MILLERSBURG, Pa. and SCOTTDALE, Pa., Nov. 17, 2017 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc.  (NASDAQ:MPB) and The Scottdale Bank & Trust Company  (OTC:SDLJ) announced that shareholders from both Mid Penn and Scottdale, at special meetings of their respective shareholders held today, approved Mid Penn’s proposed acquisition of Scottdale.

The proposed transaction will expand Mid Penn’s footprint into western Pennsylvania, including Westmoreland and Fayette counties. On a pro forma basis, the consolidated assets of the combined company would be approximately $1.4 billion at Sept. 30, 2017. The acquisition is subject to various conditions to closing, including receipt of all regulatory approvals.

About Mid Penn Bancorp, Inc.

Mid Penn Bancorp, Inc. (NASDAQ:MPB), through its banking subsidiary, Mid Penn Bank, has been serving Central Pennsylvania since 1868. Headquartered in Millersburg, Pa., Mid Penn Bank has 23 retail locations in Cumberland, Dauphin, Lancaster, Luzerne, Northumberland and Schuylkill Counties. The bank offers a diverse portfolio of products and services to meet the personal and business banking needs of the community. To learn more about Mid Penn Bank, visit midpennbank.com.

About The Scottdale Bank & Trust Company

The Scottdale Bank & Trust Company has total assets of approximately $263 million. Headquartered in Scottdale, Pa., the bank has been serving the community since 1901. Scottdale provides personal banking, business banking and trust services through its five locations in Westmoreland and Fayette counties. Additional information is available through the bank’s website at www.sbtbank.com.

Additional Information about the Merger and Where to Find It

In connection with the proposed merger, Mid Penn filed with the Securities and Exchange Commission (the "SEC") a registration statement on Form S-4 to register the shares of Mid Penn common stock to be issued to the shareholders of Scottdale. Investors and security holders are urged to read the registration statement on Form S-4 and the joint proxy statement/prospectus included within the registration statement and any other relevant documents to be filed with the SEC in connection with the proposed merger because they will contain important information about Mid Penn, Scottdale, and the proposed transaction.