Riverview Bancorp Declares Quarterly Cash Dividend
October 03 2016 - 7:00PM
Riverview Bancorp, Inc. (Nasdaq:RVSB) (“Riverview” or the
“Company”) today announced its Board of Directors has declared a
quarterly cash dividend of $0.02 per share. The dividend will
be payable October 25, 2016, to shareholders of record October 14,
2016.
The cash dividend represents a payout of 27% for
our first fiscal quarter and a dividend yield of 1.49%.
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 $932 million, it is the
parent company of the 93 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 17
branches, including twelve in the Portland-Vancouver area and three
lending centers. Riverview recently announced the signing of a
purchase and assumption agreement with MBank in which Riverview
will acquire approximately $130 million in net loans and will
assume approximately $128 million in customer deposits. The
transaction is expected to close in the quarter ending March 31,
2017.
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:
Pat Sheaffer, Ron Wysaske or Kevin Lycklama,
Riverview Bancorp, Inc. 360-693-6650
Riverview Bancorp (NASDAQ:RVSB)
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