Press release
Shareholders of Mid Penn Bancorp, Inc. and Riverview Financial Corporation Approve Merger
MILLERSBURG, Pa. and HARRISBURG, Pa., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ: MPB) and Riverview Financial Corporation
About this update from Mid Penn Bancorp
[{"type":"text","content":"MILLERSBURG, Pa. and HARRISBURG, Pa., Nov. 18, 2021 (GLOBE NEWSWIRE) -- Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ: MPB) and Riverview Financial Corporation (“Riverview”) (NASDAQ: RIVE) announced today that shareholders from both Mid Penn and Riverview overwhelmingly approved Mid Penn’s proposed acquisition of Riverview at special meetings of their respective shareholders held on November 18, 2021. “The level of support for this transaction was tremendous,” said Rory G. Ritrievi, President and CEO of Mid Penn Bancorp, Inc. “Of the total number of votes received, over 98% of Riverview shares voted in favor of the merger and more than 98% of Mid Penn shares also voted in favor of the merger.” The merger will extend Mid Penn’s footprint into attractive new markets, including the Lehigh Valley and State College region, and will expand its presence in Western Pennsylvania. Mid Penn, on a pro forma basis following completion of the merger, is expected to have $4.7 billion in assets. The acquisition is subject to various conditions to closing and is anticipated to close on November 30, 2021. About Mid Penn Bancorp, Inc. Mid Penn Bancorp Inc. (NASDAQ: MPB), headquartered in Millersburg, Pennsylvania, has been serving the community since 1868. Mid Penn has 36 retail locations in the state of Pennsylvania and total assets of more than $3 billion. Its footprint includes Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill and Westmoreland counties. The bank offers a comprehensive portfolio of products and services to meet the banking needs of the communities it serves. To learn more about Mid Penn Bank, visit www.midpennbank.com. About Riverview Financial Corporation Riverview Financial Corporation is the parent company of Riverview Bank. An independent community bank, Riverview Bank serves the Pennsylvania market areas of Berks, Blair, Bucks, Centre, Clearfield, Cumberland, Dauphin, Huntingdon, Lebanon, Lehigh, Lycoming, Perry and Schuylkill Counties through 23 community banking offices and three limited purpose offices. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. Safe Harbor for Forward-Looking Statements This document may contain ...