Riverview Bank Announces Strategic Balance Sheet Optimization
Riverview Bancorp, Inc. announced a strategic balance sheet optimization involving the reclassification of its held-to-maturity securities to available-for-sale securities and selling $149.3 million of lower-yielding bonds, incurring an estimated pre-tax loss of $11.4 million. The company plans to reinvest proceeds into higher-yielding assets, supp…