Riverview Bancorp Inc. said its board approved a stock repurchase program authorizing up to $4.0 million in purchases of the company's common stock.
The buyback can be executed via open market transactions at prevailing prices or through privately negotiated deals, with the program remaining in effect for up to 12 months from the effective date. Management was also authorized to establish a trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934, which allows trades to proceed during periods when insider trading rules or company-imposed blackouts would otherwise restrict activity.
Nicole Sherman, President and Chief Executive Officer, stated, "We are pleased to announce our common stock repurchase authorization as part of our ongoing commitment to delivering long-term value for Riverview shareholders."
The company noted there is no guarantee on the number of shares ultimately repurchased and may suspend or discontinue the program at any time. Riverview Bancorp serves as the parent company of Riverview Bank and Riverview Trust Company, reporting $1.47 billion in assets as of June 30, 2026, and operating 17 branches including 13 in the Portland-Vancouver area and three lending centers.
