Three Berks County Mid Penn and Riverview Financial bank branches were closed recently — part of a previously announced closure due to Mid Penn’s acquisition of Riverview Financial.
One former Mid Penn branch at 4541 Perkiomen Avenue, Exeter Township, was closed, along with two former Riverview Bank branches at 2800 State Hill Road, Spring Township, and 4930 North Fifth St. Highway, Muhlenberg Township. The branches were among 16 the company closed across its Pennsylvania footprint in March.
The Exeter branch had been a former First Priority Bank location and became Mid Penn Bank when First Priority was acquired in 2018.
The Millersburg-based Mid Penn finalized its acquisition of Harrisburg-based Riverview on Nov. 30. In December, the company announced plans to close 17 of its 59 branches. However, the company said no additional closures are anticipated beyond the 16 just completed.
In an emailed response to questions, Mid Penn said its decision was driven primarily by the Riverview merger and the resulting overlap in communities where both banks operated. In addition, the company said it has seen customers adapt and rely more on digital delivery options and less on traditional brick-and-mortar locations, as the company has invested in technologies that address changing customer preferences.
Some of the consolidation occurred by merging a former Mid Penn location into a former Riverview location, the company said. It now has 42 Mid Penn Bank Financial centers in 16 counties in Pennsylvania, including three branches in Berks, one in Montgomery and one in Chester counties.
All locations that were part of the acquisition are operating as Mid Penn Bank, and rebranding and re-signing are underway.
When Mid Penn Bancorp acquired First Priority Bank in July 2018, branch and office locations continued to carry the First Priority name before being rebranded in 2021 as First Priority Bank, a Division of Mid Penn Bank.