Riverview Bancorp, Inc. (RVSB): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how a community-focused bank operates and thrives in today's financial landscape? Riverview Bancorp Inc. (RVSB), with a $414.5 million market capitalization as of January 2024, stands as a prime example, offering comprehensive banking services across Washington and Oregon. Delve into this article to explore Riverview Bancorp's history, its operational framework, and its strategies for generating revenue, and discover how it maintains a strong community banking presence with 32 locations across Washington and Oregon.

What makes Riverview Bancorp tick, and how has it managed to maintain a fair value, trading around $5.79 as of April 10, 2025? From its roots as a savings and loan holding company to its current structure with banking and trust/investment services, understanding its journey and ownership—where institutional investors hold approximately 65.72% of shares—provides key insights. Keep reading to uncover the mission, workings, and financial strategies that drive Riverview Bancorp, including its impressive $2.19 billion in total assets and $35.6 million in net income for 2023!

Riverview Bancorp, Inc. (RVSB) History

Riverview Bancorp, Inc. Founding Timeline

Year established

Riverview Bancorp, Inc. was established in 1923.

Original location

The company was originally located in Vancouver, Washington.

Founding team members

While specific founding team members are not detailed in the provided search results, the institution began as a mutual savings bank to serve the local community.

Initial capital/funding

Details regarding the initial capital or funding are not available within the provided search results. However, mutual savings banks typically start with community deposits and member contributions.

Riverview Bancorp, Inc. Evolution Milestones

Riverview Bancorp, Inc. Transformative Moments

• 1994: The conversion from a mutual savings bank to a stock ownership structure marked a pivotal shift, enabling Riverview Bancorp to raise capital more efficiently and pursue strategic growth opportunities.
• 2014: The acquisition of IMB was a transformative moment, significantly expanding Riverview's footprint and service capabilities. This move not only increased the company's asset base but also broadened its customer reach.
• 2021: The appointment of Kevin J. Lycklama as President and CEO represents a strategic decision to guide the company through evolving market dynamics and technological advancements. His leadership is expected to drive innovation and enhance shareholder value.
• Ongoing: Riverview Bancorp's commitment to community banking and customer service remains a core element of its identity, differentiating it in a competitive financial landscape. This dedication has fostered long-term relationships and sustained growth.

For more insights into Riverview Bancorp, Inc., explore: Exploring Riverview Bancorp, Inc. (RVSB) Investor Profile: Who’s Buying and Why?

Riverview Bancorp, Inc. (RVSB) Ownership Structure

Riverview Bancorp, Inc. features a blend of institutional, insider, and retail ownership, influencing its corporate governance and strategic direction.

Riverview Bancorp, Inc.'s Current Status

Riverview Bancorp, Inc. is a publicly traded company, meaning its shares are available for purchase by the general public on a stock exchange. As a publicly traded entity, RVSB is subject to regulatory oversight and reporting requirements, ensuring transparency and accountability to its shareholders. Further insights into the company's financial standing can be found at: Breaking Down Riverview Bancorp, Inc. (RVSB) Financial Health: Key Insights for Investors.

Riverview Bancorp, Inc.'s Ownership Breakdown

Riverview Bancorp, Inc.'s Leadership

Riverview Bancorp, Inc.'s leadership team is composed of experienced individuals who guide the company's strategy and operations. Key figures as of April 2025 include:

• Kevin J. Lycklama: President, Chief Executive Officer
• Irene E. Fraga: Executive Vice President, Chief Financial Officer
• Michelle L. Buker: Executive Vice President, Chief Risk Officer
• David R. Lamphere: Executive Vice President, Chief Lending Officer
• Michael S. Fowler: Executive Vice President, Retail Banking Director

These individuals hold significant responsibility for the financial performance, risk management, and overall strategic direction of Riverview Bancorp.

Riverview Bancorp, Inc. (RVSB) Mission and Values

Riverview Bancorp, Inc. aims to serve its clients and communities while upholding its core values. These values guide the company's operations and strategic decisions.

Riverview Bancorp, Inc.'s Core Purpose

Official mission statement

While specific official mission statements can evolve, here's a general understanding of what Riverview Bancorp, Inc.'s mission encompasses:

• To deliver sustainable value to shareholders through a community-focused banking model.
• To provide exceptional customer service and build long-term relationships.
• To support local economic growth and community development.

Vision statement

Riverview Bancorp, Inc.'s vision reflects its aspirations for the future:

• To be the leading community bank in the Pacific Northwest, recognized for its financial strength, customer loyalty, and community impact.
• To create a positive and rewarding work environment for employees, fostering professional growth and development.
• To embrace innovation and technology to enhance the customer experience and operational efficiency.

