Riverview Bancorp third fiscal quarter earnings of $1.1M; credit quality continues to improve

by DIwpBacon on January 30, 2015

Riverview Bank blue

Riverview Bancorp, Inc.(“Riverview” or the “Company”) has reported that it earned $1.1 million, or $0.05 per diluted share, in the third fiscal quarter ended December 31, 2014, compared to $1.1 million, or $0.05 per diluted share, in the preceding quarter and $801,000, or $0.04 per diluted share, in its third fiscal quarter a year ago.

Net loans increased $26.6 million during the quarter to $567.4 million at December 31, 2014, compared to $540.8 million the previous quarter and $505.6 million a year ago. This represented the fourth consecutive quarter of net loan growth and the largest quarterly growth during the last several years.

“Strong, smart growth in our loan portfolio is a key driver to our profitability,” says Ron Wysaske, president and chief operating officer. “Our market contains one of the fastest recovering economies in the country and our lending teams are taking advantage of those opportunities. As a result we saw growth in nearly every loan category while strengthening our overall asset quality.”

Loan originations totaled $36.3 million during the quarter and there was $51.8 million in the loan pipeline at December 31, 2014. At quarter end, there were $17.0 million in undisbursed construction loans and the bulk will likely fund over the next several quarters. Learn more about Riverview at www.riverviewbank.com.



Confluence and NPS partner on a new exhibit at Pearson Airport headquarters

by DIwpBacon on January 30, 2015

One of the panes of the exhibit. Photo courtesy of Confluence Project.

Confluence, in cooperation with the National Park Service at Fort Vancouver National Historic Site (NPS), has announced the addition of a new exhibit in the lobby of the Pearson Headquarters Building located just west of Pearson Air Museum at 1109 E. Fifth St. Although there are no official hours, the exhibit is generally available for public viewing during Confluence’s operations, Monday through Friday, from 9 a.m. to 4 p.m.

The new exhibit, News Aloft, focuses on the history of former Oregonian newspaper editor, Leverett G. Richards. A series of six exhibit panels lines the walls of the lobby, and interpret Mr. Richards’ love of flying and the aviation influence on his journalism, as well as the history of the Pearson Headquarters Building, and the Civilian Conservation Corps. The exhibit was designed by historian Mary Rose and sponsored by Steve and Jan Oliva.

“This is yet another way that Confluence connects people to place through art and education,” says Confluence Executive Director, Colin Fogarty. “We appreciate our partnership with NPS because it allows both organizations to provide greater public access to these amazing historic spaces.”

The Pearson Headquarters Building was constructed by the U.S. Army’s Spruce Production Division in 1918 as the Finance Office for the World War I Vancouver Cut Up Mill, and it is the only surviving structure of that complex. The structure was rehabilitated by the National Park Service and the City of Vancouver in 2001, and currently serves as the office space for Confluence.

“ABC’s of Building an Elder Justice Center” Feb. 11


Click here to register!

The Friends of the Elder Justice Center will continue its work to prevent the abuse and exploitation of vulnerable adults by co-hosting a conference for educators, caregivers, and advocates interested in elder justice. This will be the fifth annual vulnerable adult abuse conference, which is also intended to create awareness of vulnerable adult issues and advance prevention efforts in the future.

The conference,” ABC’s of Building an Elder Justice Center,” is designed specifically for law enforcement officers, adult protective services, attorneys, elder advocates, guardians, social workers, healthcare professionals, those in banking, and case managers. 5 CLE’s will be offered for attorneys and 5 CEU’s for guardians.

The conference is scheduled for Wednesday, Feb. 11, from 8 a.m. to 4:30 p.m., at PeaceHealth Medical Center. Registration and breakfast begins at 7:30 a.m. The event is $30 per person. There is no charge for adult protective services and for law enforcement officers. This does not include prosecutors. For more information about the event or Friends of the Elder Justice Center, click here.

Valentine’s Day with Norman Sylvester and more Feb. 14


All are welcome to a Valentine’s Day musical extravaganza to benefit the Clark County Veterans Garden on Saturday, Feb. 14, from 3 to 8 p.m., at Clark College. Tickets are $25 in advance, $30 at the door. Unlimited appetizers, beverages and desserts are included. Musical guests include:

3 p.m.   Art Miller ~ Ragtime and Blues
4 p.m.   Eric John Kaiser ~ Parisian Americana
5 p.m.   Amber Sweeney ~ Moda Center and Hard Rock Café performer
6 p.m.   Norman Sylvester ~ Music Hall of Famer appearing with Sarah Billings
7 p.m.   The Ricky Lee Jackson Band featuring Shawna Quade ~ Country and Pop
Also making a special appearance will be vocalist Rachel Len of the Fargher Lake area.

Tickets are available at at Beacock Music, Hazel Dell Animal Hospital, all Riverview Bank branches and online at www.ClarkCountyVetsCourtBoard.org/events. For VIP Tables of eight for $200, contact Lisa Biffle at 360-907-2391. This event is co-sponsored by the Vets Court Board and the Clark College Veterans Resource Center. Learn more about the Veterans Garden here.





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