Mid Penn Bank in Millersburg, Pa., warned Monday that it expects to record two hefty fourth-quarter expenses: a $700,000 provision for loan losses and a $478,000 severance payment for its former chief executive officer.

The expenses seem likely to wipe out much of the bank's profits for the quarter. It had earned $1.1 million in the third quarter, when it took a $275,000 provision.

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