Brief: Ameriserv Financial Inc To Acquire A Branch And Deposits Of Riverview Financial Corporation

Ameriserv Financial

15/01/2021 13:02

Jan 15 (Reuters) - Ameriserv Financial Inc  ASRV.O :
    * AMERISERV FINANCIAL, INC. TO ACQUIRE A BRANCH AND DEPOSITS
OF
RIVERVIEW FINANCIAL CORPORATION
    * AMERISERV FINANCIAL INC - TRANSACTION WILL BE IMMEDIATELY
ACCRETIVE TO AMERISERV EARNINGS
    * AMERISERV FINANCIAL INC - SEES 2% DILUTION TO ASRV'S
TANGIBLE
BOOK VALUE WILL BE EARNED BACK IN LESS THAN THREE YEARS
    * AMERISERV FINANCIAL INC - AS OF AGREEMENT DATE, RELATED
DEPOSITS
TOTAL APPROXIMATELY $48 MILLION AND WILL BE ACQUIRED FOR A 3.71%
DEPOSIT PREMIUM

Source text for Eikon:  ID:nPn7VqFTda 
Further company coverage:  ASRV.O 

 ((Reuters.Briefs@thomsonreuters.com;))