Riverview Financial Company Announces Completion Of Branch Consolidations

Margie D. Moore

HARRISBURG, Pa., Feb. 1, 2021 /PRNewswire/ — Riverview Economical Company (the “Firm” or “Riverview“) (NASDAQ: RIVE), the keeping organization for Riverview Bank (the “Financial institution”), now introduced the prosperous completion of the consolidation of two branch places of work. These consolidations declared in the fourth quarter of 2020 are aspect of the company’s ongoing efficiency initiatives, which commenced in earnest for the duration of 2019. Appropriately, the Tower Metropolis Office, positioned at 920 E. Wiconisco Avenue, Tower City, PA and the Camp Hill Office environment, found at 3556 Gettysburg Highway, Camp Hill, PA were being effectively closed and consolidated into existing places of work powerful January 31, 2020. Consumer accounts of the Tower City Office environment were being transferred to Riverview’s Elizabethville Business office, situated at 34 South Sector Street, Elizabethville, PA although those people accounts of the Camp Hill Business were being transferred to Riverview’s Ridgeview Business, located at 500 South State Street, Marysville, PA.Riverview anticipates once-a-year pre-tax financial savings of $1.0 million as a immediate result of these two office closures.

About Riverview Financial Corporation
Riverview Fiscal Company is the dad or mum organization of Riverview Lender. An unbiased neighborhood bank, Riverview Financial institution serves the Pennsylvania marketplace areas of Berks, Blair, Bucks, Centre, Clearfield, Cumberland, Dauphin, Huntingdon, Lebanon, Lehigh, Lycoming, Perry, Schuylkill and Somerset Counties through 25 local community banking workplaces and 3 minimal purpose places of work. Each and every place of work, interdependent with the neighborhood, delivers a thorough array of monetary goods and companies to people today, organizations, not-for-profit organizations and authorities entities. Riverview’s small business philosophy consists of giving immediate obtain to senior administration and other officers and delivering friendly, educated and courteous service, local and well timed decision making, flexible and affordable functioning strategies and regularly utilized credit history procedures. The Firm’s common inventory trades on the NASDAQ World Market place less than the image “RIVE”. The Investor Relations site can be accessed at https://www.riverviewbankpa.com/.

Harmless Harbor Ahead-Hunting Statements: 
We make statements in this push release, and we may perhaps from time to time make other statements concerning our outlook or anticipations for future money or working benefits and/or other matters about or impacting Riverview Monetary Company, Riverview Bank, and its subsidiaries (collectively, “Riverview“) that may be viewed as “forward-seeking statements” as described in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Trade Act of 1934, as amended. These forward-looking statements could be determined by the use of these kinds of words and phrases as “consider,” “count on,” “anticipate,” “ought to,” “prepared,” “believed,” “intend” and “likely.” For these statements, Riverview claims the security of the statutory safe harbors for forward-hunting statements.

Riverview cautions you that a amount of vital things could bring about actual benefits to differ materially from those people at the moment expected in any forward-on the lookout assertion. These aspects include, but are not minimal to: the affect of the COVID-19 outbreak, prevailing financial and political disorders, specifically in our sector place credit danger affiliated with our lending actions modifications in curiosity fees, financial loan desire, authentic estate values and competitiveness alterations in accounting principles, insurance policies, and guidelines variations in any relevant law, rule, regulation or exercise with respect to tax or authorized troubles and other economic, competitive, governmental, regulatory and technological aspects impacting Riverview’s operations, pricing, merchandise and services and other factors that may perhaps be described in Riverview’s periodic reviews as filed with the Securities and Trade Commission from time to time. Readers are cautioned against inserting undue reliance on any such ahead-on the lookout statements. The Firm’s earlier success are not always indicative of future general performance.&#13

 

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Source Riverview Money Company

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