Riverview Bancorp suspends quarterly cash dividend

Riverview Bancorp will not pay a third-quarter dividend to shareholders, after more than a decade of making cash dividend payments, the parent company of Vancouver-based Riverview Community Bank announced today. The move will help Riverview prepare to take advantage of opportunities that present themselves as the economy begins to recover, Chief Executive Officer Pat Sheaffer said in a statement. Riverview, which is well-capitalized by federal standards, plans to release its fiscal third quarter results on Jan. 29.