Fourthstone Reports 3.26% Stake (682,930 Shares) in Riverview Bancorp (RVSB)

Fourthstone and affiliated funds report passive holdings in Riverview Bancorp Inc (RVSB).

Rhea-AI Filing Summary

Fourthstone and affiliated funds report passive holdings in Riverview Bancorp Inc (RVSB). Fourthstone LLC beneficially owns 682,930 shares, representing 3.26% of the class based on 20,976,200 shares outstanding as of March 31, 2025. The filing lists related entities with disclosed stakes: Fourthstone Master Opportunity Fund Ltd (524,777 shares, 2.50%), Fourthstone GP LLC (158,153 shares, 0.75%), Fourthstone QP Opportunity Fund LP (138,573 shares, 0.66%), and Fourthstone Small-Cap Financials Fund LP (19,580 shares, 0.09%).

The reporting persons state the shares were acquired in the ordinary course of business and are not held to influence or change control of the issuer. The filing identifies L. Phillip Stone, IV as a principal associated with the reporting group and notes shared voting and dispositive power where indicated.

Positive

• Fourthstone LLC beneficially owns 682,930 shares, representing 3.26% of RVSB
• Clear declaration of passive intent: shares acquired in the ordinary course and not held to change control
• Detailed breakdown of related entities' holdings provides transparency on ownership and shared voting/dispositive power

Negative

• None.

Insights

Financial Analyst

TL;DR: Aggregate holdings are meaningful but below 5%, indicating notable investor interest without control intent.

Fourthstone LLC's position of 682,930 shares (3.26%) is a substantive institutional stake for a regional bank but remains under the 5% threshold that would trigger Schedule 13D scrutiny. The filing explicitly states the shares were acquired in the ordinary course and are not intended to influence control, which suggests a passive investment strategy. For investors, this signals institutional confidence without an imminent governance or strategic change risk disclosed in this statement.

Corporate Governance Expert

TL;DR: Ownership structure shows related entities and shared power, but the filing affirms no group control intent.

The report details multiple related reporting persons and shared voting/dispositive power aggregating to the amounts listed, with L. Phillip Stone, IV identified as a managing member. Importantly, the filing is a Schedule 13G classification consistent with passive ownership. There is no indication in the text of plans to seek board representation or to effect control, so governance impact is limited based on the disclosures provided.

FAQ

How many shares of RVSB does Fourthstone LLC own?

Fourthstone LLC owns 682,930 shares, representing 3.26% of the outstanding common stock based on 20,976,200 shares.

Does Fourthstone intend to influence control of Riverview Bancorp (RVSB)?

No. The filing states the shares were acquired in the ordinary course and are not held to influence or change control of the issuer.

What other related entities hold RVSB shares and how much?

Fourthstone Master Opportunity Fund Ltd: 524,777 shares (2.50%); Fourthstone GP LLC: 158,153 shares (0.75%); Fourthstone QP Opportunity Fund LP: 138,573 shares (0.66%); Fourthstone Small-Cap Financials Fund LP: 19,580 shares (0.09%).

On what share count is the percentage ownership based?

Percentages are based on 20,976,200 shares of common stock outstanding as disclosed in the filing (Q4 2024 earnings release reference).

Who is the individual associated with the reporting group?

L. Phillip Stone, IV is identified as a managing member associated with the reporting persons and may be deemed to beneficially own the related holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/14/2025 - 11:53 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Riverview Bancorp Inc

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

769397100

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 769397100

1

Names of Reporting Persons

Fourthstone LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 682,930.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 682,930.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

682,930.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.26 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 769397100

1

Names of Reporting Persons

Fourthstone Master Opportunity Fund Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 524,777.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 524,777.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

524,777.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

2.50 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 769397100

1

Names of Reporting Persons

Fourthstone GP LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 158,153.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 158,153.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

158,153.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.75 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 769397100

1

Names of Reporting Persons

Fourthstone QP Opportunity Fund LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 138,573.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 138,573.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

138,573.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.66 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 769397100

1

Names of Reporting Persons

Fourthstone Small-Cap Financials Fund LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 19,580.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 19,580.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

19,580.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.09 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

CUSIP No. 769397100

1

Names of Reporting Persons

L. Phillip Stone, IV

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 682,930.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 682,930.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

682,930.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

3.26 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: See Item 4 for a description of the information reported in rows (6), (8), (9) and (11).

