The merger will expand Mid
Penn's footprint into the desirable demographic markets of southeastern Pennsylvania, including Chester, Berks, Montgomery and Bucks counties.
Among the newer MID processes that have emerged to fill in the gaps in cost, flexibility, and part complexity, one that is attracting the most attention is the laser direct structuring (LDS) process from LPKF.
Unlike other MID processes, LDS is very flexible because circuit designs can be modified simply by reprogramming the laser unit.
Heininger views LDS as a breakthrough technology that will bring more users into the MID fold.
The merger will expand Mid Penn's footprint into western Pennsylvania including Westmoreland and Fayette counties.
Mid Penn expects the transaction will be immediately accretive to tangible book value per share and will materially increase their capital ratios.
of Manmohan Singh and Pranab Mukherjee interacting with the Spanish delegation
93-12, the Service did not state that a MID would be allowed, just that it would not be disallowed solely because of family control.
The IRS stated that it would value each gift separately, but would reduce a claimed 25% MID and lack of marketability discount because each 30% block carried a "swing vote" opportunity that required a valuation premium.
Mid Penn said it intends to close the transaction on March 1, 2015.
Following completion of the merger of Mid Penn and Phoenix, Phoenix's subsidiary bank, Miners Bank, will be merged into and become part of Mid Penn's subsidiary bank, Mid Penn Bank, and will operate as "Miners Bank, a Division of Mid Penn Bank."
On a timely filed Federal estate tax return, the estate valued both the Class A voting and the Class B nonvoting stock at $22.43 per share, by applying a 45% MID and LOMD.
However, that appraiser applied only a 25% MID and LOMD, because he believed that the decedent's 10% of the Class A voting stock had some swing vote characteristics and could create majority control in the hands of the Simmons family, and that the sale of the decedent's shares might cause the two families to compete for the stock, thereby increasing its sales price.
RHODE ISLAND Samantha Gawrych, MID DIS Westerly HS Westerly
WASHINGTON Brianna Felnagle, MID DIS Bellarmine Prep HS Tacoma