FOR IMMEDIATE RELEASE
PennCrest BANK® Announce Definitive Agreement to Purchase Mid Penn Bank’s Williamsburg Financial Center.
“As a mutual savings bank, PennCrest is dedicated to community banking and to the communities that it serves. Upon learning of Mid Penn’s intention to consolidate the Williamsburg Financial Center with a nearby office, we were excited by the prospect of acquiring and operating the location,” said William E. Ritenour, President and CEO of PennCrest. He added, “PennCrest’s community banking model benefits both the Williamsburg community and PennCrest. Williamsburg fits naturally within our market area, and we are excited to be able to bring stability to that location through our mutual ownership structure and dedication to community banking.”