Did Microsoft buy Intuit?

Written by Editorial Team | Last Updated: August 2026

Yes, Mid Penn Bank successfully completed its acquisition of Riverview Bank on November 30, 2021. The transaction was structured as a merger where Riverview was merged into Mid Penn, and Riverview Bank, which was a wholly owned subsidiary of Riverview, was merged into Mid Penn Bank. The total fair value of the consideration paid to Riverview’s shareholders was approximately $143 million. This strategic merger integrated Riverview’s assets, liabilities, and operations into the consolidated financial statements of Mid Penn, allowing the combined organization to expand its service footprint and leverage a larger resource base across its target regions.

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Intuit Inc. (INTU) operates as a leading financial technology software titan powering essential small business and consumer financial tools through flagship products like TurboTax, QuickBooks, Credit Karma, and Mailchimp.

The corporate name INTU can refer to distinct enterprises, most notably historical references to Intu Properties, which was a major British real estate investment trust that owned, managed, and developed massive shopping centers and retail malls acro...

Intuit Inc. is a prominent American multinational business software enterprise specializing in financial, accounting, and tax preparation applications such as TurboTax and QuickBooks, headquartered in Mountain View, California, the United States.

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