Meridian Shares Recover Pre-Holiday With Loan Uncertainty Still Ahead
Meridian closed Friday at $17.58, up 0.5% for the day and 2.5% for the week, after revising first-quarter results earlier this month to reflect a $3.9 million charge-off on a Pennsylvania office loan. U.S. markets are closed Monday for Memorial Day. Meridian’s net income was cut to $2.0 million after the loan revision. No new company updates have been filed since May 13.