Fairness Opinion
Mid Penn Bancorp, Inc.
M&A Advisory
Has Acquired
Riverview Financial Corporation
Transaction Details
- On June 30, 2021, Mid Penn Bancorp, Inc. (“Mid Penn”) (NASDAQ:MPB), headquartered in Millersburg, Pennsylvania, and Riverview Financial Corporation (“Riverview”) (NASDAQ:RIVE), headquartered in Harrisburg, Pennsylvania, jointly announced the signing of a definitive merger agreement pursuant to which Mid Penn will acquire Riverview in an all-stock transaction valued at approximately $124.7 million
- The transaction creates a combined community banking franchise with approximately $4.8 billion in assets, $3.7 billion in deposits and $3.7 billion in loans
- Following the transaction, Mid Penn will be the sixth largest Pennsylvania headquartered bank under $10 billion and will retain its standing as the top-ranked community bank by deposit market share in the Harrisburg MSA
- Shareholders of Riverview common stock will receive 0.4833 shares of Mid Penn common stock for each share of Riverview common stock they own
Sources: Mid Penn Bancorp, Inc. issued Investor Presentation, Press Release and S&P Global Market Intelligence
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(1) Based on market data as of June 30, 2021.
(2) Reflects publicly available consolidated GAAP data as of and for the quarter ended March 31, 2021 unless otherwise noted.
(3) Riverview Financial Corporation currently has 23 branches and 3 limited purpose offices.
(4) Data reflects bank level regulatory data as of March 31, 2021
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