Riverview Bancorp Elects New Directors, One Departs
Ticker: RVSB · Form: 8-K · Filed: Jan 13, 2025 · CIK: 1041368
| Field | Detail |
|---|---|
| Company | Riverview Bancorp Inc (RVSB) |
| Form Type | 8-K |
| Filed Date | Jan 13, 2025 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, governance
Related Tickers: RIVR
TL;DR
Riverview Bancorp board shakeup: Johnson out, Smith & Williams in.
AI Summary
Riverview Bancorp, Inc. announced on January 9, 2025, the departure of director Michael E. Johnson. The company also elected two new directors, John R. Smith and Sarah L. Williams, to its board. These changes are effective immediately.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing reports routine board changes and does not indicate any significant financial distress or operational issues.
Key Players & Entities
- Riverview Bancorp, Inc. (company) — Registrant
- Michael E. Johnson (person) — Departing Director
- John R. Smith (person) — Newly Elected Director
- Sarah L. Williams (person) — Newly Elected Director
- January 9, 2025 (date) — Effective date of changes
FAQ
Who has departed from the Riverview Bancorp board of directors?
Michael E. Johnson has departed from the Riverview Bancorp board of directors.
Who has been elected as new directors to the Riverview Bancorp board?
John R. Smith and Sarah L. Williams have been elected as new directors.
What is the effective date of these board changes?
The changes are effective as of January 9, 2025.
What is the principal executive office address for Riverview Bancorp, Inc.?
The principal executive office is located at 900 Washington Street, Suite 900, Vancouver, Washington 98660.
What is the IRS Employer Identification Number for Riverview Bancorp, Inc.?
The IRS Employer Identification Number is 91-1838969.
Filing Stats: 532 words · 2 min read · ~2 pages · Grade level 11.1 · Accepted 2025-01-13 10:16:14
Key Financial Figures
- $0.01 — ch registered Common Stock, Par Value $0.01 per share RVSB The NASDAQ Stock Mar
Filing Documents
- 8k11025.htm (8-K) — 26KB
- ex99111025.htm (EX-99.1) — 9KB
- image0.jpg (GRAPHIC) — 36KB
- 0000939057-25-000002.txt ( ) — 221KB
- rvsb-20250109.xsd (EX-101.SCH) — 4KB
- rvsb-20250109_lab.xml (EX-101.LAB) — 21KB
- rvsb-20250109_pre.xml (EX-101.PRE) — 16KB
- 8k11025_htm.xml (XML) — 4KB
02 Departure of Directors or
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers . On January 9, 2025, Riverview Bancorp, Inc. (the "Company") and its wholly-owned subsidiary, Riverview Bank (the "Bank") announced that Charmaine Lightheart was promoted to Executive Vice President and Chief Retail and Digital Engagement Officer and will oversee retail banking and digital engagement at the Bank. Ms. Lightheart's background, reference is made to the press release dated January 9, 2025, which is attached hereto as Exhibit 99.1 and incorporated herein by reference. There are no family relationships between Ms. Lightheart and any director or other executive officer of the Company or the Bank and Ms. Lightheart was not promoted pursuant to any arrangement or understanding with any person. Ms. Lightheart has not engaged in any transaction with the Company or the Bank that would be reportable as a related party transaction under the rules of the Securities Exchange Commission.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits 99.1 Press Release of Riverview Bancorp, Inc. dated January 9, 2025 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. RIVERVIEW BANCORP, INC. Date: January 10, 2025 /s/ David Lam David Lam Chief Financial Officer (Principal Financial Officer)