Riverview Bancorp, Inc. Announces $4.0 Million Stock Repurchase Program
Rhea-AI Summary
Riverview Bancorp (Nasdaq: RVSB) announced that its Board approved a stock repurchase program on August 20, 2026, authorizing the Company to buy back up to $4.0 million of its common stock in open‑market or privately negotiated transactions. The program will remain in effect until completion or up to 12 months after its effective date, subject to market conditions.
The Board also authorized management to enter into a Rule 10b5‑1 trading plan with Raymond James & Associates to facilitate repurchases during blackout periods. Riverview reported $1.47 billion in assets at June 30, 2026, and operates 17 branches and 3 lending centers in the Portland‑Vancouver area.
Positive
- $4.0 million stock repurchase authorization announced by the Board
- Repurchase program may operate for up to 12 months after effective date
- Use of Rule 10b5‑1 plan with Raymond James to enable continuous buybacks
- Bank reported $1.47 billion in assets at June 30, 2026
Negative
- No guarantee on how many shares will be repurchased under the $4.0 million program
- Company may suspend or discontinue the repurchase program at any time
News Explained
Existing holders face a possible, not yet completed, company-funded share repurchase; the announced $4.0 million is only an authorization ceiling.
Riverview Bancorp has adopted a stock-repurchase authorization, but no purchase is reported as completed: once effective, the company may buy up to
The
A subsequent company disclosure of the program’s effective date and actual purchases would establish how far the authorization has progressed; the release says its term ends at completion or
Key Figures
Previous Buybacks Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jan 28 | Stock repurchase program | Positive | +0.4% | Authorized up to $4.0 million in repurchases under a Rule 10b5-1 plan |
| Apr 29 | Stock repurchase program | Positive | +0.0% | Approved up to $2.0 million of common-stock repurchases over 12 months |
| Sep 26 | Stock repurchase program | Positive | +0.6% | Authorized up to $2.0 million in open-market or private repurchases |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Prior Riverview buyback announcements had non-negative 24-hour reactions of 0.39%, 0%, and 0.64%.
Key Terms
rule 10b5-1 regulatory
material non-public information regulatory
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, Wash., Aug. 26, 2026 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) headquartered in Vancouver, WA, the holding company parent of Riverview Bank, announced that on August 20, 2026, its Board of Directors adopted a stock repurchase program.
The Company may repurchase up to
“We are pleased to announce our common stock repurchase authorization as part of our ongoing commitment to delivering long-term value for Riverview shareholders. This action reflects the Board’s confidence in the Company’s financial strength, disciplined capital management and future opportunities. We believe this expanded program represents a thoughtful and effective use of excess capital while continuing to support the long-term interests of our shareholders,” said Nicole Sherman, President and Chief Executive Officer.
The Board of Directors of the Company also authorized management to enter into a trading plan with Raymond James & Associates, Inc. in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, to facilitate repurchases of its common stock as part of the stock repurchase program (the “Rule 10b5-1 plan”). The Rule 10b5-1 plan would allow the Company to execute trades during periods when it might otherwise not be permitted to do so because it may be in possession of material non-public information, because of insider trading laws or Company-imposed trading blackout periods. Under the Rule 10b5-1 plan, Raymond James & Associates, Inc. would have the authority, subject to the plan’s terms and limitations, to repurchase shares on the Company’s behalf. There is no guarantee as to how many shares the Company may ultimately repurchase, and the Company may suspend or discontinue the repurchase program at any time.
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
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 Item 1A (Risk Factors) of the Company’s Form 10-K for the fiscal year ended March 31, 2026. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known by the Company.
| Contact: | Nicole Sherman and David Lam | |
| Riverview Bancorp, Inc. 360-693-6650 |
