Millersburg-based Mid Penn Bancorp closed on its acquisition of Riverview Financial Corp. on Nov. 30.
Riverview’s banking subsidiary, Riverview Bank, was merged with Mid Penn’s subsidiary bank, Mid Penn Bank.
“We are pleased to welcome Riverview customers, employees and shareholders to Mid Penn and Mid Penn Bank,” Rory G. Ritrievi, Mid Penn President and CEO, said. “As we introduce the Mid Penn brand of community banking throughout the Riverview footprint, we are committed to making this combination a positive one for all involved. We believe our commitment to offering the best products and services, delivered by the best financial professionals, will be appreciated by customers and the communities at large.”
The acquisition helps Mid Penn expand its presence in Western Pennsylvania and helps it expand into new markets, including the State College region and the Lehigh Valley. The combined company has consolidated assets valued at approximately $4.7 billion.
Mid Penn purchased Riverview for approximately $124.7 million in stock.
Founded in 1868, Mid Penn has 62 retail locations in Pennsylvania with assets totaling approximately $4.7 billion. Its has locations in the following counties: Berks, Blair, Bucks, Centre, Chester, Clearfield, Cumberland, Dauphin, Fayette, Huntingdon, Lancaster, Lehigh, Luzerne, Lycoming, Montgomery, Northumberland, Perry, Schuylkill and Westmoreland.