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Riverview Bancorp Inc
(b)	Address of issuer's principal executive offices: 900 WASHINGTON STREET, SUITE 900, VANCOUVER, WA, 98660
Item 2.
(a)	Name of person filing: This Schedule 13G is being filed by Fourthstone LLC, a Delaware Limited Liability Company and Investment Adviser ("Fourthstone"). The persons reporting information on this Schedule 13G include, in addition to Fourthstone, a company incorporated in the Cayman Islands ("Fourthstone Master Opportunity Fund"), a Delaware Limited Partnership ("Fourthstone QP Opportunity"), a Delaware Limited Partnership ("Fourthstone Small-Cap Financials"), a Delaware Limited Liability Company ("Fourthstone GP, " General Partner of Fourthstone QP Opportunity and Fourthstone Small-Cap Financials), and L. Phillip Stone, IV, a citizen of the United States of America, who is the Managing Member of Fourthstone and Fourthstone GP (each, a "Reporting Person" and, together, the "Reporting Persons"). Fourthstone directly holds 682,930 shares of Common Stock on behalf of its advisory clients. Each of the Reporting Persons listed in this filing certify the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that effect.
(b)	Address or principal business office or, if none, residence: The principal business address of each of the Reporting Persons is as follows: The registered office of Fourthstone LLC, Fourthstone Master Opportunity Fund Ltd., Fourthstone GP LLC, Fourthstone QP Opportunity Fund LP, Fourthstone Small-Cap Financials Fund LP is 575 Maryville Centre Drive, Suite 110, St. Louis, MO 63141.
(c)	Citizenship: See response to Item 4 of each of the cover pages.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP No.: 769397100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Fourthstone LLC acquired the Issuer's shares in the ordinary course of business as a registered investment adviser and not with the purpose nor with the effect of influencing the control of the Issuer. Fourthstone GP LLC is the general partner of and may be deemed to beneficially own securities owned by Fourthstone QP Opportunity Fund LP and Fourthstone Small-Cap Financials Fund LP. L. Phillip Stone, IV, is the Managing Member of Fourthstone LLC and Fourthstone GP and may be deemed to beneficially own securities owned by Fourthstone.The percentages reported in Row 11 of each cover page are based on 20,976,200 shares of Common Stock (as defined below) of the Issuer (as defined below) outstanding as of March 31, 2025, based on the Issuer's Q4 2024 Earnings Release.
(b)	Percent of class: 3.26 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to Item 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to Item 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to Item 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to Item 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Fourthstone LLC

Signature:	Amy M. Stone
Name/Title:	Chief Executive Officer
Date:	08/14/2025

Fourthstone Master Opportunity Fund Ltd

Signature:	Amy M. Stone
Name/Title:	Chief Executive Officer
Date:	08/14/2025

Fourthstone GP LLC

Signature:	L. Phillip Stone, IV
Name/Title:	Managing Member of Fourthstone GP LLC
Date:	08/14/2025

Fourthstone QP Opportunity Fund LP

Signature:	Amy M. Stone
Name/Title:	Chief Executive Officer
Date:	08/14/2025

Fourthstone Small-Cap Financials Fund LP

Signature:	Amy M. Stone
Name/Title:	Chief Executive Officer
Date:	08/14/2025

L. Phillip Stone, IV

Signature:	L. Phillip Stone, IV
Name/Title:	Self, Principal owner of Fourthstone LLC
Date:	08/14/2025