River Valley Community Bancorp Announces Increased Authorization to Stock Repurchase Plan

Core Viewpoint - River Valley Community Bancorp has announced an increase in its stock repurchase plan, raising the total authorized amount to $3,000,000, which aims to enhance capital management and return on equity for shareholders [1][2][4]. Group 1: Stock Repurchase Plan - The initial stock repurchase plan authorized by the Board of Directors on October 15, 2024, was for up to $1,000,000 of the Company's outstanding common stock [2]. - On January 30, 2026, the Board approved an additional $2,000,000 for the repurchase plan, bringing the total to $3,000,000 [2]. - The repurchase program is set to remain in effect until December 31, 2026 [2]. Group 2: Conditions and Management - The timing, price, and size of stock purchases will depend on market conditions and other factors [3]. - The Board has ensured that the maximum aggregate repurchases will not impair the capital of the Company or its subsidiary, River Valley Community Bank [3]. - The program is designed to provide an effective mechanism for capital management, increase return on equity for existing shareholders, and enhance market liquidity for the common shares [4]. Group 3: Company Ratings and Services - River Valley Community Bank maintains high ratings from BauerFinancial and Depositaccounts.com [5]. - The Bank offers a comprehensive range of competitive products, services, and banking technology to its customer base [5].