VANCOUVER, Wash., Aug. 3, 2010 (GLOBE NEWSWIRE) -- Riverview Bancorp, Inc. (Nasdaq:RVSB) ("Riverview" or the "Company"), the holding company for Riverview Community Bank ("Bank"), announced today that it has raised approximately $18 million through its previously announced public offering by issuing 10,041,841 shares of the Company's common stock at a public offering price of $1.80 per share. The net proceeds to the Company after deducting underwriting discounts and commissions and estimated offering expenses are expected to be $16.3 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, which may include quarterly payments of interest on the Company's junior subordinated debentures.
Riverview Bancorp, Inc. Announces Closing Of $18 Million Public Offering Of Common Stock
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