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Stock impact report

The Gratz Bank to Acquire the Trevorton Branch of Riverview Bank

Riverview Financial Corporation (RIVE) 
Company Research Source: Business Wire
GRATZ, Pa.--(BUSINESS WIRE)-- GNB Financial Services, Inc., the parent company of The Gratz Bank, and Riverview Financial Corporation, the parent company of Riverview Bank, jointly announced today the execution of a definitive agreement whereby The Gratz Bank will acquire the Trevorton Branch and its deposits and customers of Riverview Bank located at 450 West Shamokin Street, Trevorton, PA. The transaction is subject to regulatory approvals and other customary closing conditions. Currently, the transaction is expected to close late in the fourth quarter of 2019. Riverview Bank’s Trevorton Branch customers will be receiving additional information related to the sale in the near future. Terms of the transaction were not announced. Upon completion of the transaction, The Gratz Bank will operate six branch locations and a loan production office. Bybel Rutledge LLP is serving as legal counsel to GNB Financial Show less Read more
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