Mid Penn Bancorp Appoints Dana Stewart as First EVP and Chief Operating Officer
Summary
Mid Penn Bancorp announced the appointment of Dana R. Stewart as its new Chief Operating Officer, bringing over 35 years of financial services experience to the role. The former COO will transition to lead the Private Bank.
Key Events
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New Chief Operating Officer Appointed
Mid Penn Bank, a wholly-owned subsidiary, appointed Dana R. Stewart as First Executive Vice President and Chief Operating Officer, effective January 5, 2026.
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Extensive Financial Services Experience
Mr. Stewart brings over 35 years of experience, including leadership roles at First National Bank and BNYMellon, focusing on operational excellence and strategic initiatives.
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Previous COO Transitions to New Role
Jordan D. Space, who served as COO, will continue as President of the Private Bank, managing MPB Financial Services, LLC and its nonbank subsidiaries.
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Compensation Details
Mr. Stewart will receive an annual base salary of $310,000 and a change in control agreement with a severance benefit equal to 2.25 times his annual base salary.
Analysis
Mid Penn Bancorp has strengthened its executive leadership by appointing Dana R. Stewart as Chief Operating Officer. Mr. Stewart's extensive background in financial services operations and strategic project management from his previous roles at First National Bank and BNYMellon suggests a focus on enhancing efficiency and driving disciplined growth. The transition of the former COO to President of the Private Bank indicates a strategic realignment of leadership rather than an unexpected departure, which is a positive sign for the company's stability and future operational execution.
At the time of this filing, MPB was trading at $31.68 on NASDAQ in the Finance sector, with a market capitalization of approximately $730M. The 52-week trading range was $22.50 to $33.24. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.