VANCOUVER, Wash., July 16, 2010 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq:RVSB) ("Riverview" or "Company"), the holding company for Riverview Community Bank, today announced that it has commenced an underwritten public offering of 8,368,201 shares of its common stock. Based on the closing price of the Company's common stock on July 13, 2010, the offering would result in gross proceeds to the Company of approximately $20.0 million. The Company expects to use the net proceeds from the offering to support the growth and related capital needs of Riverview Community Bank, with any remainder for general working capital purposes.
Riverview Bancorp Announces Commencement Of Common Stock Offering
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