Riverview Bancorp authorizes $4.0 million buyback, sets up 10b5-1 plan with Raymond James
$RVSB. A $4.0 million common stock repurchase program at Riverview Bancorp is in focus after the Vancouver, Washington company's Board of Directors adopted the authorization on August 20, 2026. The next step is a formal…
Key takeaways
- Riverview Bancorp's Board of Directors adopted a $4.0 million common stock repurchase authorization on August 20, 2026.
- The Board authorized management to negotiate a Rule 10b5-1 trading plan with Raymond James & Associates, Inc., which would allow buybacks during insider-trading blackout periods, though the agreement is not yet signed.
- The program has no fixed share count and no completion guarantee, and runs for 12 months from the effective date or until completion, whichever comes first.
- Riverview Bancorp, based in Vancouver, Washington, reported $1.47 billion in assets as of June 30, 2026, and operates 17 branches and three lending centers.
- President and CEO Nicole Sherman described the repurchase as a thoughtful use of excess capital that supports the long-term interests of shareholders.
$RVSB. A $4.0 million common stock repurchase program at Riverview Bancorp is in focus after the Vancouver, Washington company's Board of Directors adopted the authorization on August 20, 2026. The next step is a formal Rule 10b5-1 trading plan the Board authorized management to negotiate with Raymond James & Associates, Inc., which would let Riverview execute repurchases during periods when insider trading restrictions would otherwise bar open-market activity.
The program carries no fixed share count and no completion guarantee. Riverview may buy back shares in the open market at prevailing prices or through privately negotiated transactions. The company may suspend or discontinue it at any time, and the authorization runs for 12 months from the effective date, or until completion, whichever comes first, subject to market conditions.
Riverview Bancorp is the holding company parent of Riverview Bank and Riverview Trust Company, headquartered in Vancouver, Washington, just north of Portland on the I-5 corridor. The company reported $1.47 billion in assets as of June 30, 2026, operates 17 branches with 13 concentrated in the Portland-Vancouver metropolitan area, and runs three lending centers. Readers of The Vancouver Business Journal and The Columbian have named Riverview Best Bank for 12 consecutive years.
President and CEO Nicole Sherman, in the company's 8-K filing, described the repurchase as a thoughtful use of excess capital and cited the Board's confidence in the company's financial strength and capital management discipline. Sherman also said the company believes the program supports the long-term interests of shareholders.
What to watch
The Rule 10b5-1 arrangement with Raymond James & Associates, Inc. is what determines the program's execution cadence on the tape. The Board authorized the plan in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. Under the planned agreement, Raymond James would hold authority to repurchase shares on Riverview's behalf, within the plan's terms and limitations. That structure allows trades to proceed during company-imposed blackout periods or when Riverview may be in possession of material non-public information, windows that would otherwise restrict open-market buying under securities rules.
The agreement is not yet signed. The Board's August 20 action authorized management to enter into the plan, and the formal arrangement with Raymond James is the next concrete event for the tape.