Riverview Bancorp, Inc. Announces $4.0 Million Stock Repurchase Program

Core Viewpoint - Riverview Bancorp, Inc. has announced a stock repurchase program aimed at enhancing shareholder value by repurchasing up to $4.0 million of its outstanding shares [1][2][3] Group 1: Stock Repurchase Program - The company plans to repurchase shares in the open market or through privately negotiated transactions, with the program effective until the earlier of completion or 12 months from the effective date [2] - The decision to double the size of the stock repurchase program reflects a disciplined approach to deploying excess capital and is seen as a prudent use of capital to strengthen shareholder value [3] Group 2: Management and Trading Plan - The Board of Directors has authorized management to enter into a trading plan with Keefe, Bruyette & Woods, Inc. under Rule 10b5-1 to facilitate the repurchase of common stock [4] - This plan allows the company to execute trades during periods when it might otherwise be restricted due to possession of material non-public information or insider trading laws [4] Group 3: Company Overview - Riverview Bancorp, Inc. is headquartered in Vancouver, Washington, with assets totaling $1.51 billion as of December 31, 2025, and operates 17 branches [5] - The company has been recognized as the Best Bank by readers of local publications for the past 11 years, indicating a strong community presence and customer satisfaction [5]