Mid Penn Bank Hires Dana Stewart as Chief Operating Officer

Mid Penn Bank, a wholly-owned subsidiary of Mid Penn Bancorp, Inc. (NASDAQ: MPB), has announced the appointment of Dana Stewart as its new Executive Vice President and Chief Operating Officer, starting January 5, 2026. In his new role, Stewart will oversee the Bank’s loan and deposit operations and will report directly to President and CEO Rory Ritrievi.

Stewart brings over 35 years of extensive experience in the financial services sector. Most recently, he was the Senior Vice President and Director of the Project Management Office at First National Bank in Pittsburgh, where he excelled in transformation initiatives and project delivery. His prior experience includes a role as Managing Director for BNY Mellon, where he led programs aimed at optimizing IT expenditures, enhancing service quality, standardizing processes, and boosting productivity.

Ritrievi expressed his enthusiasm for Stewart’s addition to the team, highlighting his proven leadership and operational excellence in large banking institutions. Stewart’s expertise is expected to be invaluable as Mid Penn Bank aims for disciplined growth while upholding its commitment to exceptional customer service.

A resident of Pittsburgh, Stewart holds a Bachelor of Arts degree in Business Administration with a focus on Financial Planning from Grove City College and an MBA from Robert Morris University. He actively participates in community initiatives, serving on the board of the Fund for Advancement of Minorities through Education (FAME) and as a member of the Tocqueville Society for the United Way of Southwestern Pennsylvania.

Mid Penn Bank, established in 1868 and headquartered in Millersburg, Pennsylvania, operates 59 retail locations in Pennsylvania and parts of New Jersey, boasting assets exceeding $6 billion. The bank offers a variety of financial products and services tailored to meet community needs. For more information, visit www.midpennbank.com.

The recent appointment of Dana Stewart as the Chief Operating Officer at Mid Penn Bank marks a significant milestone that could potentially enhance the institution's market positioning and operational efficiency. With over 35 years of experience, particularly in transformation and project delivery, Stewart's track record aligns well with the Bank’s strategic priorities, which include disciplined growth and maintaining exceptional customer service—a critical focus in today's competitive banking landscape.

Stewart’s extensive background at First National Bank and BNY Mellon positions him as a change agent who can drive operational improvements and foster innovation within Mid Penn Bank. Given the ongoing challenges in the financial services industry, including regulatory pressures and cost management, his expertise in project governance and M&A integrations is particularly timely. This experience will likely facilitate smoother transitions during growth phases, particularly as Mid Penn looks to solidify its market stance in Pennsylvania and parts of New Jersey.

For investors and stakeholders, this appointment signals a commitment to operational excellence and long-term growth. As the market evolves, banks that can efficiently streamline their operations while enhancing customer value will likely outperform competitors. With its existing assets exceeding $6 billion and a strong community presence, Mid Penn Bank is poised to leverage Stewart's leadership to optimize services and improve profitability.

From a market perspective, continuing to monitor how Stewart implements operational strategies in the coming months will be vital. Investors should watch for improvements in efficiency metrics and customer engagement, which can translate to stronger revenue growth. Ultimately, Dana Stewart’s hiring could be indicative of a positive trajectory for Mid Penn Bank, potentially enhancing its stock value and overall market confidence in the upcoming fiscal quarters.