Riverview Bank And Its Operating Divisions, CBT Bank And Citizens Neighborhood Bank, Provides Relief Support To Customers In Communities Impacted By COVID-19
Riverview Bank And Its Operating Divisions, CBT Bank And Citizens Neighborhood Bank, Provides Relief Support To Customers In Communities Impacted By COVID-19 |
[31-March-2020] |
HARRISBURG, Pa., March 31, 2020 /PRNewswire/ -- Riverview Financial Corporation (Nasdaq: RIVE), parent company of Riverview Bank and its operating divisions, CBT Bank and Citizens Neighborhood Bank (Collectively referred to as "Riverview Bank"), provides guidance as COVID-19 continues to evolve. Riverview Bank is committed to taking actions deemed necessary to help ensure that our customers, employees, and community neighbors remain safe and well positioned to bounce back as quickly as possible following the present Pandemic crisis. Riverview Bank has launched several initiatives and precautionary measures intended to mitigate the impact of the COVID-19 virus pandemic which are detailed in this press release. We are providing relief in all aspects of our business to support our customers and neighbors impacted by the pandemic throughout the communities we serve, while remaining flexible in our ongoing efforts to balance customer service needs with operational changes required as we react to environmental changes and governmental mandates. "In community banking, local people and local businesses are why we are in business ourselves. Our employees, our customers, and the communities we serve are the reasons for our very being. In this time of uncertainty, with the COVID-19 pandemic, we want you to know that your safety and well-being are paramount in every decision we make. Our team is working diligently to provide the products and services necessary to create peace of mind for all we serve, while adjusting our operating environment to take necessary precautions, keeping our customers and employees as safe as possible", said Brett D. Fulk, President & CEO. Fulk continued "Our plan, and number one priority, is to be here for you throughout this current crisis and beyond." FINANCIAL HARDSHIP RELIEF EFFORTS: We are Here for Our Customers and the Community!
1 Borrower must recently be unemployed due to the COVID- 19 pandemic. Borrower must be able to furnish last pay stub or other acceptable proof of income. Subject to credit approval. Standard underwriting criteria apply. Credit score based on lowest score of all applicants. Automatic Payment Deduction from a Riverview Bank, CBT or Citizens Neighborhood Bank checking or savings account is required. 0.00% APR (Annual Percentage Rate) for the first six (6) months of the loan, thereafter the loan will accrue at a 2.99% APR for 18 months of the term. 24-month term loan. No Payments for the first six (6) months of the loan. Thereafter, payments of principal and interest will start at month seven (7) and will continue 18 months for the life of the loan. Other terms and conditions may apply. If maximum loan amount of $5,000.00 is borrowed and repaid making the required loan payments only, the monthly payment will be 18 equal payments of $284.40 to satisfy the loan. Please contact the bank for full details.
2 Riverview Bank and its operating divisions' customers, as well as customers of other banks, may still incur fees imposed by the foreign ATM's Financial Institution or their own bank, respectively.
3 CD (Certificate of Deposit) early withdrawal waiver is offered to all existing CD accounts up to $5,000.00, thereafter a customer may withdrawal up to 20% of the remaining balance over the $5,000.00 penalty-free. Early withdrawals in excess of the initial $5,000.00 and additional 20% waiver will be subject to the normal early withdrawal penalty fees imposed on this account. Fees may reduce earnings. No additional deposits are permitted to the CD. IRA CD early withdrawal may incur IRS penalty. See our IRA agreement for additional details. Consult your tax advisor. Please contact the bank for full terms and conditions.