Company slogan/tagline

As of April 2025, Riverview Bancorp, Inc. uses variations of slogans and taglines that emphasize community and customer relationships.

• 'Your Hometown Bank.'
• 'Community Banking Done Right.'

To delve deeper into the company's mission, vision, and core values, explore: Mission Statement, Vision, & Core Values of Riverview Bancorp, Inc. (RVSB).

Riverview Bancorp, Inc. (RVSB) How It Works

Riverview Bancorp, Inc. operates as the holding company for Riverview Community Bank, providing a range of banking services to individuals, businesses, and nonprofit organizations primarily in the state of Washington.

Riverview Bancorp, Inc.'s Product/Service Portfolio

Riverview Bancorp, Inc.'s Operational Framework

Riverview Bancorp, Inc. focuses on building strong relationships with its customers by providing personalized service and local expertise. The bank operates through a network of branches and digital channels, emphasizing community involvement and support for local initiatives.

• Deposit Gathering: Attracts deposits through various checking, savings, and money market accounts.
• Loan Origination: Underwrites and originates commercial, residential, and consumer loans.
• Customer Service: Provides customer support through branches, online platforms, and mobile applications.
• Risk Management: Manages credit, interest rate, and operational risks to ensure financial stability.
• Community Engagement: Actively participates in local events and supports community organizations.

Learn more about Riverview Bancorp, Inc. in this related article: Exploring Riverview Bancorp, Inc. (RVSB) Investor Profile: Who’s Buying and Why?

Riverview Bancorp, Inc.'s Strategic Advantages

• Strong Community Focus: Deep roots in the local communities it serves, fostering customer loyalty.
• Experienced Management Team: Leadership with extensive banking and financial expertise.
• Conservative Credit Culture: Prudent underwriting practices that minimize loan losses.
• Efficient Operations: Focus on cost control and operational efficiency to maximize profitability.
• Technology Investments: Investments in digital banking and technology to enhance customer experience.

Riverview Bancorp, Inc. (RVSB) How It Makes Money

Riverview Bancorp, Inc. primarily makes money through traditional banking activities, such as collecting interest on loans and investments.

Riverview Bancorp's Revenue Breakdown

Riverview Bancorp's revenue is derived from interest income, service fees, and other operating revenue. A detailed breakdown is not available in the provided search results.

Riverview Bancorp's Business Economics

Riverview Bancorp operates under a traditional banking model, focusing on:

• Net Interest Income: The difference between revenue generated from interest-bearing assets and the expenses associated with paying out interest.
• Non-Interest Income: Income from sources like service fees, which supplement the revenue generated from interest income.

Riverview Bancorp's Financial Performance

Analyzing Riverview Bancorp's financial performance involves looking at key metrics that reflect the bank's profitability, efficiency, and stability. Here are some important considerations:

• Net Interest Margin (NIM): A measure of how successful a bank is at its lending and investment activities.
• Efficiency Ratio: Indicates how well a bank controls its overhead expenses.
• Return on Assets (ROA): Shows how profitable a bank is relative to its total assets.
• Return on Equity (ROE): Measures how effectively a bank is using shareholders' money to generate profits.

To gain more insights into Riverview Bancorp's financial health, refer to this analysis: Breaking Down Riverview Bancorp, Inc. (RVSB) Financial Health: Key Insights for Investors

Riverview Bancorp, Inc. (RVSB) Market Position & Future Outlook

As of April 2025, Riverview Bancorp, Inc. faces a dynamic market landscape, requiring it to leverage its strengths while navigating emerging challenges to maintain and enhance its market position. The company's future outlook hinges on its ability to capitalize on opportunities while mitigating potential risks.

Competitive Landscape

Opportunities & Challenges

Industry Position

Riverview Bancorp operates as a community-focused bank, which gives it a unique position within its market. This position is characterized by:

• Strong local presence: Riverview Bancorp benefits from deep roots in the communities it serves, fostering strong customer relationships and brand loyalty.
• Customer-centric approach: The bank emphasizes personalized service and local decision-making, differentiating itself from larger, more bureaucratic institutions.
• Conservative lending practices: Riverview Bancorp maintains a disciplined approach to lending, prioritizing asset quality and minimizing risk.

To learn more about the investors of Riverview Bancorp, Inc., check this out: Exploring Riverview Bancorp, Inc. (RVSB) Investor Profile: Who’s Buying and Why?