River Valley Bancorp (NASDAQ: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 declared a cash dividend of $0.21 per share of its Common Stock for the quarter ending June 2010. The annualized rate of the dividend reflects $0.84 per share.
The dividend record date will be as of July 2, 2010 and will be payable on July 16, 2010. This dividend represents the fifty-second consecutive dividend paid by the Corporation.
River Valley Bancorp/River Valley Financial Bank is based in Madison, Indiana and has eight bank locations in the Madison, Hanover, Charlestown, Sellersburg, and Floyds Knobs, Indiana area. A ninth office is located in Carrollton, KY. The Bank recently received regulatory approval for the acquisition of a tenth office, located at 2675 Charlestown Road, New Albany, Indiana expected to open as a River Valley branch on June 21, 2010.