RVSB 8-K
Riverview Bancorp Inc (RVSB)
8-K
2023-08-22
For: 2023-08-22
View Original
Added on
April 10, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): August 22, 2023
(Exact name of registrant as specified in its charter)
|
|
|
|
|||
|
(State or other jurisdiction
of incorporation)
|
(Commission
File Number)
|
(I.R.S. Employer
Identification No.)
|
|
|
|
||
|
(Address of principal executive offices)
|
(Zip Code)
|
Registrant’s telephone number, including area code: (360 ) 693-6650
|
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.
|
|
|
|
|
|
|
|
|
Securities registered pursuant to Section 12(b) of the Act:
|
Title of each class
|
Trading Symbol(s)
|
Name of each exchange on which registered
|
||
|
|
|
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933
(§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Item 5.02 Departure of Directors or
Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Riverview Bancorp, Inc. (the “Company”) and its financial institution subsidiary, Riverview Bank (“Bank”),
announced that Steve Plambeck is retiring as Executive Vice President and Chief Lending Officer at the Company and the Bank effective September 1, 2023. Mr. Plambeck joined Riverview in 2011 and has held the position of Executive Vice President and
Chief Lending Officer of the Bank since March 2018.
(c) As a result of Mr. Plambeck’s retirement, Michael Sventek, age 60, was appointed as the Executive Vice
President and Chief Lending Officer of the Bank, effective August 21, 2023. Mr. Sventek has over 32 years of community banking experience, having
most recently served as Commercial Banking Market Director for Umpqua Bank, Greater Oregon from 2021-2023. Prior to that, he served as Commercial Banking President for BBVA USA in Northern Arizona from 2011-2021. Throughout his career, Mr. Sventek
served as a highly visible finance leader for community banks and brings a vast amount of experience in commercial banking and lending. Mr. Sventek graduated with a Bachelor of Science in Computer Science Engineering from Northern Arizona University,
and is a graduate of the Pacific Coast Banking School.
Robert Benke, age 53, who has served as Senior Credit Administrator of the Bank since March 2016, was promoted to
Executive Vice President and Chief Credit Officer of the Bank, effective August 21, 2023. Mr. Benke joined Riverview in July 2004 and spent five years as a commercial lender and progressed through the credit administration function starting in 2012
most recently serving as Senior Vice President of Credit Administration. He is responsible for credit administration related to the Bank’s commercial, and consumer loan activities. He holds a Master’s in Business Administration from Washington State
University, a Bachelor of Arts in Physics from Whitman College, and is a 2015 graduate of the Pacific Coast Banking School. Mr. Benke is an active board member of the Washington State University – Vancouver MAP Program.
Dan Cox , age 45, who is currently serving as Acting President and Chief Executive Officer was promoted to Chief
Operating Officer of the Company and the Bank, effective August 21, 2023. In his new role, he will be responsible for the daily operations and management of the Bank. Mr. Cox will also continue to serve as Acting President and Chief Executive
Officer. Mr. Cox joined Riverview in August 2002, most recently serving as Executive Vice President and Chief Credit Officer of the Bank, a position he held since 2014, where he was responsible for the Bank’s commercial credit and collection
policies, procedures and processes. He graduated Summa Cum Laude from Washington State University – Vancouver with a Bachelor of Arts in Business Administration with a major emphasis in Finance. He graduated with honors from the Pacific Coast Banking
School. Mr. Cox is an active mentor in the local schools and was the Past Treasurer and Endowment Chair for the Washougal Schools Foundation and Past Board Member of Camas-Washougal Chamber of Commerce.
For additional information concerning the executive management promotions, please refer to the press release dated August 22, 2023,
which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
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.
|
|
RIVERVIEW BANCORP, INC.
|
|
|
|
|
|
|
|
Date: August 22, 2023
|
By: /s/ David Lam
|
|
|
David Lam
Chief Financial Officer
(Principal Financial Officer)
|
Exhibit 99.1
 |
 |
|
Contacts:
|
Denise Barr
Riverview Bancorp, Inc. 360.903.8250
|
Riverview Bancorp Announces Executive Management Promotions:
Promotes Daniel Cox to Chief Operating Officer & Robert Benke to EVP/Chief Credit Officer;
Announces Michael Sventek as EVP/Chief Lending Officer
Vancouver, WA – August 22, 2023 - Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Bancorp” or the “Company”) today announced that, as
part of its multi-step leadership succession planning process, has promoted a number of senior managers at Riverview Bank (the “Bank” and collectively “Riverview”) and Bancorp.
Daniel Cox has been promoted to Chief Operating Officer of the Bank and Bancorp by the Board of Directors, effective immediately. Mr.
Cox will also continue to serve as Acting President and Chief Executive Officer. Mr. Cox has been a member of the executive management team since 2014 in the role of Chief Credit Officer. In his new role, he will be responsible for the daily
operations and management of the Bank. Mr. Cox joined Riverview in August 2002, most recently serving as Executive Vice President and Chief Credit Officer of the Bank where he was responsible for the Bank’s commercial credit and collection policies
procedures and processes. He graduated Summa Cum Laude from Washington State University – Vancouver with a Bachelor of Arts in Business Administration with a major emphasis in Finance. He is an Honor Roll alum of the Pacific Coast Banking School. Mr.
Cox is an active mentor in the local schools and was the Past Treasurer and Endowment Chair for the Washougal Schools Foundation and Past Board Member of Camas-Washougal Chamber of Commerce.
Robert Benke has been promoted to Executive Vice President and Chief Credit Officer, and will oversee all commercial credit and
collection policies, procedures and processes of the Bank. He most recently served as Senior Credit Administrator, a position he has held since March 2016. Mr. Benke joined Riverview in July 2004 and spent five years as a commercial lender and
progressed through the credit administration function starting in 2012 most recently serving as Senior Vice President of Credit Administration. He is responsible for credit administration related to the Bank’s commercial, and consumer loan
activities. He holds a Master’s in Business Administration from Washington State University, a Bachelor of Arts in Physics from Whitman College, and is a 2015 graduate of the Pacific Coast Banking School. Mr. Benke is an active board member of the
Washington State University – Vancouver MAP Program.
Michael Sventek joins Riverview as Executive Vice President and Chief Lending Officer of the Bank. Mr. Sventek has over 32 years of experience in community banking, having most recently served as Commercial
Banking Market Director for Umpqua Bank. Prior to that, he served as Commercial Banking President for BBVA USA. Throughout his career, Mr. Sventek served as a highly visible finance leader for community banks and brings a vast amount of experience in
commercial banking and lending. Mr. Sventek graduated with a Bachelor of Science in Computer Science Engineering from Northern Arizona University, and is a graduate of the Pacific Coast Banking School.
Michael Sventek replaces Steven Plambeck, who will be retiring September 1, 2023. Steven joined Riverview in 2011 and has held the
position of Executive Vice President and Chief Lending Officer of the Bank since March 2018.
RVSB Press Release
August 22, 2023
Page 2
“We have built a deep bench of experienced
professionals over the years and continue to invest in our people to ensure the long-term success of the Company. I am confident the bankers who are leading our organization are some of the best in the business and are adding value to our
organization,” stated Gerald L. Nies, Chairman of the Board.
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 $1.58 billion at June 30, 2023, it is the parent company of the 100-year-old Riverview 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 through 17 branches, including 13 in the Portland-Vancouver area and 3 lending centers. For the past 10 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.