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Riverview Bancorp Declares Quarterly Cash Dividend of $0.05 Per Share

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VANCOUVER, Wash., Sept. 25, 2020 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced that on September 23, 2020, its Board of Directors approved a quarterly cash dividend of $0.05 per share, which remained unchanged compared to the preceding quarter. The dividend will be payable October 20, 2020, to shareholders of record on October 8, 2020. Based on the current share price, the annualized dividend yield is 4.99%.

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 $1.38 billion at June 30, 2020, it is the parent company of the 97-year-old Riverview Community 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 and retail customers. There are 18 branches, including 14 in the Portland-Vancouver area and three lending centers. For the past seven years, Riverview has been named Best Bank by the readers of 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. 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: Kevin Lycklama
  Riverview Bancorp, Inc. 360-693-6650

Riverview Bancorp, Inc.

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About RVSB

riverview bancorp, inc. is the holding company of riverview community bank, a progressive community-oriented financial institution that emphasizes local, personal service throughout southwest washington and the portland metropolitan area. the company provides personal and commercial financial solutions through its network of 17 branches, a professional mortgage broker division, and its trust subsidiary riverview asset management corp. the bank provides numerous deposit services including checking and savings, money market, and certificates of deposit; internet banking, 24-hour customer information line, atms and courier service. the bank offers commercial real estate loans, construction and land development loans, commercial and industrial loans as well as consumer home equity loans and lines of credit. as of october 1, 2009, the bank operated 17 branches and an operations and lending service center. branches include 14 in southwest washington, and 2 in the portland, oregon metro area.