Riverview Financial Corp. (“Riverview Financial”) (NASDAQ: RIVE) has announced that John G. Soult Jr. was named chairman of the board of directors of Riverview Financial and Riverview Bank effective November 2018. Soult, who joined the board of CBT Financial Corp. in 2007, has been a member of the Riverview Financial Board since 2017. Mr. Soult assumed the position from immediate past chairman William E. Wood, a transition which was identified as part of the 2017 agreement and plan of merger between Riverview Financial Corp. and CBT Financial Corp. Wood will remain on the board through the remainder of his term.
Soult is vice president of Soult Wholesale Co., a wholesale building materials company based in Clearfield. He earned a bachelor of arts degree in economics from Dickenson College and a master of science degree in business from Johns Hopkins University.
“We have confidence in Mr. Soult’s ability to lead our board of directors,” stated Brett Fulk, president and CEO of Riverview Financial Corp. and Riverview Bank. “Mr. Soult possesses a wealth of knowledge about the communities served by our franchise and is an experienced board member, serving on the board and various board committees of CBT Financial Corp. since 2007.” Mr. Fulk went on to say that “John is keenly focused on building long-term value for our shareholders, customers and communities alike.”
“I am honored to step into the role of chairman,” Soult stated, “I am committed to the success of this company and look forward to working alongside our directors and executive team to help facilitate our strategic goals and provide the board governance oversight necessary in today’s challenging financial services environment.”
Riverview Financial Corp. is the parent company of Riverview Bank and its operating divisions Citizens Neighborhood Bank and CBT Bank. Riverview Bank operates 30 community banking offices throughout Berks, Blair, Centre, Clearfield, Dauphin, Huntingdon, Lebanon, Lycoming, Northumberland, Perry, Schuylkill and Somerset counties.