-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 WNaEfSN/lTXPcPQfHrazs+s2hYhwuWESJ+4nVlbHYy+ec4HQvRCwSpb5oUirbk+4
 Ab9tTTDwG1JlSdHD65GLBA==

<SEC-DOCUMENT>0000939057-05-000014.txt : 20050120
<SEC-HEADER>0000939057-05-000014.hdr.sgml : 20050120
<ACCEPTANCE-DATETIME>20050120145042
ACCESSION NUMBER:		0000939057-05-000014
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050120
ITEM INFORMATION:		Material Impairments
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050120
DATE AS OF CHANGE:		20050120

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			RIVERVIEW BANCORP INC
		CENTRAL INDEX KEY:			0001041368
		STANDARD INDUSTRIAL CLASSIFICATION:	SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
		IRS NUMBER:				911838969
		STATE OF INCORPORATION:			WA
		FISCAL YEAR END:			0331

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22957
		FILM NUMBER:		05538490

	BUSINESS ADDRESS:	
		STREET 1:		900 WASHINGTON STREET
		STREET 2:		SUITE 900
		CITY:			VANCOUVER
		STATE:			WA
		ZIP:			98660
		BUSINESS PHONE:		360-693-6650

	MAIL ADDRESS:	
		STREET 1:		900 WASHINGTON STREET
		STREET 2:		SUITE 900
		CITY:			VANCOUVER
		STATE:			WA
		ZIP:			98660
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>k8mi.htm
<DESCRIPTION>RIVERVIEW BANCORP, INC. FORM 8-K
<TEXT>
<HTML>

<TABLE BORDER="0" WIDTH="671" cellspacing="0" cellpadding="0" style="border-collapse: collapse" bordercolor="#111111">
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"><FONT FACE="Times New Roman"><STRONG>UNITED STATES</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"><FONT FACE="Times New Roman"><STRONG>SECURITIES AND EXCHANGE COMMISSION</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"><FONT FACE="Times New Roman"><STRONG>Washington, D.C. 20549</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"></STRONG></FONT><FONT FACE="Times New Roman" SIZE="+2"><STRONG>FORM 8-K</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"></STRONG></FONT><FONT FACE="Times New Roman"><STRONG>CURRENT REPORT</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"><FONT FACE="Times New Roman"><STRONG>Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"></FONT><FONT FACE="Times New Roman">Date of Report (Date of earliest event reported):
  <strong>January 20, 2005</strong></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"></FONT><FONT FACE="Times New Roman" SIZE="+2"><STRONG>Riverview Bancorp, Inc.</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"><FONT FACE="Times New Roman">(Exact name of registrant as specified in its charter)</FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="253"></FONT><FONT FACE="Times New Roman"><STRONG>Washington</STRONG></FONT></TD>
<TD ALIGN="CENTER" width="172"><STRONG>0-22957</STRONG></TD>
<TD ALIGN="CENTER" width="246"><STRONG> 91-1838969</STRONG></TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="253"><FONT FACE="Times New Roman">(State or other jurisdiction</FONT></TD>
<TD ALIGN="CENTER" width="172"><FONT FACE="Times New Roman">(Commission</FONT></TD>
<TD ALIGN="CENTER" width="246"><FONT FACE="Times New Roman">(IRS Employer</FONT></TD></TR>
<TR VALIGN="TOP"><TD ALIGN="CENTER" width="253"><FONT FACE="Times New Roman">of incorporation)</FONT></TD>
<TD ALIGN="CENTER" width="172"><FONT FACE="Times New Roman"> File Number)</FONT></TD>
<TD ALIGN="CENTER" width="246"><FONT FACE="Times New Roman">Identification No.)</FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="2" width="425">
<P ALIGN="CENTER"></FONT><STRONG>900 Washington Street, Suite 900, Vancouver, Washington</STRONG></TD>
<TD ALIGN="CENTER" width="246"><FONT FACE="Times New Roman"><STRONG>98660</STRONG></FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="2" width="425"><FONT FACE="Times New Roman">
<P ALIGN="CENTER">(Address of principal executive offices)</FONT></TD>
<TD ALIGN="CENTER" width="246"><FONT FACE="Times New Roman">(Zip Code)</FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"></FONT><FONT FACE="Times New Roman">Registrant's telephone number (including area code): </FONT><STRONG>(360) 693-6650</STRONG></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" ALIGN="CENTER" width="671"></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671"></FONT><FONT FACE="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing
obligation of the registrant under any of the following provisions.</FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671"></FONT><FONT FACE="Times New Roman">	[&nbsp;
  ]&nbsp;	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671"></FONT><FONT FACE="Times New Roman">	[&nbsp;
  ]&nbsp;	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671"></FONT><FONT FACE="Times New Roman">	[&nbsp;
  ]&nbsp;	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
240.14d-2(b))</FONT></TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671">&nbsp;</TD></TR>
<TR VALIGN="TOP"><TD COLSPAN="3" width="671"></FONT><FONT FACE="Times New Roman">	[&nbsp;
  ]&nbsp;	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
240.13e-4(c))</FONT></TD></TR></TABLE>


