Riverview Bancorp Strengthens Financial Leadership with Key Appointments
Riverview Bancorp Strengthens Financial Leadership Team
Riverview Bancorp, Inc. (NASDAQ: RVSB), based in Vancouver, Washington, has announced major updates to its financial and accounting leadership. These changes come as part of the company’s overarching strategy to enhance its financial operations and continue its growth trajectory.
New Director of Finance Joins Riverview
Graham Clancy has been appointed as the Senior Vice President and Director of Finance at Riverview. With more than 14 years of extensive experience in finance and accounting within the banking sector, Clancy brings a wealth of expertise that is expected to greatly benefit the company's financial strategy. Previously, he served as the Vice President and Senior Finance Officer at Heritage Bank, where he managed finance and accounting reporting, ensuring operational efficiencies.
Clancy’s banking career has mostly been rooted in the Pacific Northwest, providing him with a solid understanding of the local market dynamics. This appointment aligns with Riverview's mission to deliver exceptional value and service, and underlines the company’s commitment to strong financial governance as it prepares for future growth.
Promotion of Phung Le to Controller
In conjunction with Clancy’s appointment, Riverview is promoting Phung Le to the position of Senior Vice President and Controller. Le, who joined Riverview Bancorp in 2019, has demonstrated a strong track record in accounting and financial compliance. Her promotion comes following the anticipated retirement of Wendy Beck, who has dedicated over 36 years to the company and is known for her significant contributions to its growth and success.
Le's prior role as Vice President and Assistant Controller involved overseeing daily accounting operations and ensuring compliance with both GAAP and banking regulations. With more than a decade of experience in the financial sector, she has cultivated a thorough understanding of accounting principles and regulatory requirements, making her a fitting choice for this advancement.
Leadership Insights and Future Directions
Nicole Sherman, President and CEO of Riverview, expressed enthusiasm in welcoming Graham Clancy to the team, highlighting his blend of financial expertise and operational acumen as crucial to the bank's growth strategy. She acknowledged Phung Le's exceptional capabilities and her dedication over the years, noting that this promotion is a natural progression reflecting her hard work and commitment to excellence.
David Lam, the Chief Financial Officer at Riverview, echoed similar sentiments regarding the leadership changes, emphasizing their aim for continued financial success. He acknowledged the critical role that Wendy Beck has played during her tenure, solidifying the foundation upon which the new leaders will build. Both appointments underscore Riverview's commitment to maintaining the highest standards of financial management and client service.
About Riverview Bancorp
Riverview Bancorp, Inc. operates as a vital community bank in the Pacific Northwest, with assets totaling approximately $1.52 billion. The bank is known for its customer-centric approach, delivering high-quality financial products and services through its various branches and lending centers.
The organization has earned accolades over the years, including recognition as the Best Bank by readers of regional business publications, showcasing their dedication to customer service and community engagement. As Riverview look towards the future, it remains committed to being the preferred banking institution in the region while effectively serving its commercial, business, and retail clients.
Frequently Asked Questions
Who is the new Director of Finance at Riverview Bancorp?
Graham Clancy has been appointed as the new Director of Finance and Senior Vice President.
What is Phung Le's new role at Riverview Bancorp?
Phung Le has been promoted to Senior Vice President and Controller following the upcoming retirement of Wendy Beck.
How long has Wendy Beck been with Riverview Bancorp?
Wendy Beck has dedicated over 36 years to Riverview Bancorp.
What are the main responsibilities of the new Director of Finance?
The new Director of Finance will oversee financial operations and support the strategic growth of Riverview Bancorp.
What focus areas does Riverview Bancorp prioritize in its operations?
Riverview Bancorp focuses on providing high-quality banking services and financial products to its clients while maintaining strong community ties.
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