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RIVR > SEC Filings for RIVR > Form 8-K on 13-Nov-2012All Recent SEC Filings

Show all filings for RIVER VALLEY BANCORP

Form 8-K for RIVER VALLEY BANCORP


13-Nov-2012

Completion of Acquisition or Disposition of Assets, Financial Statements and


Item 2.01. Completion of Acquisition or Disposition of Assets

On November 9, 2012, River Valley Bancorp (the "Registrant") announced the closing and completion of the merger of River Valley Financial Bank ("River"), a federal savings association and wholly-owned subsidiary of Registrant (the "Merger") with and into Dupont State Bank ("Dupont"), an Indiana commercial bank and wholly-owned subsidiary of Citizens Union Bancorp of Shelbyville, Inc. ("Citizens"). The Merger was effective on November 9, 2012. The surviving entity is an Indiana commercial bank named River Valley Financial Bank, and is now wholly owned by the Registrant.

Citizens received $5,700,000 (the "Merger Consideration") in the Merger. River used its working capital to pay the Merger Consideration. It remains a well-capitalized institution following the Merger but has adopted Board resolutions requiring it to achieve and maintain a minimum Tier 1 leverage capital ratio of 8.0% and 8.5% by December 31, 2012, and January 30, 2013, respectively, and a total risk-based capital ratio of 12%. River expects to achieve and maintain those capital ratios.

A copy of the Agreement is incorporated by reference to Exhibit 2.1 to the Form 8-K filed by Registrant on December 5, 2011, to Exhibit 2.1 to the Form 8-K filed by Registrant on May 31, 2012, to Exhibit 2.1 to the Form 8-K filed by Registrant on June 29, 2012, to Exhibit 2.1 to the Form 8-K filed by Registrant on August 6, 2012 and to Exhibit 2.1 to the Form 8-K filed by Registrant on October 18, 2012.

The Merger will be accounted for as a purchase.

Pursuant to General Instruction F to Form 8-K, a press release issued by Registrant is attached hereto as Exhibit 99.1.



Item 9.01. Financial Statements and Exhibits.

(a) Financial statements of businesses acquired.

The financial statements of Dupont State Bank required by this Item will be filed in an amendment to this report no later than January 25, 2013.

(b) Pro Forma Financial Information.

The pro forma financial information required by this Item will be filed in an amendment to this report no later than January 25, 2013.

(c)      Shell company transactions.

Not applicable.

(d)      Exhibits.

       Exhibit No.   Description

           2.1       Reorganization Agreement among River Valley Bancorp, River
                     Valley Financial Bank, Citizens Union Bancorp of Shelbyville,
                     Inc. and Dupont State Bank dated December 5, 2011, is
                     incorporated by reference to Exhibit 2.1 to Registrant's Form
                     8-K filed with the SEC on December 5, 2011.

           2.2       First Amendment to Reorganization Agreement among River Valley
                     Bancorp, River Valley Financial Bank, Citizens Union Bancorp of
                     Shelbyville, Inc. and Dupont State Bank dated as of May 31,
                     2012, is incorporated by reference to Exhibit 2.1 to
                     Registrant's Form 8-K filed with the SEC on May 31, 2012.

           2.3       Second Amendment to Reorganization Agreement among River Valley
                     Bancorp, River Valley Financial Bank, Citizens Union Bancorp of
                     Shelbyville, Inc. and Dupont State Bank dated as of June 29,
                     2012, is incorporated by reference to Exhibit 2.1 to
                     Registrant's Form 8-K filed with the SEC on June 29, 2012.

           2.4       Third Amendment to Reorganization Agreement among River Valley
                     Bancorp, River Valley Financial Bank, Citizens Union Bancorp of
                     Shelbyville, Inc. and Dupont State Bank dated as of July 31,
                     2012, is incorporated by reference to Exhibit 2.1 to
                     Registrant's Form 8-K filed with the SEC on August 6, 2012.

           2.5       Fourth Amendment to Reorganization Agreement among River Valley
                     Bancorp, River Valley Financial Bank, Citizens Union Bancorp of
                     Shelbyville, Inc. and Dupont State Bank dated as of October 12,
                     2012, is incorporated by reference to Exhibit 2.1 to
                     Registrant's Form 8-K filed with the SEC on October 18, 2012.

          99.1       Press Release dated November 9, 2012.


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