Riverview Bancorp, Inc. reports developments for a Vancouver, Washington savings and loan holding company that owns Riverview Bank and Riverview Trust Company. Its news centers on community banking results in the Portland-Vancouver and Southwest Washington markets, including commercial and business lending, deposits, credit quality, net interest income and net interest margin.
Announcements also cover treasury management and digital banking capabilities, securities portfolio repositioning, cash dividends, common-stock repurchase authorization and board composition changes. The company serves commercial, business and retail clients through bank branches and lending centers, while Riverview Trust Company anchors its trust and investment services activity.
Riverview Bancorp (Nasdaq: RVSB) announced a quarterly cash dividend of $0.02 per share, a $0.04 decrease from the previous quarter. The dividend will be paid on July 22, 2024, to shareholders on record as of July 10, 2024. Chairman Gerald L. Nies stated the decision, though difficult, aligns with the company's short-term and long-term objectives. Riverview Bancorp, headquartered in Vancouver, Washington, has assets totaling $1.52 billion as of March 31, 2024. The company offers community banking services through its 17 branches in the Portland-Vancouver area.
Riverview Bancorp announced Nicole Sherman as the new President and CEO, effective July 1, 2024. With over 25 years of experience, Sherman has a proven track record in community banking across the Pacific Northwest. Known for her financial innovation and leadership, she has held senior roles at Columbia Bank, Utah First, and others. Sherman's appointment follows an extensive national search led by Chartwell Partners. Dan Cox, the acting CEO, will return to his role as EVP and COO. Riverview Bancorp, headquartered in Vancouver, WA, has assets of $1.52 billion and operates 17 branches.
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