UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): January 9, 2025

RIVERVIEW BANCORP, INC.
(Exact name of registrant as specified in its charter)

 
Washington
  
000-22957
  
91-1838969
 
(State or other jurisdiction
of incorporation)
  
(Commission
File Number)
  
(I.R.S. Employer
Identification No.)

 
900 Washington Street, Suite 900, Vancouver, Washington
  
98660
 
(Address of principal executive offices)
  
(Zip Code)

Registrant’s telephone number, including area code:  (360)693-6650

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.
 
☐      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
☐       Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
☐        Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

  Title of each class 
 
Trading Symbol(s) 
 
 Name of each exchange on which registered
Common Stock, Par Value $0.01 per share
 
RVSB 
 
The NASDAQ Stock Market LLC
  
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 9, 2025, Riverview Bancorp, Inc. (the “Company”) and its wholly-owned subsidiary, Riverview Bank (the “Bank”) announced that Charmaine Lightheart was promoted to Executive Vice President and Chief Retail and Digital Engagement Officer and will oversee retail banking and digital engagement at the Bank. Ms. Lightheart’s background, reference is made to the press release dated January 9, 2025, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.

There are no family relationships between Ms. Lightheart and any director or other executive officer of the Company or the Bank and Ms. Lightheart was not promoted pursuant to any arrangement or understanding with any person. Ms. Lightheart has not engaged in any transaction with the Company or the Bank that would be reportable as a related party transaction under the rules of the Securities Exchange Commission.

Item 9.01  Financial Statements and Exhibits.

(d)   Exhibits

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
RIVERVIEW BANCORP, INC.
 
 
   
Date:  January 10, 2025 
/s/ David Lam                                            
 
David Lam
 
Chief Financial Officer
(Principal Financial Officer)


Exhibit 99.1
 

Contact:         Denise Barr
SVP/Marketing Strategist
(360) 903-8250



Charmaine Lightheart named EVP/Chief Retail and Digital Engagement Officer

Vancouver, WA – January 9, 2025 – Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) is pleased to announce that Charmaine Lightheart has been named EVP/Chief Retail and Digital Engagement Officer for Riverview Bank. Charmaine has spent nearly 20 years at all levels of banking, where she has served as a branch manager and leader of treasury management working her way to Regional Manager, Senior Vice President, and Director roles.  Charmaine has built her career at First Independent Bank, Sterling Bank, Heritage Bank and most recently, two years at Riverview Bank as Senior Vice President, Director of Retail Services.

“We are thrilled to name Charmaine to Executive Vice President, recognizing her exceptional leadership and commitment to fostering innovation in retail banking and client services. Her vision and dedication to employees and clients are paramount in deepening relationships and making a meaningful difference in the communities we serve,” said Nicole Sherman, CEO/President of Riverview Bank.

Outside of her professional career, Charmaine is committed to her community. She is actively involved in her children’s school within the Camas School District. She has served on various community steering committees and boards.  Charmaine currently serves on the Board of Directors for NW Furniture Bank, contributing her strategic insight to drive organizational growth and direction.
Charmaine holds a Master of Business Administration Management and is a graduate of the Pacific Coast Banking School. Her leadership, commitment to building strong teams, and dedication to both professional and community success make her a respected figure in the banking industry.
“I am thrilled to embark on my new role as EVP/Chief Retail and Digital Engagement Officer at Riverview Bank, where I have the incredible opportunity to contribute to strengthening our vibrant community. With a passion for serving both employees and clients, I am committed to helping them thrive and achieve success. It’s a privilege to be part of a community -focused bank that is deeply committed to fostering growth and success for everyone it serves,” said Charmaine Lightheart.
Charmaine lives in Camas, Washington with her husband and two daughters. You can find the Lightheart family enjoying many aspects of their community and on the quest for the perfect pizza.

###


About the Company
Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland, Oregon, on the I-5 corridor. With assets of $1.55 billion on September 30, 2024, it is the parent company of Riverview Bank, as well as Riverview Trust Company. The Bank offers true community banking services, focusing on providing the highest-quality service and financial products to commercial, business, and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. For the past 11 years, Riverview has been named Best Bank by the readers of The Columbian.
This press release contains statements that the Company believes are “forward-looking statements.” These statements relate to the Company’s financial condition, results of operations, plans, objectives, future performance or business. You should not place undue reliance on these statements, as they are subject to risks and uncertainties. When considering these forward-looking statements, you should keep in mind these risks and uncertainties, as well as any cautionary statements the Company may make. Moreover, you should treat these statements as speaking only as of the date they are made and based only on information then actually known to the Company.


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