Oct. 27, 2015, 10:24 AM
- River Valley Bancorp (RIVR +44.8%) will be merged into German American Bancorp (GABC -5.3%), with RIVR owners to receive 0.770 shares of German American plus $9.90 in cash for each share of RIVR they own.
- Based on the 20-day volume-weighted average of GABC, the transaction values River Bancorp shares at $33 each vs. last night's close of $22.38.
River Valley Bancorp through River Valley Financial has concentrated its lending activities on the origination of loans secured by first mortgage liens for the purchase, construction, or refinancing of one- to four-family residential real property.
Industry: Savings & Loans
Country: United States
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