UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(b) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 1, 1998
RIVER VALLEY BANCORP
(Exact name of registrant as specified in its charter)
INDIANA
(State of other jurisdiction of incorporation)
2-47541 35-1984567
(Commission File Number) (IRS Employer Identification No.)
303 Clifty Drive
Madison, Indiana 47250
(Address of principal executive offices) (Zip Code)
Registrants telephone number, including area code: (812) 265-3421
<PAGE>
Item 5. Other Events.
Pursuant to General Instruction F to Form 8-K, the press release issued
September 1, 1998, concerning the Corporation's stock repurchase program is
attached hereto as Exhibit 1 and incorporated by reference herein.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99 - Press Release dated September 1, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
/s/ James E. Fritz
------------------------------
James E. Fritz, President and
Chief Executive Officer
Dated: September 2, 1998
EXHIBIT 99
Press Release FOR IMMEDIATE RELEASE
Contact: James E. Fritz
Phone Number: 812/273-4949
RIVER VALLEY BANCORP
ANNOUNCES STOCK REPURCHASE PROGRAM
Madison, Indiana -- September 1, 1998 -- River Valley Bancorp (the
"Corporation") announced today that the Board of Directors has approved the
repurchase, from time to time, on the open market of up to 5 percent of the
Corporation's outstanding shares of common stock, without par value, or 59,512
such shares. Such purchases will be made subject to market conditions in open
market or block transactions. Repurchases may not begin until the required
regulatory clearance from the Office of Thrift Supervision has been received.
According to James E. Fritz, President of the Corporation, the Board
believes that the Corporation's shares are currently undervalued by the market
and that open market purchases will have the potential effects of enhancing the
book value per share and the potential for growth in earnings per share of the
Corporation's remaining outstanding shares.
River Valley Bancorp (NASDAQ Small Cap Market Symbol "RIVR"), an
Indiana corporation, is the holding company for River Valley Financial Bank, a
federal savings bank located in Madison, Indiana.
