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Mid Penn Bancorp acquiring Riverview Financial Corporation
Cris Collingwood//November 15, 2021
Mid Penn Bancorp, Millersburg received regulatory approval to acquire Riverview Financial Corporation, Harrisburg, extending its footprint into the Lehigh Valley and State College regions.
The merger now awaits the approval of shareholders, according to a Mid Penn Bank press release. The parties hope to conclude the merger before the end of the year.
“We are pleased to have received regulatory approval of our merger that supports our growth objectives, complements our franchise, and propels long-term shareholder value,” said Mid Penn President and CEO Rory G. Ritrievi. “Mid Penn and Riverview continue to work collectively towards a fourth-quarter closing of this transaction and are meeting timelines and milestones as expected.”
Mid Penn, on a pro-forma basis following completion of the merger, is projected to have $4.7 billion in assets.
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