NEW YORK, May 14, 2026 /PRNewswire/ — Pomerantz LLP is investigating claims on behalf of investors of Meridian Corporation (“Meridian” or the “Company”) (NASDAQ: MRBK). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980.
The investigation concerns whether Meridian and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
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On April 23, 2026, Meridian issued a press release reporting its financial results for the first quarter of 2026. In the press release, Meridian disclosed that “SBA loan sale income was down significantly after a management change” and that “[c]osts remained elevated during the quarter, driven largely by charge offs in our SBA and leasing portfolios that trace back to loans originated during the low rate environment of 2020 and 2021.”
On this news, Meridian’s stock price fell $1.79 per share, or 8.86%, to close at $18.42 per share on April 24, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
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CONTACT:
Danielle Peyton
Pomerantz LLP
dpeyton@pomlaw.com
646-581-9980 ext. 7980
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SOURCE Pomerantz LLP
