Item 2.06. Material Impairment.
On September 11, 2008, the registrant announced, in a press release, an
expected significant write-down of investments in Federal National Mortgage
Association and Federal Home Loan Mortgage Corporation preferred stock in the
third quarter of 2008 as a result of the appointment of the Federal Housing
Finance Agency as conservator over both of the entities. The registrant, and its
sole subsidiary River Bank, also disclosed that it would maintain its
well-capitalized regulatory capital ratios as of September 30, 2008. A copy of
the press release issued by the registrant is herewith attached as Exhibit 99.1
and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits
Exhibits.
99.1 Press Release dated September 11, 2008.
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