Mid Penn Bancorp - Common Stock (MPB)

Competitors to Mid Penn Bancorp - Common Stock (MPB)

CVB Financial Corp. 

CVB Financial Corp. provides competition to Mid Penn Bancorp through its solid performance in the California banking market, marked by a strong asset base and comprehensive financial services. One of its key advantages includes a diversified revenue stream that encompasses various financial services, which could help cushion against market volatility. CVB's emphasis on digital banking solutions and customer service excellence caters to both retail and commercial customers, making it a formidable competitor.

Fulton Financial Corporation 

Fulton Financial Corporation competes closely with Mid Penn Bancorp by offering a wide range of commercial banking products, mortgages, and investment services. Both banks focus on community-oriented services, but Fulton has a larger market presence in Pennsylvania and surrounding states, which can provide them greater economies of scale and a well-established customer base. Additionally, Fulton maintains a robust online banking platform that appeals to tech-savvy customers, giving them an edge in customer attraction.

Southern First Bancshares, Inc. 

Southern First Bancshares competes with Mid Penn Bancorp primarily in the Southeastern United States, focusing on personal banking, commercial lending, and wealth management services. Southern First's competitive edge stems from its high-touch customer service and a robust relationship banking model, which fosters loyalty among customers. While Mid Penn has a stronger geographic footprint in the mid-Atlantic, Southern First's specialized service offerings create an attractive option in its operating regions.

TowneBank 

TowneBank is recognized for its exceptional customer service and community involvement, directly competing with Mid Penn Bancorp in the regional banking space. Their strategy involves focusing on personalized banking solutions, which appeal strongly to locally-based businesses and individuals. Although TowneBank has an extensive portfolio of banking products, it faces challenges in scaling compared to larger competitors, indicating that while it competes effectively on service, it may not have the same market reach as Mid Penn.