During the fourth quarter of 2018, Riverview Financial Corporation (the “Company” or “Riverview”) conducted a branch rationalization study analyzing branch performance for certain of its branches. As a result of the study and in an effort to reduce operating costs and increase efficiencies in its distribution network, the Company determined to close two of its branch offices in the first quarter of 2019. Accordingly, effective at the end of business on February 1, 2019, the Goldenrod Office, located at 1935 Daisy Street, Clearfield, PA and the Huntingdon Downtown Office, located at 500 Penn Street, Huntingdon, PA will be closed. Customer accounts of the Goldenrod Office will be transferred to Riverview’s Bridge Street Office, located at 204 Bridge Street, Clearfield, PA while those accounts of the Huntingdon Downtown Office will be transferred to Riverview’s Huntingdon Plaza Office, located at 9585 William Penn Highway, Huntingdon, PA. Concurrent with this strategic initiative to reposition itself in the market, Riverview recently opened a limited purpose office located at 2505 Green Tech Drive, State College, PA. This office will increase the Company’s presence in Centre County and complement its existing Pine Grove Mills branch facility located at 511 Pine Grove Road, State College, PA. An independent community bank, Riverview continues to serve the Pennsylvania market areas of Berks, Blair, Centre, Clearfield, Dauphin, Huntingdon, Lebanon, Lycoming, Northumberland, Perry, Schuylkill and Somerset Counties through 28 community banking offices and 4 limited purpose offices.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report onForm 8-K to be signed on its behalf by the undersigned, thereunto duly authorized.
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| | | | RIVERVIEW FINANCIAL CORPORATION (Registrant) |
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Dated: February 4, 2019 | | | | /s/ Brett D. Fulk |
| | | | Brett D. Fulk |
| | | | President and Chief Executive Officer |