RIVERVIEW BANCORP, INC. (NASDAQ:RVSB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

ME Staff 8-k
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RIVERVIEW BANCORP, INC. (NASDAQ:RVSB) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

Item 5.02

Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers.
(a) On May 23, 2017, Director James M. Chadwick resigned from the
Boards of Directors of Riverview Bancorp, Inc. (“Company”) and
its wholly-owned subsidiary, Riverview Community Bank (“Bank”).
Mr. Chadwick’s resignation letter, which is attached hereto as
Exhibit 99.1 and incorporated herein by reference, did not cite
any disagreement with the Company pertaining to the Company’s
operations, policies or practices. Mr. Chadwick served as a
director of the Company and the Bank since August 2015 and as a
member of the Risk Management Committee.
Item 5.03 Amendments to Articles of Incorporation or Bylaws;
Change in Fiscal Year.
(a) On May 24, 2017 the Board of Directors amended Section 2 of
Article III of the Company’s Bylaws to reduce the size of the
Board from ten to nine members. A copy of the Company’s Bylaws
as amended is attached as an exhibit to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being furnished herewith and this list
shall constitute the exhibit index:
Exhibit Number
Description
3.2
Amended and Restated Bylaws of Riverview Bancorp, Inc.
99.1
Resignation letter from James M. Chadwick dated May 23,
2017


About RIVERVIEW BANCORP, INC. (NASDAQ:RVSB)

Riverview Bancorp, Inc. (Riverview) is a savings and loan holding company of Riverview Community Bank (the Bank). The Company operates through two segments, which include banking operations performed by the Bank and trust and investment services performed by Riverview Asset Management Corp. (RAMCorp). The Company is engaged in the business of attracting deposits from the general public and using such funds in its primary market area to originate commercial business, commercial real estate, multi-family real estate, land, real estate construction, residential real estate and other consumer loans. Additionally, RAMCorp offers trust and investment services. Riverview Mortgage, a mortgage broker division of the Bank, originates mortgage loans for various mortgage companies in the Vancouver/Portland metropolitan areas, as well as for the Bank. The Bank’s Business and Professional Banking Division offers commercial and business banking services. It operates from over 20 branch offices.

RIVERVIEW BANCORP, INC. (NASDAQ:RVSB) Recent Trading Information

RIVERVIEW BANCORP, INC. (NASDAQ:RVSB) closed its last trading session down -0.01 at 6.74 with 121,636 shares trading hands.