June 13, 2019 — GNB Financial Services, Inc., the parent company of The Gratz Bank, and Riverview Financial Corporation, the parent company of Riverview Bank, have announced an agreement whereby The Gratz Bank will acquire a branch of Riverview Bank.
The Gratz Bank will buy the Trevorton, Pennsylvania branch and its deposits of Riverview Bank located at 450 West Shamokin Street. Terms of the agreement were not disclosed, and the transaction is expected to close late in the fourth quarter of 2019.
The team at Janney’s Financial Institutions Group (FIG) included David Danielson, Managing Director, and John Putman, Managing Director.
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