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Back to Home » January 2017 News » Riverview Financial Corporation Announces Closing of $17.0 Million Private Placement of Common Stock and Preferred Stock |
Riverview Financial Corporation Announces Closing of $17.0 Million Private Placement of Common Stock and Preferred Stock |
January 21, 2017
HARRISBURG, PA--(Marketwired - Jan 20, 2017) - Riverview Financial Corporation (OTCQX: RIVE) announced today that it completed the sale of approximately $17.0 million in common and preferred equity, before expenses, to accredited investors and qualified institutional buyers through the private placement of 269,885 shares of its no par value common stock at a price of $10.50 per share and 1,348,809 shares of a newly created series of convertible, perpetual preferred stock at a price of $10.50 per share. Riverview plans to use the additional capital for general corporate purposes, including making loans and strategic acquisitions of bank or wealth management partners if opportunities are present.
Source URL: http://www.marketwired.com/mw/release.do?id=2189943&sourceType=3
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