Mid Penn Bank has reshuffled its senior leadership, appointing Scott W. Micklewright as chief operating officer and assigning new roles to three other executives. The changes are intended to strengthen coordination across the bank as it advances its strategic plan.
The appointments took effect November 2. Mid Penn also revised compensation arrangements for Micklewright and Chief Financial Officer Justin T. Webb.
Key details
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Micklewright becomes the bank’s COO. He will oversee most operating divisions, including loan, deposit and treasury services operations; human resources and administration; credit underwriting and administration; retail banking; and residential mortgage lending. He will report to Bank President and CEO Rory Ritrievi.
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Micklewright has been with Mid Penn since 2009. He has served as president of commercial and consumer banking since January 2024 and as chief revenue officer since 2018. Before that, he was the bank’s chief lending officer.
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Heather Hall will lead the western division. As division president, she will oversee customer development and customer experience across Dauphin, Cumberland, Lancaster, Berks, Schuylkill, Luzerne, Clearfield, Centre, Fayette and Westmoreland counties, as well as adjoining counties. She will report to Ritrievi. Hall previously served as chief lending officer and as market president for Greater Harrisburg.
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Margaret Steinour takes a senior operations role. Named First Executive Vice President and chief operations officer, she will oversee loan, deposit and treasury services operations and report to Micklewright. Steinour has been with Mid Penn for 14 years and previously served as chief administrative officer.
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Heather Petito-Bentley becomes chief administrative officer, succeeding Steinour. Her responsibilities include human resources, payroll and benefits, recruiting, employee development and Mid Penn’s training and career-development programs. She will report to Micklewright. Petito-Bentley has been with the bank for eight years and previously served as deputy director of human resources and performance coach.
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Micklewright’s compensation package was revised. His annual base salary is set at $525,000. His employment agreement will have a five-year term, reverting to a three-year agreement after two years. His change-in-control severance benefit is set at 2.99 times his then-current annual base salary. He will also receive an additional supplemental retirement benefit of $35,000 annually, vesting ratably over 10 years; once fully vested, the benefit will increase by 2% each year.
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Webb’s arrangements were also revised. The changes to the employment-agreement term, change-in-control severance and supplemental retirement benefit also apply to Webb. His annual base salary is set at $535,000.
What changes for investors: Micklewright’s appointment gives him broad responsibility for Mid Penn’s operating divisions while keeping him under the bank CEO. Steinour will lead key transaction and service operations under Micklewright, while Hall and Petito-Bentley take responsibility for the western division and administration, respectively. The compensation changes also extend the agreement terms and add or revise executive severance and retirement benefits.