SOURCE: Riverview Financial Corporation

June 10, 2016 09:27 ET

Riverview Bank Announces Acquisition for Wealth Management Division

HARRISBURG, PA--(Marketwired - Jun 10, 2016) - Riverview Bank, the subsidiary of Riverview Financial Corporation (OTCQX: RIVE), announces the acquisition of the independent financial advisory Palmyra, Pennsylvania firm Your Vision Financial Services, which will continue to operate from its current Palmyra office location under the name Riverview Wealth Management, and the addition of Jeffrey Krall, a long term, experienced financial advisor, to their team of professional financial advisors. Jeff will continue to operate from his current Palmyra location, ensuring a smooth transition for his existing clients as they continue to work directly with Jeff on a long term basis.

Your Vision Financial Services has successfully served the Palmyra and surrounding markets, developing investment and insurance solutions with the client's vision as a guide. According to Brett D. Fulk, Riverview Financial Corporation President, "The vision, work ethic, and professional financial guidance provided by Jeff Krall for his clients will not change as a result of this new partnership with Riverview Wealth Management. We look forward to supporting Jeff as he continues to operate as he has as an independent advisor, providing him with additional products and services for the benefit of his clients, should new needs arise as their financial situations change over time".

With extensive experience in wealth management, Jeff Krall owned and operated Your Vision Financial Services, and was previously an investment advisor at other Central Pennsylvania financial institutions, which he indicates were quite different than the Riverview opportunity. "Riverview Wealth Management has a different, highly unique model when compared to my past experiences with financial institutions", stated Krall, "While offering financial advisory services to their clients, Riverview favors an independent model of operation for their financial advisors, which is why I will continue to operate from my current location. However, Riverview does offer additional support in terms of administrative personnel, capital and expansion opportunities that are largely unavailable to many independent firms on their own." Krall concluded, "In many ways, this relationship provides the `best of both worlds` for an independent advisor looking for long term stability and support for their clients." 

Krall said he expects client transition to be seamless. "Riverview's style of service will be a good fit for my existing clientele and I am excited to be in a position to service additional retail investment clients from Riverview's branch network in the near future," he said.

Brett Fulk also noted, "Jeff's local presence, knowledge of his market, and commitment to delivering high quality, personalized service is an excellent fit for Riverview's 'Hometown' style of banking, a style that continues to grow in appeal given the ongoing disruption of service providers in our markets". 

Jeff Krall is a lifelong resident of Lebanon County and currently resides in Annville, Pennsylvania with his wife and four children. 

Riverview Financial Corporation trades on the OTCQX market under the ticker symbol RIVE. Riverview has consolidated assets of $536.9 million, and is the bank holding company for its wholly owned subsidiary, Riverview Bank, which serves the communities of Somerset, Dauphin, Schuylkill, Berks, Perry, and Northumberland Counties. 

Securities are offered through LPL Financial, member FINRA/SIPC. Insurance products are offered through LPL Financial or its licensed affiliates. Riverview Bank is not a registered broker/dealer and is not affiliated with LPL Financial. The investment products sold through LPL Financial are not insured Riverview Bank deposits and are not FDIC insured. These products are not obligations of the Riverview Bank and are not endorsed, recommended or guaranteed by Riverview Bank or any government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed and loss of principal is possible. 

Riverview Financial Corporation (the "Corporation"), may from time to time make written or oral "forward-looking statements," including statements contained in the Corporation's filings with the Securities and Exchange Commission including this press release and in its reports to stockholders and in other communications by the Corporation, which are made in good faith by the Corporation pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended.

These forward-looking statements include statements with respect to the Corporation's beliefs, plans, objectives, goals, expectations, anticipations, estimates and intentions, that are subject to significant risks and uncertainties, and are subject to change based on various factors (some of which are beyond the Corporation's control). The words "may," "could," "should," "would," "will," "believe," "anticipate," "estimate," "expect," "intend," "plan" and similar expressions are intended to identify forward-looking statements. The following factors, among others, could cause the Corporation's financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements: the strength of the United States economy in general and the strength of the local economies in which the Corporation conducts operations; the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Board of Governors of the Federal Reserve System; the recent downgrade, and any future downgrades, in the credit rating of the U.S. Government and federal agencies; inflation, interest rate, market and monetary fluctuations; the timely development of and acceptance of new products and services of the Corporation and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors' products and services; the willingness of users to substitute competitors' products and services for the Corporation's products and services; the success of the Corporation in gaining regulatory approval of its products and services, when required; the impact of changes in laws and regulations applicable to financial institutions (including laws concerning taxes, banking, securities and insurance); technological changes; acquisitions; changes in consumer spending and saving habits; the nature, extent, and timing of governmental actions and reforms.

The Corporation cautions that the foregoing list of important factors is not exclusive. Readers are also cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date of this press release, even if subsequently made available by the Corporation on its website or otherwise. The Corporation does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Corporation to reflect events or circumstances occurring after the date of this press release.

For a complete discussion of the assumptions, risks and uncertainties related to our business, you are encouraged to review our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K, as supplemented by our quarterly or other reports subsequently filed with the SEC.