VANCOUVER, Wash.--(BUSINESS WIRE)--June 17, 2004--Riverview
Bancorp, Inc. (Nasdaq:RVSB) announced its Board of Directors declared
a $0.155 per share cash dividend to be paid July 15, 2004 to
shareholders of record on June 30, 2004. This represents a 10.7%
increase over the previous quarter's cash dividend.
"This increase in our cash dividend reflects our strong
performance in fiscal year 2004 and our expectation of continued
success in 2005," said Pat Sheaffer, Chairman and CEO. "This is our
27th consecutive cash dividend and represents a 3.14% yield on the
recent price."
Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered
in Vancouver, Washington -- just north of Portland, Oregon on the I-5
corridor. It is the parent company of the 81 year-old Riverview
Community Bank, as well as Riverview Mortgage and Riverview Asset
Management Corp. There are 13 Southwest Washington branches, including
nine in Clark County -- the second fastest growing county in the
state, and one lending center. The bank offers true community banking
services, focusing on providing the highest quality service and
financial products to commercial and retail customers.
Statements concerning future performance, developments or events,
concerning expectations for growth and market forecasts, and any other
guidance on future periods, constitute forward-looking statements,
which are subject to a number of risks and uncertainties that might
cause actual results to differ materially from stated objectives.
These factors include but are not limited to: RVSB's ability to
maintain current dividend payments or increase dividend payouts to
shareholders, regional economic conditions and the company's ability
to efficiently manage expenses. Additional factors that could cause
actual results to differ materially are disclosed in Riverview
Bancorp's recent filings with the SEC, including but not limited to
Annual Reports on Form 10-K, quarterly reports on Form 10-Q and
current reports on Form 8-K.
CONTACT: Riverview BancorpPat Sheaffer or Ron Wysaske, 360-693-6650
SOURCE: Riverview Bancorp