River Valley Bancorp aims to sell common stock via public offering

Deal conducted by Keefe, Bruyette & Woods, funds preferreds redemption

By Devika Patel

Knoxville, Tenn., April 17 - River Valley Bancorp will price a public offering of common stock with a 30-day greenshoe, according to a Form S-1 filed Thursday with the Securities and Exchange Commission.

Keefe, Bruyette & Woods is the bookrunning manager.

Proceeds will be used to redeem all 5,000 series A fixed-rate cumulative perpetual preferred shares for $5 million and for general corporate purposes, including contributions to the bank as additional capital and growth.

River Valley is a bank holding company in Madison, Ind.

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