What is the authorization amount and timeline for this repurchase program?

Riverview Bancorp authorized $4.0 million for repurchase of its common stock. The program remains in effect until the earlier of its completion or 12 months after the effective date, subject to market conditions.

What is a Rule 10b5-1 trading plan and why would Riverview use one?

A Rule 10b5-1 plan is a pre-arranged trading authorization that allows a company to repurchase shares during periods when it may possess material non-public information or during imposed trading blackout periods. This provides more consistent and flexible execution while adhering to insider trading regulations.

Is Riverview required to complete the full $4 million authorization?

No. The Company stated there is no guarantee as to how many shares will ultimately be repurchased. Riverview may suspend or discontinue the repurchase program at any time, making execution discretionary rather than mandatory.

How does this $4 million authorization compare to Riverview's size?

As of June 30, 2026, Riverview had $1.47 billion in total assets, making the $4 million authorization approximately 0.27% of assets. This represents a modest capital return reflecting a disciplined approach to managing excess capital.

RVSB 8-K Filed 2026-08-27 New authorization

Riverview Bancorp authorizes $4M stock repurchase program

Board approves buyback with 12-month window; Rule 10b5-1 trading plan authorized with Raymond James

Authorization$4M

MechanismRule 10b5-1 plan and open-mark

What the filing says

Riverview Bancorp, Inc. (RVSB) announced on August 26, 2026, that its Board of Directors adopted a stock repurchase program on August 20, 2026, authorizing the Company to repurchase up to $4.0 million of its outstanding common stock. Repurchases may be executed in the open market at prevailing prices or through privately negotiated transactions, with the program remaining in place until the earlier of completion or 12 months after the effective date.

The Board also authorized management to enter into a Rule 10b5-1 trading plan with Raymond James & Associates, Inc. to facilitate repurchases. The 10b5-1 plan permits the Company to execute trades during periods when it might otherwise be restricted due to possession of material non-public information, insider trading laws, or Company-imposed trading blackout periods. Under the plan, Raymond James would have authority to repurchase shares on the Company's behalf, subject to the plan's terms and limitations.

CEO Nicole Sherman stated the authorization reflects "the Board's confidence in the Company's financial strength, disciplined capital management and future opportunities." The Company noted that there is no guarantee as to the number of shares ultimately repurchased, and the program may be suspended or discontinued at any time.

The Company may repurchase up to $4.0 million of the Company's outstanding shares of common stock, in the open market, based on prevailing market prices, or in privately negotiated transactions. Once effective, the repurchase program will remain in place until the earlier of its completion or 12 months after the effective date, subject to market conditions. — RIVERVIEW BANCORP INC 8-K filing · View on SEC EDGAR →

What this means

Riverview Bancorp's $4 million authorization represents a modest capital return relative to the Company's $1.47 billion in assets (as of June 30, 2026). The 12-month window and Rule 10b5-1 structure provide operational flexibility for execution during blackout periods or when insider information may restrict open-market trading. The authorization signals management confidence in capital adequacy and reflects a disciplined approach to returning excess capital while maintaining operational flexibility. No execution has yet occurred under this newly authorized program.

Frequently asked questions

What is the authorization amount and timeline for this repurchase program?: Riverview Bancorp authorized $4.0 million for repurchase of its common stock. The program remains in effect until the earlier of its completion or 12 months after the effective date, subject to market conditions.
How will Riverview execute the repurchases under this program?: Repurchases may be executed in the open market at prevailing prices or through privately negotiated transactions. Additionally, a Rule 10b5-1 trading plan with Raymond James & Associates, Inc. permits execution during periods when the Company would otherwise be restricted due to insider trading laws or blackout periods.
What is a Rule 10b5-1 trading plan and why would Riverview use one?: A Rule 10b5-1 plan is a pre-arranged trading authorization that allows a company to repurchase shares during periods when it may possess material non-public information or during imposed trading blackout periods. This provides more consistent and flexible execution while adhering to insider trading regulations.
Is Riverview required to complete the full $4 million authorization?: No. The Company stated there is no guarantee as to how many shares will ultimately be repurchased. Riverview may suspend or discontinue the repurchase program at any time, making execution discretionary rather than mandatory.
How does this $4 million authorization compare to Riverview's size?: As of June 30, 2026, Riverview had $1.47 billion in total assets, making the $4 million authorization approximately 0.27% of assets. This represents a modest capital return reflecting a disciplined approach to managing excess capital.

authorization rule-10b5-1 community-bank open-market 12-month-window

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.