Riverview Bancorp Announces Senior Management Promotions
July 27 2017 - 9:00AM
Vancouver, WA Riverview Bancorp, Inc. (Nasdaq:RVSB) (“Riverview” or
the “Company”), the holding company for Riverview Community Bank
(the “Bank”), today announced that, as part of its multi-step
leadership succession planning process, has promoted a number of
senior managers at both the Company and the Bank.
"We have built a team of very experienced
professionals over the years and continue to invest in our people
to ensure the long-term success of our business," said Pat
Sheaffer, chairman, chief executive officer and president. "I am
confident the bankers who are leading our organization are some of
the best in the business and are adding value to our
franchise.”
The following promotions and management changes
are effective immediately:
- Kevin J. Lycklama, has been promoted to EVP/Chief Operating
Officer of the Bank and the Company and will be responsible for the
daily operations and management of the Bank.
- Kim J. Capeloto has been promoted to EVP/Chief Banking Officer
and will be oversee the retail and commercial banking groups at the
Bank, as well as lead the marketing and community outreach for the
Company.
- David Lam, has been promoted to SVP/Chief Financial Officer and
will be responsible for the accounting, SEC reporting and treasury
functions for the Company.
- Patrick Sheaffer will be Chairman, CEO and President of the
Company and the Bank.
Mr. Lycklama has been Executive Vice President and Chief
Financial Officer of the Company since February 2008. Previously,
he served as Vice President and Controller of the Bank since 2006.
He holds a Bachelor of Arts degree from Washington State
University, is a graduate of the Pacific Coast Banking School and
is a certified public accountant.
Mr. Capeloto has been Executive Vice President and Chief Retail
Banking Officer since 2010. Capeloto has over 30 years of banking
experience serving as regional manager for Union Bank of California
and Wells Fargo Bank directing small business and personal banking
activities. Mr. Capeloto is active in numerous professional and
civic organizations.
Mr. Lam has been Senior Vice President and Controller since May
2008. Prior to joining Riverview, he spent ten years in public
accounting advancing to the level of audit manager. He holds a
Bachelor of Arts degree from Oregon State University. He
holds a certified public accounting license from Oregon State and
is a member of the Oregon Society of Certified Public Accountants
and the American Institute of CPAs.
About Riverview
Riverview Bancorp, Inc.
(www.riverviewbank.com) is headquartered in Vancouver, Washington –
just north of Portland, Oregon on the I-5 corridor. With assets of
$1.13 billion, it is the parent company of the 94 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 19 branches, including 14 in the
Portland-Vancouver area and three lending centers.
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:
Pat Sheaffer or Kevin Lycklama
Riverview Bancorp, Inc. 360-693-6650
Riverview Bancorp (NASDAQ:RVSB)
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