Matthew DeSoto - Mid Penn Insider

MPB -- USA Stock  

USD 34.65  0.35  1.00%

Director, Chairman of Audit Committee, Member of Compensation Committee, Director of Mid Penn Bank and Advisory Board Member of Mid Penn Bank

Mr. Matthew G. DeSoto is an Independent Director of Mid Penn Bancorp Inc. In 2013, Mr. DeSoto became President and Chief Executive Officer of MI Windows and Doors, Inc. in Gratz, PA, where he previously served as Chief Operating Officer. MI Windows and Doors is a nationwide fabricator of window and patio door products for residential projects. Mr. DeSoto has previously served on the Policy Advisory Board of the Harvard University Joint Center for Housing Studies and is an active member of the Young Presidents Organization. Mr. DeSoto attended The Pennsylvania State University obtaining a BS Degree in Marketing. The Board has determined that as President and Chief Executive Officer of MI Windows and Doors, Inc., Mr. DeSotos knowledge in all aspects of business operations is an asset to the Corporationrationration and qualifies him to serve on the Board. Mr. DeSoto serves as Chairman of the Audit Committee and is a member of the Compensation Committee.
Age: 38  Chairman Since 2008      
DeSoto attended The Pennsylvania State University obtaining a BS Degree in Marketing.

Management Efficiency

The company has Return on Asset of 0.49 % which means that on every $100 spent on asset it made $0.49 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of 5.77 % implying that it generated $5.77 on every 100 dollars invested.
The company has 29.63 M in debt with debt to equity (D/E) ratio of 12.3 . This implies that the company may be unable to create cash to meet all of its financial commitments.

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Entity Summary

Mid Penn Bancorp, Inc. operates as the holding company for Mid Penn Bank that provides commercial banking and trust services to individuals, partnerships, non-profit organizations, and corporations. Mid Penn Bancorp, Inc. was founded in 1868 and is headquartered in Millersburg, Pennsylvania. Mid Penn operates under Banks - Regional - US classification in USA and traded on NASDAQ General Markets. It employs 255 people.Mid Penn Bancorp (MPB) is traded on NASDAQ General Markets in USA. It is located in PENNSYLVANIA, U.S.A and employs 255 people. Mid Penn is listed under Banking category by Fama And French industry classification.

Mid Penn Bancorp Leadership Team

Scott Micklewright, EVP
Robert Grubic, Chairman
Edward Williams, CFO
Gregory Kerwin, Director
Kelly Neiderer, Executive
Steven Boyer, Director
Joseph Paese, President
Donald Kiefer, Director
Rory Ritrievi, CEO
Theodore Mowery, Chairman
Vincent Land, Director
Matthew DeSoto, Chairman
Cindy Wetzel, President
John Noone, Director
Robert Abel, Director
Robert Klinger, Director
Justin Webb, President
Michael Peduzzi, President, CPA
Robert Moisey, Director
Noble Quandel, Director
William Specht, Chairman

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