October 18, 2021

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Business is my step

Riverview Economic Company Announces Completion Of Department Consolidations

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HARRISBURG, Pa., Feb. 1, 2021 /PRNewswire/ — Riverview Money Corporation (the “Business” or “Riverview“) (NASDAQ: RIVE), the holding organization for Riverview Bank (the “Lender”), now announced the successful completion of the consolidation of two branch offices. These consolidations declared in the fourth quarter of 2020 are portion of the company’s ongoing efficiency initiatives, which began in earnest during 2019. Accordingly, the Tower City Business, found at 920 E. Wiconisco Avenue, Tower City, PA and the Camp Hill Office environment, situated at 3556 Gettysburg Street, Camp Hill, PA were correctly closed and consolidated into current workplaces helpful January 31, 2020. Shopper accounts of the Tower Town Office have been transferred to Riverview’s Elizabethville Business, located at 34 South Market Street, Elizabethville, PA although those people accounts of the Camp Hill Office had been transferred to Riverview’s Ridgeview Office environment, situated at 500 South Point out Street, Marysville, PA.Riverview anticipates annual pre-tax savings of $1.0 million as a immediate result of these two office environment closures.

About Riverview Economical Corporation
Riverview Money Company is the mother or father firm of Riverview Bank. An impartial community financial institution, Riverview Lender serves the Pennsylvania industry locations of Berks, Blair, Bucks, Centre, Clearfield, Cumberland, Dauphin, Huntingdon, Lebanon, Lehigh, Lycoming, Perry, Schuylkill and Somerset Counties by 25 community banking workplaces and 3 restricted goal offices. Each business office, interdependent with the community, features a detailed array of fiscal items and providers to individuals, corporations, not-for-revenue corporations and governing administration entities. Riverview’s business philosophy features featuring direct access to senior administration and other officers and providing helpful, informed and courteous provider, neighborhood and timely determination building, flexible and affordable functioning strategies and constantly utilized credit rating guidelines. The Company’s widespread inventory trades on the NASDAQ International Marketplace under the image “RIVE”. The Trader Relations web-site can be accessed at https://www.riverviewbankpa.com/.

Safe and sound Harbor Ahead-Looking Statements: 
We make statements in this push launch, and we may possibly from time to time make other statements concerning our outlook or expectations for upcoming fiscal or running results and/or other issues with regards to or influencing Riverview Financial Company, Riverview Lender, and its subsidiaries (collectively, “Riverview“) that may possibly be thought of “ahead-on the lookout statements” as described in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. This sort of forward-on the lookout statements might be recognized by the use of this sort of terms as “imagine,” “expect,” “anticipate,” “ought to,” “prepared,” “believed,” “intend” and “potential.” For these statements, Riverview statements the security of the statutory safe harbors for ahead-searching statements.

Riverview cautions you that a selection of essential aspects could trigger genuine results to differ materially from those currently expected in any forward-hunting statement. These kinds of aspects include things like, but are not restricted to: the impact of the COVID-19 outbreak, prevailing economic and political situations, significantly in our market spot credit rating possibility related with our lending things to do adjustments in curiosity prices, bank loan demand, true estate values and levels of competition changes in accounting rules, guidelines, and guidelines changes in any applicable law, rule, regulation or practice with regard to tax or lawful issues and other economic, competitive, governmental, regulatory and technological elements influencing Riverview’s operations, pricing, items and solutions and other things that could be described in Riverview’s periodic reviews as filed with the Securities and Trade Commission from time to time. Audience are cautioned towards positioning undue reliance on any such ahead-looking statements. The Firm’s previous success are not necessarily indicative of potential efficiency.&#13

 

Cision Watch initial articles to down load multimedia:https://www.prnewswire.com/information-releases/riverview-monetary-company-announces-completion-of-department-consolidations-301219211.html

Supply Riverview Monetary Corporation

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