Business
Meridian Corporation Reminds Shareholders of the Two-for-One Stock Split Announced on February 28, 2023
MALVERN, Pa., March 20, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (the "Company") (Nasdaq: MRBK) reiterates that each shareholder of record as of the
About this update from Meridian Corporation
[{"type":"text","content":"MALVERN, Pa., March 20, 2023 (GLOBE NEWSWIRE) -- Meridian Corporation (the \"Company\") (Nasdaq: MRBK) reiterates that each shareholder of record as of the close of business on March 14, 2023, will receive one additional share of Company common stock for each share then held. The shares will be distributed after the close of business today, March 20, 2023. Christopher J. Annas, Chairman and CEO commented: \"As we complete our previously announced stock split, we believe that the additional shares issued will allow for greater participation of shareholders on a local level. These shareholders can be new customers, or influencers to broadcast Meridian’s exceptional financial products and services.” About Meridian Corporation Meridian Bank, the wholly owned subsidiary of Meridian Corporation, is an innovative community bank serving Pennsylvania, New Jersey, Delaware, Maryland and Florida. Through more than 20 offices, including banking branches and mortgage locations, Meridian offers a full suite of financial products and services and specializes in business and industrial lending, retail and commercial real estate lending, electronic payments, and wealth management solutions. Meridian also has three national lending programs including leasing, SBA lending and residential mortgage banking. Meridian is a recognized leader, both in the local community and nationally for its lending programs. Meridian offers a broad menu of high-yield depository products supported by robust online and mobile access. For additional information, visit our website at www.meridianbanker.com. Member FDIC. “Safe Harbor” Statement In addition to historical information, this press release may contain “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include statements with respect to Meridian Corporation’s strategies, goals, beliefs, expectations, estimates, intentions, capital raising efforts, financial condition and results of operations, future performance and business. Statements preceded by, followed by, or that include the words “may,” “could,” “should,” “pro forma,” “looking forward,” “would,” “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” or similar expressions generally indicate a forward-looking statement. These f...