Mid Penn Bank Hires Jordan Space as EVP, Chief Corporate Development Officer

Rhea-AI Summary

Mid Penn Bank has appointed Jordan Space as the new executive vice president and chief corporate development officer, effective April 18, 2022. In this role, he will assist the CEO in developing new business lines, including establishing a Private Bank, aimed at increasing market share and enhancing brand presence across Pennsylvania. Space has a strong background in banking, having previously served as market president for S&T Bank and chief lending officer at Integrity Bank. Mid Penn Bank operates in 16 counties with assets exceeding $4.6 billion.

Positive

• Appointment of Jordan Space expected to enhance corporate growth strategies.
• Experience in banking from S&T Bank and Integrity Bank may bring fresh perspectives.
• Focus on establishing a Private Bank to increase market share.

Negative

• Potential continuity concerns with a new executive in a critical role.

HARRISBURG, Pa., May 11, 2022 (GLOBE NEWSWIRE) -- Mid Penn Bank (the “Bank”), a wholly owned subsidiary of Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ: MPB), announces the appointment of Jordan Space as executive vice president and chief corporate development officer, effective April 18, 2022.  In his role, Mr. Space will be assisting the CEO in the development of new lines of business across the corporation, including the establishment of a Private Bank, to increase market share and strengthen Mid Penn’s brand presence throughout the state.

Most recently, Mr. Space served as market president of the Eastern Pennsylvania market for S&T Bank. Prior to that, he held the position of chief lending officer at Integrity Bank and began his career in the Commercial and Private Banking division of M&T Bank Corporation.

“Jordan brings an outstanding track record to Mid Penn, and I am delighted to have him join our team,” said President and CEO Rory Ritrievi. “He will play a significant role in the execution of our growth strategies, helping us to build upon strong established relationships, while also opening doors to new opportunities.”

Mr. Space resides in Lancaster County, PA, with his wife and three children. He is actively engaged in his local community and serves on multiple committees as well as the Board of Trustees of Penn Medicine/Lancaster General Health. He also serves on the Economic Development Executive Leadership Team for the Lancaster City Alliance and is a member of the Young Presidents’ Organization. In 2021, Mr. Space was recognized as one of Central Penn Business Journal’s Power 30 in Banking and Finance. He graduated from the University of Pittsburgh with a Bachelor of Science in Finance and is a graduate of the Stonier Graduate School of Banking.

About Mid Penn Bank
Mid Penn Bank, headquartered in Millersburg, Pennsylvania, has been serving the community since 1868. The Bank operates retail locations in 16 counties throughout the Commonwealth of Pennsylvania and has total assets in excess of $4.6 billion. Mid Penn offers a comprehensive portfolio of financial products and services to meet the banking needs of the communities it serves. To learn more, please visit www.midpennbank.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0ec887ef-b9cd-46c6-af42-65828743ed75

FAQ

Who is the new executive vice president of Mid Penn Bank?

Jordan Space has been appointed as the executive vice president and chief corporate development officer.

What will Jordan Space's role entail at Mid Penn Bank?

He will assist the CEO in developing new lines of business, including a Private Bank.

When did Jordan Space start his role at Mid Penn Bank?

His appointment became effective on April 18, 2022.

What is the main goal of Jordan Space's appointment?

To increase market share and strengthen Mid Penn's brand presence throughout Pennsylvania.

What prior experience does Jordan Space have?

He served as market president for S&T Bank and chief lending officer at Integrity Bank.