River City Bank Expands the Board of Directors With Addition of David Lichtman
Rhea-AI Summary
River City Bank (RCBC) has appointed David Lichtman, former First Republic Bank executive, to its Board of Directors. Lichtman brings 37 years of banking experience, having served as Senior Executive Vice President and Chief Credit Officer at First Republic Bank, where he managed a loan portfolio exceeding $170 billion.
The appointment aims to leverage Lichtman's extensive expertise in commercial lending, particularly in the San Francisco Bay Area. Lichtman holds an MBA from UC Berkeley Haas School of Business and currently serves as a lecturer in real estate finance at UC Berkeley, alongside his role on the Board of Directors at the Fort Mason Center for Arts & Culture.
Positive
- Addition of executive with 37 years of banking experience and expertise in commercial lending
- Proven track record in managing a substantial $170 billion loan portfolio at First Republic Bank
- Strong background in Northern California commercial lending market, aligning with bank's growth strategy
Negative
- Association with First Republic Bank, which faced notable challenges in recent history
News Market Reaction – RCBC
In the trading session that priced this news, RCBC gained 2.31%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Former First Republic Bank executive David Lichtman has been appointed to the Board of Directors for River City Bank
SACRAMENTO, CA / ACCESS Newswire / July 7, 2025 / River City Bank announced today that David Lichtman, former First Republic Bank executive, will be immediately joining the Board of Directors.
Mr. Lichtman held various positions during his 37-year tenure at First Republic Bank. As a longtime leader in his role as Senior Executive Vice President and Chief Credit Officer, his responsibilities included credit administration and overseeing a loan portfolio exceeding
"First Republic Bank had exceptional credit quality over a long period under David's leadership. With his extensive experience in banking and specific expertise in commercial lending in the San Francisco Bay Area, Mr. Lichtman will be an excellent addition to the RCB board," said Steve Fleming, President and CEO of River City Bank. "I am confident that he will be a valuable contributor in helping the Bank achieve its growth goals."
"We are excited to welcome David to the board," said Shawn Kelly Devlin, chairman of the board at River City Bank. "The Bank will benefit from his expertise in the Northern California commercial lending market."
Mr. Lichtman holds a bachelor's degree from Vassar College and an MBA from the UC Berkeley Haas School of Business. He is also a lecturer in real estate finance and development at the University of California, Berkeley. With a deep commitment to education and the youth in our community, he has served on the Board of Directors at Leadership High School, as a mentor with the Big Brothers Big Sisters of the Bay Area, and as a life-skills mentor to at-risk students at Megan Furth Academy. David currently serves on the Board of Directors at the Fort Mason Center for Arts & Culture.
About River City Bank
As a leading boutique commercial bank with assets over
Contact Information
Pamela Hansen
VP/Director of Marketing and Events
pamela.hansen@rivercitybank.com
7075484292
SOURCE: River City Bank
View the original press release on ACCESS Newswire