Williamsburg Bank's Closure Will Have 'Serious Repercussions' for Community

It looks like Williamsburg is losing another institution. In a letter sent to customers dated Dec. 3. 2021, Mid Penn Bank, a Millersburg, Pa., based bankcorp that now controls Riverview Bank’s assets, announced the closing of the Williamsburg branch effective March 4, 2021 [sic]. In June when Mid Penn Bank announced the merger, Mid Penn said the acquisition of Riverview was a chance for their corporation to get a foothold in the State College area market. The press release touted the merger as creating a “premier Pennsylvania community bank with approximately $4.8 billion in assets.”...