CORRECTION: Riverview Bancorp Declares Quarterly Cash Dividend of $0.02 Per Share

Rhea-AI Summary

Riverview Bancorp (RVSB) has announced a quarterly cash dividend of $0.02 per share, maintaining the same rate as the previous quarter. The dividend was approved by the Board of Directors on December 18, 2024, and will be payable on January 14, 2025, to shareholders of record as of January 2, 2025.

The company, headquartered in Vancouver, Washington, operates with assets of $1.55 billion as of September 30, 2024. Riverview Bank, along with Riverview Trust Company, serves commercial, business, and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. The bank has been recognized as Best Bank by The Vancouver Business Journal and The Columbian for the past 10 years.

News Market Reaction

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On the day this news was published, RVSB gained 1.95%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, Wash., Dec. 23, 2024 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Monday, December 23rd by Riverview Bancorp, Inc. (Nasdaq GSM: RVSB), please note that in the first paragraph, the dates regarding Board approval, shareholder eligibility, and the payable date have been corrected. The corrected release follows:

Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on December 18, 2024, its Board of Directors approved a quarterly cash dividend of $0.02 per share which remained unchanged compared to the preceding quarter. The dividend is payable on January 14, 2025, to shareholders of record as of January 2, 2025.

About Riverview

Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon, on the I-5 corridor. With assets of $1.55 billion on September 30, 2024, it is the parent company of Riverview Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial, business and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. For the past 10 years, Riverview has been named Best Bank by The Vancouver Business Journal and The Columbian.

This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make including those described in 1A (Risk Factors) of the Company’s Form 10-K for the fiscal year ended March 31, 2024. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.

Contacts:	Nicole Sherman and David Lam
	Riverview Bancorp, Inc. 360-693-6650

FAQ

What is the amount of Riverview Bancorp's (RVSB) latest quarterly dividend for 2024?

Riverview Bancorp (RVSB) declared a quarterly cash dividend of $0.02 per share.

When will RVSB's latest quarterly dividend be paid?

The dividend will be paid on January 14, 2025, to shareholders of record as of January 2, 2025.

Has RVSB changed its dividend amount compared to the previous quarter?

No, the dividend amount of $0.02 per share remained unchanged compared to the preceding quarter.

What was Riverview Bancorp's (RVSB) total asset value as of September 2024?

Riverview Bancorp reported assets of $1.55 billion as of September 30, 2024.

How many branches does Riverview Bank currently operate?

Riverview Bank operates 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers.