M&A Deal Summary

Mid Penn Bank Acquires Riverview Financial

On June 30, 2021, Mid Penn Bank acquired financial services company Riverview Financial for 125M USD

Acquisition Highlights
  • This is Mid Penn Bank’s 3rd transaction in the Financial Services sector.
  • This is Mid Penn Bank’s largest (disclosed) transaction.
  • This is Mid Penn Bank’s 3rd transaction in the United States.
  • This is Mid Penn Bank’s 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2021-06-30
Target Riverview Financial
Sector Financial Services
Buyer(s) Mid Penn Bank
Deal Type Add-on Acquisition
Deal Value 125M USD
Advisor(s) Janney Montgomery Scott LLC (Financial)
Luse Gorman (Legal)

Target

Riverview Financial

Harrisburg, Pennsylvania, United States
website
Riverview Financial is a financial holding company for Riverview Bank and provides commercial banking products and services to individuals, businesses, and municipalities. Riverview Financial is based in Harrisburg, Pennsylvania.

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Buyer(S) 1

Buyer

Mid Penn Bank

Harrisburg, Pennsylvania, United States

website


Category Company
Founded 1868
Sector Financial Services
Employees590
Revenue 169M USD (2022)
DESCRIPTION

Mid Penn Bank through its banking subsidiary, Mid Penn Bank, has been serving Central Pennsylvania since 1868. Headquartered in Millersburg, Pa., Mid Penn Bank has 21 retail locations in Cumberland, Dauphin, Lancaster, Luzerne, Northumberland and Schuylkill Counties. The bank offers a diverse portfolio of products and services to meet the personal and business banking needs of the community. Mid Penn Bank was founded in 1868 and is based in Harrisburg, Pennsylvania.


DEAL STATS #
Overall 3 of 4
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 3 of 3
Country (United States) 3 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-29 The Scottdale Bank & Trust

Scottdale, Pennsylvania, United States

The Scottdale Bank & Trust Company has total assets of approximately $263 million. Headquartered in Scottdale, Pa., the bank has been serving the community since 1901. Scottdale provides personal banking, business banking and trust services through its five locations in Westmoreland and Fayette counties.

Buy $59M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 Brunswick Bank & Trust

New Brunswick, New Jersey, United States

Brunswick Bank & Trust is a chartered commercial bank that serves central New Jersey through its main office and four additional branch offices. Brunswick Bank & Trust is headquartered in New Brunswick, New Jersey.

Buy $54M