</P>
&nbsp;<p>&lt;PAGE&gt;<BR WP="BR1"><BR WP="BR2">
</p>
<P><FONT FACE="Times New Roman"><STRONG><U>Item 2.06 Material Impairments</U></STRONG></FONT><FONT FACE="Times New Roman"><U></U></FONT></P>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <FONT FACE="Times New Roman">	On January 20, 2005, Riverview Bancorp, Inc. issued a press release announcing that it
intends to record an other-than-temporary impairment charge related to Fannie Mae and Freddie Mac
preferred stock held in its available for sale investment portfolio for the quarter ended December 31,
2004.  The other-than-temporary-impairment totals approximately $890,000, after-tax, or $0.18 per
diluted share.</FONT><P><FONT FACE="Times New Roman">	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;	For additional information, reference is made to the press release attached hereto as Exhibit
99.1 and incorporated herein by reference.</FONT></P>

<P><FONT FACE="Times New Roman"><STRONG><U>Item 9.01  Financial Statements and Exhibits</U></STRONG></FONT><FONT FACE="Times New Roman"><U></U></FONT></P>

<P><FONT FACE="Times New Roman">	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;	(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits</FONT></P>

<P><FONT FACE="Times New Roman">	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;	99.1&nbsp;&nbsp;&nbsp;&nbsp; Press Release of Riverview Bancorp, Inc. dated January 20, 2005.</FONT></P>

&nbsp;<p>&lt;PAGE&gt;<BR WP="BR1"><BR WP="BR2">
&nbsp;</p>
<CENTER><U>SIGNATURES</U></CENTER>
</P>

<P><CENTER>
<p></p>
</CENTER>
</P>

<BR WP="BR1">
<P>	&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;	Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly
caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.</P>

<P>						&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;						RIVERVIEW BANCORP, INC.</P>

<BR WP="BR2">
<BR WP="BR1">DATE: January 20, 2005&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:	<U>/s/Ronald Dobyns&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;                                                 </U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Ronald Dobyns<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Senior Vice President and Chief Financial Officer</P>

<BR WP="BR1">
<p>&lt;PAGE&gt;</p>
<p><BR WP="BR2">
</p>
<P><STRONG><CENTER>Exhibit 99.1</CENTER></STRONG></P>

<p>&nbsp;</p>
<p>&lt;PAGE&gt;</p>

<FONT FACE="Times New Roman">
<P>&nbsp;</P>


<P>RIVERVIEW BANCORP&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;
THE CEREGHINO GROUP</P>


<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Corporate Investor Relations<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
5333 - 15th Avenue South, Suite 1500 <br>
Contacts:&nbsp; Pat Sheaffer or Ron Wysaske,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Seattle, WA 98108<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Riverview Bancorp 360-693-6650&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206.762.0993<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp; www.stockvalues.com </P>


</FONT><FONT FACE="Times New Roman" SIZE=1>
</FONT><P></P>
<P></P>
<P></P>
<P></P>
<hr NOSHADE>

<B><U><P ALIGN="CENTER">RIVERVIEW BANCORP TO REPORT NON-CASH CHARGE IN FISCAL THIRD QUARTER 2005 RELATED TO FNMA AND FHLMC PREFERRED STOCK</P>
</B></U>
<P>Vancouver, WA - January 20, 2005 - Riverview Bancorp, Inc. (Nasdaq: RVSB) today announced that it intends to record an other-than-temporary non-cash, non-operating impairment charge of approximately $890,000 after-tax, or $0.18 per diluted share, in fiscal third quarter 2005 ended December 31, 2004, related to certain Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) preferred stock that it holds. </P>

<P>Riverview holds these investment grade securities as part of its available for sale investment portfolio.  Under Generally Accepted Accounting Principles the market devaluations have been recorded as a reduction in comprehensive income.  Bank management has been closely following the market valuations of these securities and recent financial news on these agencies, and has concluded that these securities are other-than-temporarily impaired under guidance provided by Financial Accounting Standards Board (FASB) 115.</P>

<P>&quot;We are simply making an 'abundance of caution' move as we do not believe the non-cash impairment charge reflects the true long-term value of these investments,&quot; said Pat Sheaffer, Chairman and CEO.  &quot;We believe this is the conservative interpretation of current accounting standards.&quot; </P>

<P>&quot;We look forward to continuing to deliver strong results to our shareholders and to the communities we serve.  We believe this adjustment at this time eliminates uncertainty about the potential future effects of either of these issues,&quot; Sheaffer added.</P>

<P>Riverview Bancorp, Inc. (<U>www.riverviewbank.com</u>) is headquartered in Vancouver, Washington - just north of Portland, Oregon on the I-5 corridor.  It is the parent company of the 81 year-old Riverview Community Bank, as well as Riverview Mortgage and Riverview Asset Management Corp.  There are 13 Southwest Washington branches, including nine in Clark County - the second fastest growing county in the state, and one lending center.  The bank offers true community banking services, focusing on providing the highest quality service and financial products to commercial and retail customers.  The company recently announced the signing of a definitive merger agreement with American Pacific Bank (Nasdaq: AMPB), a Portland, Oregon bank with assets of $125 million.  Pending regulatory and shareholder approvals, the company expects to close the transaction within the first calendar quarter of 2005.</P>

<I><FONT SIZE=2><P>Statements concerning future performance, developments or events, concerning expectations for growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements, which are subject to a number of risks and uncertainties that might cause actual results to differ materially from stated objectives.  These factors include but are not limited to: RVSB's ability to maintain current dividend payments or increase dividend payouts to shareholders, regional economic conditions and the company's ability to efficiently manage expenses.  Additional factors that could cause actual results to differ materially are disclosed in Riverview Bancorp's recent filings with the SEC, including but not limited to Annual Reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. </P>
</I></FONT><P>Note:  Transmitted on Business Wire on January 20, 2005 at 5:00 a.m. PST.  </P>
</BODY>
<p>&lt;PAGE&gt;</p>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
