Shareholders of Mid Penn Bancorp, Inc. and Riverview Financial Corporation approve merger

MILLERSBURG, Pa. And HARRISBURG, Pa., November 18, 2021 (GLOBE NEWSWIRE) – Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ: MPB) and Riverview Financial Corporation (“Riverview”) (NASDAQ: RIVE) announced today that the shareholders of Mid Penn and Riverview overwhelmingly approved the proposed acquisition of Riverview by Mid Penn at the special meetings of their respective shareholders held on November 18, 2021.

“The level of support for this transaction has been enormous,” said Rory G. Ritrievi, President and CEO of Mid Penn Bancorp, Inc. “Of the total number of votes received, over 98% of Riverview shares voted in favor of the merger and over 98% of Mid Penn shares also voted in favor of the merger. “

The merger will expand Mid Penn’s presence in attractive new markets, including the Lehigh Valley and State College area, and expand its presence in western Pennsylvania. Mid Penn, on a pro forma basis after the merger is completed, is expected to have $ 4.7 billion in assets. The acquisition is subject to various conditions until closing and is expected to close on November 30, 2021.

About Mid Penn Bancorp, Inc.

Mid Penn Bancorp Inc. (NASDAQ: MPB), headquartered in Millersburg, PA, has served the community since 1868. Mid Penn has 36 outlets in the state of Pennsylvania and total assets of over $ 3 billion. Its footprint includes the counties of Berks, Bucks, Chester, Cumberland, Dauphin, Fayette, Lancaster, Luzerne, Montgomery, Northumberland, Schuylkill and Westmoreland. The bank offers a comprehensive portfolio of products and services to meet the banking needs of the communities it serves. To learn more about Mid Penn Bank, visit

About Riverview Financial Corporation

Riverview Financial Corporation is the parent company of Riverview Bank. An independent community bank, Riverview Bank serves the Pennsylvania market areas of Berks, Blair, Bucks, Center, Clearfield, Cumberland, Dauphin, Huntingdon, Lebanon, Lehigh, Lycoming, Perry and Schuylkill counties through 23 community bank offices and three offices for limited use. Each office, interdependent with the community, offers a full range of financial products and services to individuals, businesses, nonprofits and government entities.

Safe Harbor for forward-looking statements

This document may contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Actual results and trends could differ materially from those stated in these statements due to various risks, uncertainties and other factors. These risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, without limitation, the following: the continued effectiveness of regulatory approvals and the satisfaction of other closing conditions. fusion ; when the merger closes; difficulties and delays in integrating the business or achieving full cost savings and other benefits; the ineffectiveness of the company’s business strategy due to changes in current or future market conditions; the effects of competition and changes in laws and regulations, including industry consolidation and the development of competitive financial products and services; interest rate movements; changes in credit quality; the inability to realize other synergies associated with the merger; difficulties in integrating separate business operations, including difficulties related to information technology; volatility in securities markets; and deteriorating economic conditions, and other risks and uncertainties, including those detailed in filings by Mid Penn Bancorp, Inc. and Riverview Financial Corporation with the Securities and Exchange Commission (SEC).

CONTACT: Contact: Mid Penn Bancorp, Inc. Matt Miller [email protected] 484-527-4025 Riverview Financial Corporation Scott A. Seasock [email protected] 717-827-4039

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