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Recent Updates — RVSB

September 2, 2026View Source ↗

Riverview Bancorp held its Annual Meeting on August 27, 2026. Shareholders elected Bess R. Wills and Larry A. Hoff to three-year terms, while Jon L. Girod and Kourosh N. Zamanizadeh were re-elected for one-year terms. The board approved the adoption of the 2026 stock purchase plan with overwhelming support (98.49% in favor) and ratified executive compensation. Additionally, the Board amended its Bylaws to reduce the board size from ten to nine members following Director Carlson's retirement. Riverview Bancorp operates as a bank holding company providing financial services through its subsidiary, Riverview Bank.

August 10, 2026View Source ↗

Riverview Bancorp announced that Michael Sventek, Executive Vice President and Chief Lending Officer, intends to retire effective October 30, 2026. The departure follows no disagreements with management, and the company is initiating a search for his successor using an executive search firm. Riverview operates as a community bank headquartered in Vancouver, Washington.

July 29, 2026View Source ↗

Riverview Bancorp reported net income of $1.7 million, or $0.08 per diluted share, for the fiscal first quarter ended June 30, 2026, a significant improvement from an $8.0 million loss in the prior quarter and $1.2 million in the same period last year. Net interest income rose to $11.4 million with a net interest margin of 3.34%, driven by higher loan yields and strategic balance sheet optimization that included selling $149.3 million in lower-yielding securities. Non-interest expense increased to $12.9 million due to technology investments, while non-performing assets stood at 0.59% of total assets with no provision for credit losses recorded. The company also disclosed a cash dividend payment of $0.02 per share made on July 21, 2026, to shareholders of record as of July 9, 2026. Riverview Bancorp operates in the banking industry, providing community banking services through its subsidiary Riverview Bank.