Mid Penn Bancorp completed its acquisition of Riverview Financial Corporation, valued at approximately $124.7 million, enhancing its market presence in Pennsylvania and expanding its community banking services.

Information on the Target

Riverview Financial Corporation, based in Pennsylvania, is the holding company for Riverview Bank. This acquisition by Mid Penn Bancorp marks a significant step in expanding Mid Penn's alignment with community-focused banking and enhancing its service offerings. Riverview Bank operates within the competitive Pennsylvania banking market, providing a range of financial products and services tailored to meet the local needs of consumers and businesses.

The completion of this acquisition, announced on December 1, 2021, allows Riverview's customers and employees to transition smoothly under the Mid Penn Bank umbrella, promising a deeper commitment to service excellence and community engagement.

Industry Overview in Pennsylvania

The banking industry in Pennsylvania remains robust and competitive, characterized by a mix of regional banks and large financial institutions, all vying for market share in a landscape