other material
confidence high
sentiment positive
materiality 0.60
Riverview Bancorp authorizes $4.0 million stock repurchase program
RIVERVIEW BANCORP INC
- Board authorized repurchase of up to $4.0 million of common stock in open market or private transactions.
- Repurchase program will continue until completion or 12 months, depending on market conditions.
- Management authorized to enter Rule 10b5-1 trading plan with Keefe, Bruyette & Woods to facilitate repurchases.
- CEO Nicole Sherman stated the buyback reflects disciplined capital deployment and commitment to shareholder value.
- No guaranteed number of shares will be repurchased; program may be suspended or discontinued at any time.