Mid Penn Bancorp director Joel L. Frank purchased 70 shares of the company's common stock on September 30, 2026, at $35.40 per share for a total of $2,478, according to a Form 4 filing submitted to the SEC on October 2. The transaction brought Frank's direct holdings to 13,260 shares, a 1% increase.
The purchase was not isolated. On the same day, five other directors — Albert J. Evans, Matthew G. DeSoto, Kimberly J. Brumbaugh, Robert A. Abel, and Theodore W. Mowery — also bought shares at the identical price of $35.40. Evans acquired 282 shares ($9,983), DeSoto 283 shares ($10,018), Brumbaugh 70 shares ($2,478), Abel 14 shares ($496), and Mowery 56 shares ($1,982). All transactions were coded as open-market purchases.
Frank has served on the Mid Penn board since at least the company's 2026 annual meeting materials, where he is listed as Chairman and Managing Partner of Lamb McErlane PC. The coordinated buying follows a similar pattern from June 30, when the same group of directors purchased shares at $34.84. CEO Rory Ritrievi also bought 193 shares at $37.07 on September 15, prior to the directors' clustered activity.