OREANDA-NEWS. Riverview Bancorp, Inc. 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%.

Riverview Bancorp, Inc. 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.