Shares of Pennsylvania-based Meridian Bank surged 3.5% in their trading debut Tuesday, after the company priced its initial public offering at the low end of its $17 to $19 price range. Meridian shares were last up 60 cents at $17.60. The bank sold 2.35 million shares to raise $40 million. Sandler O’Neill was lead manager on the deal. The stock is trading on Nasdaq under the ticker symbol “MRBK”.
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