In order to optimize the delivery of banking services and in response to shifting consumer preferences, Mid Penn Bancorp (NASDAQ:MPB), parent company of Mid Penn Bank, announced the planned consolidation of three branches in the bank’s retail network effective December 31, 2020.

Customers will continue to have access to nearby branches as well as a robust set of technology-based services.

No layoffs or job losses are expected due to the consolidation; Mid Penn estimates annualized savings in excess of $150K and anticipates recouping the one-time costs associated with the initiative by 3Q21.

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