David Nierenberg Resigns from the Boards of Directors of Riverview Bancorp, Inc. and Riverview Community Bank, Effective February 8, 2021
February 10, 2021 at 11:10 pm IST
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On February 8, 2021, Director David Nierenberg announced that he was resigning from the Boards of Directors of Riverview Bancorp, Inc. (the “Company”), and its financial institution subsidiary, Riverview Community Bank (the “Bank”), effective February 8, 2021. Mr. Nierenberg served as a Director of the Company and the Bank since 2016 and as a member of the Nominating and Governance, Compensation and Risk Management Committees.
Riverview Bancorp, Inc. is the bank holding company of Riverview Bank (the Bank). The Company's business is conducted through the Bank. The Bank has two subsidiaries: Riverview Trust Company (the Trust Company) and Riverview Services, Inc. (Riverview Services). The Trust Company is a trust and financial services company that provides full-service brokerage activities, trust services, and asset management services. Riverview Services acts as a trustee for deeds of trust on mortgage loans granted by the Bank. The Company operates through two segments, which consist of banking operations performed by the Bank and trust and investment services performed by the Trust Company. The Company is engaged predominantly in the business of attracting deposits from the general public and using such funds in its primary market area to originate commercial business, commercial real estate, multi-family real estate, land, real estate construction, residential real estate, and other consumer loans.