Tag: Pa. Department of Banking and Securities

Millersburg-based Mid Penn Bank closed 16 of its five dozen or so branches this month, according to a March 15 filing with the Pennsylvania Department of Banking and Securities. 

 Three are in the Lehigh Valley. 

In December, Mid Penn Bancorp Inc., the bank’s parent company, had announced in a filing with the Securities and Exchange Commission that some branches would be shuttered as part of a “retail network optimization plan” following its acquisition of Riverview Financial Corp. 

The following Lehigh Valley branches closed: 

• Lehigh County – 1120 S. Cedar Crest Blvd., Allentown. 
• Berks County – 2800 Slate Hill Road, Wyomissing; and 4930 N. Fifth St. Highway, Temple. 

The other 13 locations closed by Mid Penn are in Lancaster, Dauphin, Perry, Northumberland, Schuylkill, Westmoreland, Lycoming, Clearfield, Centre, Huntingdon counties. 

Riverview’s banking subsidiary, Riverview Bank, was merged with Mid Penn Bank in the all-stock, $124.7 million transaction, expanding Mid Penn’s footprint in Pennsylvania.  

Rory G. Ritrievi, Mid Penn president and CEO, said at the time, “As we introduce the Mid Penn brand of community banking throughout the Riverview footprint, we are committed to making this combination a positive one for all involved.”