Is Riverview Bank based in Halifax or Marysville? YesAmy Gulli
This week, I thought I'd overshare a little with you.
In Friday’s edition, Brent Burkey has an Inside Business story about Riverview Financial Corp. merging with Union Financial Corp. If you go check out the story, you’ll notice that the second paragraph starts with “Midstate-based Riverview Financial Corp. ...”
Normally, we’d name the specific municipality — or at least a county — so you, our faithful reader, would know where the company’s headquarters are located.
But with Riverview Financial and Riverview Bank, that’s a little tough. And we wrestle with it every time we write about them.
Often, Riverview’s news releases use a Halifax dateline. But the company’s official address is in Marysville, according to the U.S. Securities and Exchange Commission and what the company tells us.
However, according to the Federal Deposit Insurance Corp., Riverview Financial’s official address is in Halifax, while Riverview Bank’s HQ is in Marysville. But on Riverview’s website, you can see that the top of this news release lists Riverview Financial CEO Robert Garst’s name with the Marysville address beneath it.
See why we went with “midstate-based”? There’s sort of a bunch of mountains and a whole river separating our two options here.
I’ll just toss in that Riverview Bank also operates under the names Halifax Bank and Marysville Bank. And now I will leave your exploding head alone.
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In other local banking news, the not-yet-opened Bank of Bird-in-Hand has begun renovations on the building where it will install its headquarters. Earlier this month, executives with the bank, which is slated to open in the fall, said the company has received conditional approval of its charter and is ready to sell stock.
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And, finally, in national finance news, stocks fell even further Friday as investors continued to react to Federal Reserve Chairman Ben Bernanke’s announcement that the Fed was pulling back on its $85 billion monthly asset purchases.
What do you think of the plan? Have you altered your investments this week because of his announcement? And — perhaps the biggest question of all — do you think it’s time for Bernanke to be replaced?