Riverview Financial (RIVE) 8-K Other Events

EXHIBIT 99.1

The following update relates to certain programs recently introduced by the Company to identify potential risk within its credit portfolio and to help mitigate the economic impact of the Coronavirus pandemic on its customers:

Riverview Financial Corporation (the “Company” or “Riverview”) participated in the Coronavirus Aid, Relief and Economic Security Act (“CARES Act”), Paycheck Protection Program (“PPP”), a multi-billion dollar specializedlow-interest loan program funded by the U.S. Treasury Department and administered by the U.S. Small Business Administration (“SBA”). The PPP provides 100% SBA guarantees for lenders, as well as loan forgiveness incentives for borrowers that utilize the loan proceeds to cover employee compensation-related and other qualified business operating costs. Through May 18, 2020, Riverview closed 1,234 PPP loans totaling $271.9 million, resulting inpre-tax SBA origination fees approximating $7.5 million. The Company is primarily utilizing the Federal Reserve’s Paycheck Protection Program Liquidity Facility (“PPPLF”) to meet the funding needs of PPP loans.

Riverview implemented short-term modification programs that comply with regulatory and accounting guidance to provide temporary payment relief to those borrowers directly impacted by the Coronavirus who were not more than 30 days past due at the time we implemented our modification programs. These programs allow for a deferral of all, or a portion of, monthly payments for a maximum of 180 days on a cumulative and successive basis. The deferred payments, including interest accrued during the deferral period, if applicable, result in the extension of the loan due date by the number of months deferred. As of April 30, 2020, we have granted temporary modifications to consumer and commercial loan customers for 355 loans with outstanding balances totaling $185,188, or 20.9% of total loan balances outstanding. Depending on the circumstances and request from the borrower, modifications were made to defer all payments for loans requiring principal and interest payments, or to defer principal payments only and continue to collect interest payments, or to defer all interest payments for loans requiring interest only payments. Weighted average loan to value ratios are computed for real estate loans for the total portfolio of each loan classification and for loans modified within each loan classification using the most recent appraised values. The total portfolio weighted average loan to value ratio for residential real estate was omitted as it was determined to be immaterial to the overall credit risk profile of the Company. The following table summarizes information concerning loan modifications made as of April 30, 2020, by loan classification:

	Number of Loans		Amount		% of Outstanding			Weighted Average Loan to Value						Aggregate Deferred Payments
								% of Total Loan Classification			% of Loans Modified			Principal		Interest
Commercial		83	$	24,522		20.2	%							$	631	$	315
Construction:
Commercial		14		10,013		18.3	%		69.6	%		70.9	%		50		128
Hospitality		3		15,761		88.9	%		65.6	%		72.1	%		55		185
Total		17		25,774		35.5	%								105		313
Commercial Real Estate:
Multi Family		13		4,786		8.4	%		66.3	%		66.4	%		74		44
Owner Occupied		69		30,897		24.5	%		63.0	%		59.1	%		623		322
Non-Owner Occupied		29		48,413		21.8	%		62.2	%		69.5	%		1,481		304
Hospitality		7		21,930		56.6	%		65.0	%		58.6	%		241		276
Agricultural		10		6,725		20.5	%		49.6	%		58.3	%		102		124
Total		128		112,751		23.7	%								2,521		1,070
Residential Real Estate		116		21,897		10.4	%					61.4	%		307		320
Consumer		11		244		3.3	%								8		6
Total		355	$	185,188		20.9	%							$	3,572	$	2,024