River Valley Bancorp (NASDAQ: RIVR), an Indiana corporation (the “Corporation”) and holding company for River Valley Financial Bank, based in Madison, Indiana announced today that it has declared a cash dividend of $0.21 per share of its Common Stock for the quarter ending March 2010. The annualized rate of the dividend reflects $0.84 per share.
The dividend record date will be as of March 26, 2010 and will be payable on April 9, 2010. This dividend represents the fifty-first consecutive dividend paid by the Corporation.
River Valley Bancorp/River Valley Financial Bank is based in Madison, Indiana and has eight locations in the Madison, Hanover, Charlestown, Sellersburg, and Floyds Knobs, Indiana area. A ninth office is located in Carrollton, KY. The Corporation recently announced the acquisition, subject to regulatory approval, of a tenth location in New Albany, Indiana expected to close sometime in the third quarter of 2010.