Item 8.01 Other Events

On January 14, 2021, Riverview Bank (the "Bank"), the wholly-owned subsidiary of Riverview Financial Corporation, and AmeriServ Financial Bank, the wholly-owned subsidiary of AmeriServ Financial, Inc., executed a Branch Purchase and Assumption Agreement (the "Agreement"), whereby AmeriServ will acquire the branch and deposit customers of Citizens Neighborhood Bank ("CNB"), an operating division of the Bank, located in Meyersdale, Pennsylvania, as well as the deposit customers of CNB's leased branch office in the Borough of Somerset, Pennsylvania. As of the date of the Agreement, the related deposits totaled approximately $48 million and will be acquired for a 3.71% deposit premium. The transaction is expected to close in the second quarter of 2021, subject to regulatory approval and other customary closing conditions.

On January 15, 2021, the parties issued a joint press release announcing the execution of the Agreement, a copy of which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.




Item 9.01 Financial Statements and Exhibits.
(a)  Financial Statements of Businesses Acquired.
None.
(b)  Pro Forma Financial Information.
None.
(c)  Shell Company Transactions.
None.
(d)  Exhibits.

Exhibit Number Description

99.1 Joint Press Release dated January 15, 2021

104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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