River Financial Corporation | Stephens

Who We Are

What We Do

We provide investment banking, research, sales and trading, asset and wealth management, public finance, insurance, private capital, and family office services.

About Us

We are a family-owned financial services firm that values client relationships, long-term stability, and supporting the communities where we live and work.

The Stephens Story

The idea of family defines our culture, because each of us knows that our reputation is on the line as if our own name was on the door.


Our reputation as a leading independent financial services firm is built on the stability of our longstanding and highly experienced senior executives.

Impact Initiatives

We are committed to corporate philanthropy; economic and financial literacy advocacy; and diversity, equity, and inclusion initiatives.

Our Brand Ambassadors

Stephens is proud to sponsor the PGA TOUR, LPGA Tour, and PGA TOUR Champions careers, as well as applaud the philanthropic endeavors, of our Brand Ambassadors.

Making Connections

We host many highly informative meetings each year with clients, industry decision makers, and thought leaders across the U.S. and in Europe.

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Lead Placement Agent

River Financial Corporation

$40 Million 03/09/2021 Depository Complete
Public Companies
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Transaction Details

  • River Financial Corporation (OTCPK: RVRF) (“River”), the holding company of River Bank & Trust (the “Bank”), announced that on March 9, 2021, it closed its $40 million private placement of Fixed-to-Floating Rate Subordinated Notes due 2031 (the “Notes”)
  • The Notes bear a fixed rate of 4.00% per year for the first 5 years and then reset quarterly at a variable rate equal to the then current three-month term SOFR plus 342 basis points
  • The Egan-Jones Ratings Company assigned a rating of BBB+ to the Notes
  • River intends to use approximately $19.7 million of the net proceeds from the issuance of the Notes to pay off its note with CenterState Bank dated October 31, 2018, including interest accrued on such notes, and the remaining proceeds for general corporate purposes, including providing capital to support the organic growth of its Bank

About the company

River is a bank holding company headquartered in Prattville, Alabama. River engages in the business of banking through its wholly-owned banking subsidiary, River Bank & Trust. Through the Bank, River provides a broad array of financial services to businesses, business owners, professionals, and consumers. As of September 30, 2020, River operated eighteen full-service banking offices in Alabama in the cities of Montgomery, Prattville, Millbrook, Wetumpka, Auburn, Opelika, Gadsden, Alexander City, Daphne, Clanton, Dothan, Enterprise, Thorsby, and Mobile.

Sources: Company Filings.
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