Meridian Planning Common Stock Issue

Meridian Bancorp announced Tuesday a public offering of 2.5 million to three million shares of common stock. The closing is slated for early September.

Meridian, an $11.2 billion-asset multibank holding company, is based in Reading, Pa. Meridian's banking subsidiaries, Meridian Bank, First National Bank of Pike County, and Delaware Trust Co., operate in 16 Pennsylvania counties and in Delaware.

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