Mid Penn hires Spirit of Texas CFO to fill same post

Mid Penn Bancorp in Harrisburg, Pa., has hired the chief financial officer at Spirit of Texas Bancshares to serve as its CFO. 

The $4.7 billion-asset Mid Penn disclosed in a regulatory filing Friday that Allison Johnson had recently accepted the position. She will also become the CFO of Mid Penn Bank.

Johnson has been the CFO at the $3 billion-asset Spirit of Texas since November 2020, although she was its interim CFO for the previous 10 months. She was the SEC reporting manager at Florida Community Bank from 2012 to 2016. 

Spirit, which is being acquired by Simmons First National, disclosed earlier in the week that Johnson planned to leave once that deal is completed. That transaction is expected to close in the second quarter.

Mid Penn said in its filing that it expects Johnson will join the company “following a brief post-closing integration period with Simmons.” She will receive a $325,000 base salary, a $100,000 signing bonus and a grant of 4,000 shares of restricted stock that will vest over four years. 

Mid Penn said Donald Holt, who was hired in late August to serve as interim CFO, is no longer in that post. The company appointed Justin Webb, its chief operating officer, to fill in as interim CFO until Johnson begins her employment.