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8-K - 8-K - Riverview Financial Corp | a13-19105_18k.htm |
EXHIBIT 99.1
CONTACT: |
Robert M. Garst, Chief Executive Officer |
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717-957-2196 |
RIVERVIEW FINANCIAL CORPORATION ANNOUNCES
ITS THIRD QUARTER CASH DIVIDEND
HALIFAX, PA, August 21, 2013 Riverview Financial Corporation (OTCQB: RIVE) announced that on August 21, 2013 its Board of Directors declared the payment of a regular cash dividend of $0.08 per share plus a special cash dividend of $0.045 per share for a total third quarter 2013 cash dividend of $0.125 per share. In comparing the cash dividend to be paid in the third quarter of 2013 with that of the third quarter of 2012, the dollar amount of the dividend is the same. The dividend is payable on September 30, 2013 to all shareholders of record as of September 6, 2013.
Robert M. Garst, Chief Executive Officer stated, In accord with our commitment to provide long-term shareholder value, we are very pleased to announce the payment of our third quarter cash dividend. Shareholders may also take advantage of the benefits offered through our dividend reinvestment plan, considering that cash dividends may be reinvested through the plan into Riverview common stock at a 5% discount. Shareholders may enroll in the plan by contacting our transfer agent, Registrar and Transfer Company at 800-368-5948.
Riverview Financial Corporation, with consolidated assets of $314.8 million, is the bank holding company for its wholly owned subsidiary, Riverview Bank, which serves the communities of Perry, Dauphin, Cumberland, Schuylkill and Berks Counties through three full service branches of Marysville Bank, four full service branch facilities and one drive-up office of Halifax Bank, three branch offices respectively located at 57 S. Sillyman Road in Cressona, Pennsylvania, 121 Progress Avenue, Pottsville, Pennsylvania, 1021 Centre Turnpike, Orwigsburg, Pennsylvania, a commercial office located at 2650 Westview Drive, Suite E, Wyomissing, Berks County, Pennsylvania, and a wealth management company located at 340 South Liberty Street, Orwigsburg, Schuylkill County, Pennsylvania.
This press release 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 set forth in such statements due to various factors. Such factors include the possibility that anticipated cost savings may not be realized, estimated synergies may not occur, increased demand or prices for the corporations financial services and products may not occur, changing economic and competitive conditions, technological developments and other risks and uncertainties. Such risks, uncertainties and other factors that could cause actual results and experience to differ from those projected include, but are not limited to, the following: ineffectiveness of their business strategy due to changes in current or future market conditions; the effects of competition, and of changes in laws and regulations on competition, including industry consolidation and development of competing financial products and services; interest rate movements; inability to achieve merger-related synergies; difficulties in integrating distinct business operations, including information technology difficulties; disruption from the transaction making it more difficult to maintain relationships with customers and employees, and challenges in establishing and maintaining operations in new markets; volatilities in the securities markets; and deteriorating economic conditions.