and Chief
Executive Officer
DATE: January 9, 1997
The Board of Directors of Mid Penn Bancorp, Inc. and Miners
Bank of Lykens announced today that they have reached a
definitive agreement whereby Mid Penn Bancorp, Inc. will acquire
Miners. The agreement, signed January 9, 1998, provides for the
merger of Miners with and into Mid Penn Bank, the wholly-owned
subsidiary of Mid Penn Bancorp, Inc.
Under the terms of the Agreement, shareholders of Miners
will receive ten (10) shares of Mid Penn Bancorp Common Stock,
par value $1 per share, for each share of Miners common stock,
par value $5 per share, previously owned. The aggregate deal
value is approximately $4,595,750. The most recent sale of Mid
Penn Bancorp, Inc. [MBP] stock traded on the American Stock
Exchange at $31 per share. The combined assets of the
institution will be approximately $257 million after the merger.
In announcing the deal, Eugene F. Shaffer, Chairman,
President and Chief Executive Officer of Mid Penn Bancorp said,
"The acquisition of Miners is an excellent opportunity. We
believe that this transaction will result in substantial benefit
to our shareholders, the community and the customers served by
both institutions." Mid Penn Bank, with corporate headquarters
in Millersburg, Dauphin County, Pennsylvania, has 9 offices in
Dauphin, Northumberland, Schuylkill, and Cumberland Counties,
with total assets of approximately $229 million as of December
31, 1997.
Franklin W. Ruth, Jr., President and Chief Executive Officer
of Miners stated that, "We are pleased to affiliate with Mid
Penn, a company with a long-standing tradition of service to its
customers and the community and sound financial performance. We
believe that this transaction will provide value to our
shareholders while significantly enhancing the banking services
and products available to our customers and the community we
serve." Miners Bank of Lykens, headquartered in Lykens, Dauphin
County, Pennsylvania, has total assets of approximately $28
million as of December 31, 1997.
The present Miners Bank at 550 Main Street, Lykens, will
operate as a branch office of Mid Penn Bank. All employees of
Miners will be employed by Mid Penn Bank.
Subject to the receipt of all required regulatory and Miners
Bank shareholder approvals, the parties anticipate consummating
the transaction by late Spring of 1998.
