Following the integration of the two banks, River Valley Financial Bank has become a state chartered bank from a federally chartered lender.
The deal enables River Valley Financial Bank to enhance its branch network in North Vernon, Seymour and Dupont, Indiana.
The combined banking entity, which will operate 12 branches across southeast Indiana and northern Kentucky, will have nearly $493m in assets, $310m in loans and $385m in deposits.
River Valley Bancorp received legal advice from Barnes & Thornburg, while Keefe, Bruyette & Woods served as financial advisor.
Frost Brown Todd acted as legal advisor to Dupont State Bank, while Professional Bank Services provided financial advice to the bank.
