GlobeNewswire Inc | Dec 22, 2020 04:00PM EST

December 22, 2020

VANCOUVER, Wash., Dec. 22, 2020 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (Riverview or the Company) today announced that on December 16, 2020, its Board of Directors approved a quarterly cash dividend of $0.05 per share, which remained unchanged compared to the preceding quarter. The dividend will be payable January 18, 2021, to shareholders of record on January 5, 2021. Based on the current share price, the annualized dividend yield is 3.97%.

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 $1.43 billion at September 30, 2020, it is the parent company of the 97-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 18 branches, including 14 in the Portland-Vancouver area and three lending centers. For the past seven years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal and The Columbian.

This press release contains statements that the Company believes are forward-looking statements. These statements relate to the Companys 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: Kevin Lycklama Riverview Bancorp, Inc. 360-693-6650