Item 8.01 Other Events
On May 21, 2021, Riverview Bank, the wholly-owned subsidiary of Riverview
Financial Corporation, completed its previously announced branch sale to
AmeriServ Financial Bank, whereby AmeriServ Financial Bank acquired the branch
office and deposit customers of Citizens Neighborhood Bank ("CNB"), an operating
division of Riverview Bank, located in Meyersdale, Pennsylvania, as well as the
deposit customers of CNB's leased branch office in the Borough of Somerset,
Pennsylvania. The transferred deposits totaled approximately $43.7 million and
were acquired for a 3.71% deposit premium.
On May 24, 2021, the parties issued a joint press release announcing the
completion of the transaction, 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 May 24, 2021
104.1 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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