River Financial Corporation

River Financial Corporation is the bank holding company for River Bank & Trust, offering a range of commercial and consumer banking services. The company serves small to medium-sized businesses, organizations, entrepreneurs, and individuals in Alabama and the Florida Panhandle. Its services include accepting demand, time, savings, and deposits, as well as negotiable orders of withdrawal accounts. It also provides commercial real estate term loans, residential mortgage loans, construction and land development loans, home equity lines of credit, commercial and industrial loans, and consumer loans for automobiles and durable goods. Additionally, River Financial offers investment brokerage services, along with commercial and retail online banking, automated bill payment, mobile banking, and remote deposit capture services.

River Financial Corporation is listed on the OTC Markets OTCPK exchange under the ticker symbol RVRF. The company trades in US dollars (USD). As an over-the-counter stock, it is not listed on major exchanges like the NYSE or Nasdaq, but it is still publicly traded in the United States. Investors can buy and sell shares through brokerage accounts that support OTC trading.

River Financial Corporation operates in the Financial Services sector, specifically within the Banks - Regional industry. As a regional bank holding company, it focuses on providing banking services to local communities in Alabama and the Florida Panhandle. Its primary subsidiary, River Bank & Trust, offers traditional banking products such as deposits, loans, and investment services tailored to small and medium-sized businesses and individuals. Regional banks like River Financial typically have a strong local presence and emphasize relationship-based banking.

River Financial Corporation is headquartered in Prattville, Alabama, and was founded in 2006. The company serves customers in Alabama and the Florida Panhandle through its subsidiary, River Bank & Trust. Its target market includes small to medium-sized businesses, organizations, entrepreneurs, and individuals in these regions. By focusing on these specific geographic areas, River Financial aims to provide personalized banking services and support local economic growth.

River Financial Corporation generates revenue primarily through interest income from its loan portfolio, which includes commercial real estate term loans, residential mortgage loans, construction and land development loans, home equity lines of credit, commercial and industrial loans, and consumer loans for automobiles and durable goods. It also earns non-interest income from deposit account fees, investment brokerage services, and other banking services such as online banking, bill payment, mobile banking, and remote deposit capture. The company's net interest margin, which is the difference between interest earned on loans and interest paid on deposits, is a key driver of profitability.