Riverview Bank reclassifies securities portfolio, sells $149.3 million bonds
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Riverview Bank Announces Strategic Balance Sheet Optimization
March 25, 2026 9:00 AM EDTVANCOUVER, Wash., March 25, 2026 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (Riverview or the Company), parent company of Riverview Bank (the Bank) implemented a strategic balance sheet optimization. This included the reclassification of its entire held-to-maturity (HTM) securities to available-for-sale (AFS) securities. After the reclassification, Riverview sold $149.3 million in lower-yielding book value investment securities, with an average yield of 1.62%, for an estimated pre-tax loss of $11.4 million. A targeted approach was used to identify lower-yielding bonds, balancing the respective loss in relation to its book value. The goal was to minimize the loss while maximizing proceeds... More
