Riverview Bancorp Inc

riverviewbank.com

Riverview Bancorp Inc (NASDAQ: RVSB) is a community banking company that provides commercial and retail banking services through its subsidiary Riverview Bank, which opened in 1923 and celebrated its 101st anniversary in fiscal year 2025. The bank earns money primarily through net interest income, taking deposits and deploying capital into higher-yielding assets including commercial real estate loans, real estate construction loans, and commercial business loans. The company's stated strategy centers on growing core deposit balances, increasing commercial lending exposure, managing credit quality, and reducing operating expenses. Leadership as of the 10-K filed June 12, 2025 includes Nicole Sherman as President and Chief Executive Officer, David Lam as Executive Vice President and Chief Financial Officer, and Gerald L. Nies as Chairman of the Board. The company uses Federal Home Loan Bank advances as a funding source, with average FHLB advances outstanding of $99.0 million in FY2025, down from $146.6 million in FY2024, at a weighted average rate of 5.17% in FY2025.