Riverview Bancorp, Inc. Elects Gerald L. Nies Chairman of the Board
September 22 2020 - 6:05PM
Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (the "Company"), the
holding company for Riverview Community Bank, (the "Bank" and
collectively "Riverview"), announced the Board of Directors elected
at the Annual Reorganizational Meeting Gerald L. Nies Chairman of
the Board for the Company and the Bank, succeeding retiring Patrick
Sheaffer.
Also elected at the meeting were Bradley
Carlson, Board Vice Chair, Patricia Eby, Audit Committee Chair,
David Nierenberg, Nominating/Governance Committee Chair and Bess
Wills, Compensation Committee Chair.
Mr. Nies joined the Riverview Board in 2009 and
has served as Vice Chair since 2015. He was President and Chief
Executive Officer of Nies Insurance Agency from 1985 to 2011 and
was Past Chairman of the Independent Insurance Agents and Brokers
Technology committee. Mr. Nies was a recipient of the Don C. Burnam
Award for outstanding service to the insurance industry. He
attended Western Washington University and has served with many
organizations, including:
- Washington Independent Agents Association - Board member
- National Agent Advisory Council for Safeco Insurance -
President
- Clark County Emergency Medical Services Administrative Board -
Board member
- City of Battle Ground - Council Member and Fire Chief
Mr. Nies' diverse career has afforded him
expertise in managing financial and operational aspects of business
and customer relations.
Pat Sheaffer, who joined the Bank in 1963, will
remain on the Board as a Director. "On behalf of the Board, our
employee-owners, clients and communities, we want to thank Pat for
his 56 years of stewardship and dedication to community banking,"
said Nies. "He guided Riverview from a two-branch savings and loan
to becoming the largest community bank in the Portland-Vancouver
area with over $1.3 billion in assets and a listing on the Russell
2000 index. We look forward to building on his legacy for years to
come."
Mr. Sheaffer became Chief Executive Officer in
1976, a Director in 1979, and Chairman of the Board in 1993. In
1997, he led the Company through a public offering on Nasdaq. With
an eye on maintaining a culture of customer service, community, and
profitability, he created an Employee Stock Ownership Plan,
encouraging all employees to "think like owners, because they are
owners."
Active in numerous professional and civic
organizations, he was honored with the Kyle W. Corwin Lifetime
Achievement Award by the Vancouver Business Journal. Sheaffer has
always believed in community activities and in the last year,
Riverview has supported over 150 local nonprofits, donated over
4,600 volunteer hours and has employees on the board of 48
different service organizations.
"It's always been his vision that a community
bank needs to be a pillar of the community," said Kevin Lycklama,
Riverview's President and Chief Executive Officer. "In addition to
the billions of dollars invested in our local homeowners and small
businesses, in the last 20 years under Pat's guidance, Riverview
has contributed over five million dollars to local service
organizations."
A proud University of Oregon alum, Sheaffer also
served for eight years in the Oregon Air National Guard. Since
joining Riverview in 1963, Sheaffer has been a Board member and
past Chairman of several organizations including the PeaceHealth
Foundation, Community Bankers of Washington (CBW), Washington
Financial League, Identity Clark County, Vancouver Executive
Association, Camas-Washougal Chamber of Commerce, Association of
Washington Business (AWB), Responsible Growth Forum (RGF) and most
passionately, the Clark County Fair. For over 30 years, Sheaffer
has also been the spiritual leader in Riverview's "Shirley DuPaul
Gifts for Kids in Care" program to provide Christmas gifts for
hundreds of foster children throughout the region.
About RiverviewRiverview
Bancorp, Inc. (www.riverviewbank.com) is headquartered in
Vancouver, Washington - just north of Portland, Oregon on the 1-5
corridor. With assets of $1.38 billion at June 30, 2020, it is the
parent company of the 97-year-old Riverview Community Bank, as well
as Riverview Trust Company. The Bank offers true community banking
services, focusing on providing the highest quality service and
financial products to commercial and retail customers. There are 18
branches, including 14 in the Portland-Vancouver area and three
lending centers. For the past seven years, Riverview has been named
Best Bank by the readers of The Vancouver Business Journal and The
Columbian.
This press release contains statements that the
Company believes are "forward-looking statements." These statements
relate to the Company's financial condition, results of operations,
plans, objectives, future performance or business. You should not
place undue reliance on these statements, as they are subject to
risks and uncertainties. When considering these forward-looking
statements, you should keep in mind these risks and uncertainties,
as well as any cautionary statements the Company may make.
Moreover, you should treat these statements as speaking only as of
the date they are made and based only on information then actually
known to the Company.
Contacts
: |
Kevin
Lycklama |
|
Riverview Bancorp, Inc. 360-693-6650 |
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