Oct. 27, 2015, 12:42 PM
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.
Jul. 1, 2014, 9:35 AM
- River Valley Bancorp (RIVR -5.2%) prices its 825K share secondary at $20.50 per share for gross proceeds of approximately $16.9M. Underwriters retain an option to buy another 123.75K shares at the same price.
- The Company plans to use proceeds to redeem all 5K of its issued Series A, Fixed Rate Cumulative Perpetual Preferred Stock, general corporate purposes, support future growth including organic growth, and opportunistic acquisitions.
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