Attached files
| file | filename |
|---|---|
| 8-K - RIVER VALLEY BANCORP | rvb_8k1119.htm |
| EX-4.1 - FORM OF CERTIFICATE FOR SERIES A PREFERRED STOCK - RIVER VALLEY BANCORP | rvb_8k1119ex41.htm |
| EX-10.1 - FORM OF INVESTMENT AGREEMENT - RIVER VALLEY BANCORP | rvb_8k1119ex101.htm |
| EX-3.1 - CERTIFICATE OF DESIGNATIONS FOR SERIES A PREFERRED STOCK - RIVER VALLEY BANCORP | rvb_8k1119ex31.htm |
Exhibit
99.1
For
Immediate Release
Thursday,
November 19, 2009
RIVER
VALLEY BANCORP ANNOUNCES CAPITAL RAISE
Madison,
Indiana – (November 19, 2009) River Valley Bancorp (NASDAQ Capital Market,
Symbol “RIVR”), an Indiana corporation (the “Corporation”) and holding
company for River Valley Financial Bank (the “Bank”) based in Madison,
Indiana, announced today that it has closed the sale of 5,000 shares of a new
series of Fixed Rate Cumulative Perpetual Preferred Stock, Series A (“Series A Preferred Stock”),
for an aggregate subscription price of $5,000,000. The shares were offered to a
select group of investors in a private placement exempt from registration under
Section 4(2) and Rule 506 of the Securities Act of 1933 (the “Act”). Fifty percent of the
net proceeds of the offering will be contributed to the Bank by the
Corporation.
The
Series A Preferred Stock is perpetual and non-voting, has a liquidation
preference of $1,000, and pays dividends of 7.25% for the first five years and
9% thereafter, payable quarterly. It is redeemable after the first five years
for 100% of its liquidation preference plus declared and unpaid
dividends.
The
Corporation’s President and Chief Executive Officer, Matthew P. Forrester,
stated “We feel that this capital raise is a vote of confidence by investors in
our plan to grow deposits and loans, while maintaining a strong balance
sheet.”
This
press release does not constitute an offer to sell, or the solicitation of an
offer to buy, any securities and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering would be unlawful. The
securities offered will not be or have not been registered under the Act and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
Forward
Looking Statements
This
press release may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
include expressions such as “expects,” “intends,” “believes,” and “should,”
which are necessarily statements of belief as to the expected outcomes of future
events. Actual results could materially differ from those presented. The
Corporation's ability to predict future results involves a number of risks and
uncertainties, some of which have been set forth in the Corporation’s most
recent annual report on Form 10-K filed with the Securities and Exchange
Commission. The Corporation undertakes no obligation to release revisions to
these forward-looking statements or reflect events or circumstances after the
date of this release.
River
Valley Bancorp and River Valley Financial Bank operate from headquarters in
Madison, Indiana. River Valley Bank has eight locations in Madison, Hanover,
Charleston, Sellersburg and Floyds Knob, Indiana. Another office is located in
Carrollton, Kentucky.
|
Contact:
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Matthew
P. Forrester - President, CEO
River
Valley Bancorp
812-273-4949
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