Relief Support Request, Contact Us Today: If you would like to apply for the COVID-19 Relief Loan or would like to request any of the outlined relief assistance above, please call your local Community Office, your dedicated Relationship Manager, or our Customer Service Department at (888) 765-7551. Business Loan Customer Relief:
CARES Act Relief Programs: Our dedicated CARES Act Relief team is available for the community, providing education and expertise on all resources offered by government agencies through the SBA, CARES Act Relief Programs, and other government agency programs, such as:
A real-time list and full details of financing resources offered throughout the Commonwealth, including how to apply, by the agencies above can be accessed through the DCED website at https://dced.pa.gov/funding-programs Our experienced CARES Act Relief Team is available to assist you today. Please contact them directly through our dedicated relief support email and or the toll-free number listed below:
Residential Mortgage and Consumer Loan Customer Relief:
WE ARE HERE FOR OUR COMMUNITIES: We are in this together. In support of the continued mission of delivering fresh and healthy food options to pantries throughout 27 counties of Central PA in a time where schools are not in session and supplies are at a minimum due to COVID-19 Riverview Bank committed a $15,000 contribution to the Fresh Express efforts of The Central Pennsylvania Food Bank. WE ARE HERE FOR OUR EMPLOYEES: The Heart of our Company.
PREVENTION AT THE FOREFRONT: Changes to Our Branch Hours & Banking Services.
RIVERVIEW BANK'S FINANCIAL STRENGTH: We Remain Strong and Well Capitalized. Riverview Bank's stance on the pandemic relief: As we continue to be tested with the unknown, one thing remains certain: we are in business for the communities we serve. If our communities are thriving, we thrive, if our communities are facing challenges, we are right there alongside them. Riverview Bank and its operating divisions will make every effort necessary to provide the needed relief to our community neighbors, and we will continue to do as we have always done; remain relevant within the environment we face, identifying all possible opportunities, and delivering solutions with a heightened level of urgency. Rest assured, your money remains safe while held within our bank. If you have questions regarding FDIC deposit insurance, please call your local community office or visit the FDIC website. Mr. Fulk continued, "We remain strong and well capitalized. Despite these unprecedented and uncertain times, our management team and board of directors continue to be dedicated to our customers, communities, employees and our company's well-being. Our focus is to sustain a strong, adaptable business model that provides the resources needed to ensure we can effectively respond to the relief needs of our customers and employees with confidence, while continuing to remain a safe and sound company." Our Plan: To Be Here for You. Together we will face COVID-19 with strength and confidence. Riverview Financial Corporation is the parent company of Riverview Bank. An independent community bank, Riverview Bank serves the Pennsylvania market areas of Berks, Blair, Bucks, Centre, Clearfield, Cumberland, Dauphin, Huntingdon, Lebanon, Lehigh, Lycoming, Perry, Schuylkill and Somerset Counties through 27 community banking offices and three limited purpose offices. Each office, interdependent with the community, offers a comprehensive array of financial products and services to individuals, businesses, not-for-profit organizations and government entities. Riverview's business philosophy includes offering direct access to senior management and other officers and providing friendly, informed and courteous service, local and timely decision making, flexible and reasonable operating procedures and consistently applied credit policies. The Company's common stock trades on the NASDAQ Global Market under the symbol "RIVE". The Investor Relations site can be accessed at https://www.riverviewbankpa.com/. Certain statements contained herein are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "may", "will", "believe", "expect", "estimate", "anticipate", "continue", or similar terms or variations on those terms, or the negative of those terms. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, those related to the economic environment, particularly in the market areas in which the Company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including compliance costs and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset-liability management, the financial and securities markets and the availability of and costs associated with sources of liquidity. The Company wishes to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company wishes to advise readers that the factors listed above could affect the Company's financial performance and could cause the Company's actual results for future periods to differ materially from any opinions or statements expressed with respect to future periods in any current statements. The Company does not undertake and specifically declines any obligation to publicly release the result of any revisions that may be made to any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. View original content to download multimedia:http://www.prnewswire.com/news-releases/riverview-bank-and-its-operating-divisions-cbt-bank-and-citizens-neighborhood-bank-provides-relief-support-to-customers-in-communities-impacted-by-covid-19-301032585.html SOURCE Riverview Financial Corporation | ||||||
Company Codes: NASDAQ-NMS:RIVE |
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