“Riverview’s turnaround plan is on schedule,” said Pat Sheaffer, Riverview chairman and CEO, in a press release. “We were profitable for the second consecutive quarter and have improved the overall health of the company. Credit quality improved for the third consecutive quarter as we continue to focus on resolving problem credits and our capital ratios improved as we continued to manage our balance sheet growth. Now that profitability looks sustainable and our capital position is strengthened, we can turn our focus on responsible organic growth that supports lending in the communities we serve.”
