Mid Penn Bank in Millersburg, Pa., is expanding its retail presence in one of the state's fastest-growing counties.
The $1 billion-asset bank said in a press release Friday that it received regulatory approval to open a branch in the town of Lancaster. The bank's first and only other branch in Lancaster County was established in Elizabethtown in February 2015.
The new branch is expected to open in November after renovations are completed and would employ two or three staff members for personal and business banking and lending.
Rory Ritrievi, chief executive and president of Mid Penn Bank, said in the release that since opening the Elizabethtown branch in early 2015, the bank has "experienced great success in the market thanks to our dedicated and reputable team. We look forward to welcoming new Lancaster-based commercial, agricultural, small business and consumer customers to Mid Penn."
Mid Penn in July opened an administrative center in Lancaster "for its growing group of Lancaster-based lenders and support staff," according to the release. Lancaster was the fourth fastest-growing county in Pennsylvania from 2010 to 2014, according to U.S. Census Bureau data.
All told, Mid Penn has 20 branches serving six counties.