Riverview Financial in Harrisburg, Pa., has completed an acquisition that it
The $452 million-asset Riverview said in a press release Tuesday that it finally bought Citizens National Bank of Meyersdale for cash and stock.
"This acquisition creates a presence for Riverview in Somerset County, creating an exciting opportunity to provide our wide range of banking and wealth management services in the Citizens' geographic footprint," Kirk Fox, Riverview's chief executive, said in the release.
Riverview, which obtained state regulatory approval for the acquisition last February, delayed the deal after incurring unrelated business expenses that included prepayment expenses tied to erasing $5 million in Federal Home Loan bank debt and costs associated with a branch closure.
