FOR IMMEDIATE RELEASE
Contact: Christopher J. Annas
Meridian Bank Rings Nasdaq Stock Market Closing Bell
Malvern, Pa. (December 5, 2017) – Meridian Bank Chairman and CEO Chris Annas joined with members of Meridian senior management to ring the Nasdaq Stock Market closing bell on Friday, December 1st at 4:00 p.m. ET. The event marked the company’s recent listing on the Nasdaq Global Select Market under the ticker symbol MRBK.
“We are thrilled to be a part of the prestigious Nasdaq community of innovative and visionary companies,” said Annas. “With the ringing of this closing bell, we celebrate a tremendous milestone in the evolution of our company, and the start of a new chapter of growth and expansion in our region.”
In November Meridian closed an underwritten public offering of 2,705,882 shares of its common stock at a price to the public of $17.00 per share. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other operating expenses, were approximately $46.0 million.
Headquartered in Malvern, PA, Meridian is an innovative community bank serving businesses, individuals and municipalities in Pennsylvania, New Jersey and Delaware with a comprehensive array of financial services. In addition to a robust business banking platform, Meridian’s specialties include commercial and consumer real estate financing, residential mortgages, electronic payments processing, and investment and wealth management services. Meridian focuses on tailored financial solutions designed by experienced bankers and delivered through efficient, technological channels.