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River Financial Corp

River Financial Corp Discloses Class Action Lawsuits Following Data Removal in Cybersecurity Incident

8-K/ALegal RiskbearishImpact75

Legal / Accounting Snapshot

Incident Status
Data Removed by Threat Actor
Legal Action
Two Class Action Lawsuits Filed
Fraud Reports
None directly from incident
Material Impact
Not yet determinedInvestigation ongoing

River Financial Corp confirmed data removal in a cybersecurity incident and now faces two class action lawsuits, increasing legal risk

River Financial Corp filed an 8-K/A to update on its cybersecurity incident, confirming that an unauthorized threat actor accessed its network and removed certain data. The company is still determining the nature and scope of the affected information, including personally identifiable information. Importantly, following public disclosure of the incident, two class action lawsuits have been filed against River. The company is evaluating these complaints and intends to respond in due course, noting that additional claims or litigation may arise. The full impact on its business or financial condition remains undetermined, but the confirmed data removal and new litigation introduce significant legal and operational risks

Score75

Score Rationale

bearish

The disclosure of two class action lawsuits and confirmed data exfiltration from a cybersecurity incident significantly elevates the company's legal and operational risk profile.

Key Legal / Accounting Details

Key terms
Data Accessed
Portions of network
Data Removed
Certain data from environment
Personally Identifiable Info
Scope still being determined
Company Response to Lawsuits
Evaluating complaints, intends to respondIn ordinary course
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Original Filing Text

SEC filing text preserved from the raw item store.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of earliest event reported: June 19, 2026

RIVER FINANCIAL CORPORATION

(Exact Name of Registrant as Specified in its Charter)

 

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

 

Alabama

333-205986

46-1422125

(State or Other Jurisdiction

of Incorporation)

(Commission

File Number)

(IRS Employer

Identification No.)

2611 Legends Drive

Prattville, Alabama

36066

(Address of Principal Executive Offices)

(Zip Code)

(334) 290-1012

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

None

None

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

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ITEM 1.05 Material Cybersecurity Incidents.

 

Since the date of the original filing, River's investigation has progressed. River has determined that an unauthorized threat actor accessed portions of its network and removed certain data from its environment. River is working to determine the nature and scope of the information involved, including whether any personally identifiable information was affected. To date, River is not aware of any reports of fraud as a direct result of this incident.

 

Following public disclosure of the incident, two class action lawsuits were filed against River relating to the incident. River is evaluating the complaints and intends to respond in ordinary course. Additional claims or litigation relating to the incident may be asserted.

As of the date of this filing, the full nature, scope, and impact of the incident have not yet been determined. River has not yet confirmed whether the incident is reasonably likely to materially impact its business or financial condition. River will file an amendment to this Current Report on Form 8-K within four business days after it determines that such information is available.

 

ITEM 9.01 Financial Statements and Exhibits.

 

(d) Exhibits

 

104

 

Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

RIVER FINANCIAL CORPORATION

 

 

 

 

Date: July 10, 2026

 

 

 

By

 

/s/ James M. Stubbs

 

 

 

 

 

 

James M. Stubbs

 

 

 

 

 

 

Chief Executive Officer

 

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