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Riverview acquires Palmyra financial advisory firm

Riverview Bank said Friday it has acquired Palmyra-based financial advisory firm Your Vision Financial Services, which opened one year ago.

The bank, a subsidiary of Riverview Financial Corp. of Susquehanna Township, did not disclose the acquisition price.

Lifelong Lebanon County resident Jeffrey Krall opened Your Vision on West Main Street in September. Krall has been hired by Riverview to operate out of the office. He had previously worked as a financial adviser in other Central Pennsylvania firms as well, including Fulton Bank.

Krall said Friday it wasn’t his intention to go back to a bank almost one year after he opened as an independent, but said the opportunity Riverview offered was too good to pass up. He said the bank is offering him a chance to help expand its wealth management reach in the region.

“I didn’t go into business for myself to go back to a bank after one year,” Krall said. “But this kind of opportunity doesn’t come along very often. I wasn’t looking for it, but it came out of the blue.”

The acquisition marks the first move by Riverview into Lebanon County. It currently has branches or offices in Berks, Dauphin, Northumberland, Perry, Schuylkill and Somerset counties.

The company has about $537 million in assets and trades its shares on the OTC market at the ticker symbol RIVE.

Michael Sadowski

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