Riverview Bancorp Shareholders Approve Directors, Executive Pay Plan, and New Stock Purchase Program
At Riverview Bancorp's annual meeting on August 31, shareholders approved the election of four directors, an advisory vote on executive compensation, and a new stock purchase plan. The company reported strong shareholder turnout with more than half of its outstanding shares represented in person or by proxy. Riverview also disclosed results from strategic balance sheet optimization efforts during Q2 2026 that involved selling lower-yielding securities to redeploy capital into higher-yield bonds, which contributed to a net loss for the fiscal year but improved non-GAAP earnings and net interest income. The company returned to positive quarterly net income in June 2026. The loan portfolio exceeded $1 billion with strong growth since March 2025, while deposits reached $1.26 billion as of June 30. Riverview also announced a new stock repurchase program and outlined strategic priorities including digital transformation and employee development.
Tickers: $RVSB
Topics: balance sheet optimization executive compensation stock purchase plan