Riverview Bancorp (RVSB) announces retirement of Chief Lending Officer Michael Sventek
Rhea-AI Filing Summary
Riverview Bancorp, Inc. reported that Executive Vice President and Chief Lending Officer Michael Sventek plans to retire effective October 30, 2026, following a banking career of more than 35 years. The company stated that his decision was not due to any disagreements with Riverview Bancorp or Riverview Bank.
The company plans to begin a broad-based internal and external search for a new Chief Lending Officer, supported by an executive search firm, and does not anticipate disruption to operations during the transition. Leadership highlighted Sventek’s role in strengthening commercial lending, developing long-term growth strategies, and diversifying the loan portfolio.
Riverview Bancorp, headquartered in Vancouver, Washington, reported $1.47 billion in assets as of June 30, 2026, serving clients through 17 branches and 3 lending centers in the Portland-Vancouver area and surrounding communities.
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8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Retirement effective date: October 30, 2026
Banking career length: 35 years
Total assets: $1.47 billion
+3 more
6 metrics
Retirement effective date
October 30, 2026
Effective date of Michael Sventek’s retirement as EVP and Chief Lending Officer
Banking career length
35 years
Approximate length of Michael Sventek’s banking career as described
Total assets
$1.47 billion
Assets of Riverview Bancorp at June 30, 2026
Number of branches
17 branches
Bank branches operated, including 13 in the Portland-Vancouver area
Lending centers
3 lending centers
Number of lending centers operated by Riverview Bank
Best Bank recognition period
12 years
Years Riverview has been named Best Bank by local publications
Key Terms
Chief Lending Officer, community banking services, forward-looking statements, loan portfolio, +1 more
5 terms
Chief Lending Officer financial
"search for his successor as our new Chief Lending Officer"
community banking services financial
"The Bank offers true community banking services, focusing on providing"
forward-looking statements regulatory
"This press release contains statements that the Company believes are “forward-looking statements.”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
loan portfolio financial
"strategies to increase and diversify our loan portfolio, ultimately expanding our ability"
A loan portfolio is the collection of loans a lender holds—such as mortgages, business loans and credit cards—think of it as a basket of IOUs. The mix and quality of those loans determine how much income the lender can expect and how much risk it carries: steady, low-risk loans provide reliable payments while risky loans raise the chance of losses. Investors monitor portfolio size, diversity, default rates and reserves for losses because those factors directly affect future profits, capital needs and overall financial stability.
treasury management financial
"strengthened our commercial lending team and supported the growth of our treasury management"
Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.
FAQ
What leadership change did Riverview Bancorp (RVSB) announce on August 10, 2026?
Riverview Bancorp announced that EVP and Chief Lending Officer Michael Sventek will retire effective October 30, 2026. The company stated his retirement is not due to disagreements and is beginning a broad-based search for his successor.
Did Riverview Bancorp (RVSB) indicate any operational impact from Michael Sventek’s retirement?
Riverview Bancorp stated it does not anticipate disruption to operations from Michael Sventek’s retirement. Management cited strong client relationships, established lending practices, and experienced management depth supporting ongoing lending and growth strategies.
When is Michael Sventek’s retirement from Riverview Bancorp (RVSB) effective?
Michael Sventek’s retirement as Executive Vice President and Chief Lending Officer is effective on October 30, 2026. He has served over 35 years in banking and helped shape Riverview’s commercial lending and loan portfolio growth strategies.
What are Riverview Bancorp’s (RVSB) size and footprint as of June 30, 2026?
Riverview Bancorp reported $1.47 billion in assets as of June 30, 2026. It operates 17 branches, including 13 in the Portland-Vancouver area, plus 3 lending centers, providing community banking and related financial services.
How does Riverview Bancorp (RVSB) describe its search process for a new Chief Lending Officer?
Riverview Bancorp plans a broad-based internal and external search for a new Chief Lending Officer. The company will use an executive search firm to identify a candidate aligned with its client focus and able to build on the existing lending foundation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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 10, 2026
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Registrant’s telephone number, including area code: (360 ) 693-6650
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registrant under any of the following provisions.
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Securities registered pursuant to Section 12(b) of the Act:
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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 (the “Bank”), announced that on August 4, 2026, Michael Sventek, Executive Vice President and Chief Lending Officer, announced his intention to retire, effective
October 30, 2026. Mr. Sventek’s notice in connection with his retirement did not indicate that his retirement was the result of any disagreements with the Company or the Bank. The Company is commencing a search for his successor and plans to utilize
an executive search firm to support an internal and external search process.
The Company is well positioned for this leadership transition. Through Mr. Sventek's leadership the past three years, the Company has
established strong client relationship and calling practices and experienced management depth that provide continuity and support the ongoing execution of the Company's lending and growth strategies. The Company does not anticipate any disruption to
its operations because of the transition.
“Mike has had a distinguished 35-year banking career, and we are grateful for the leadership, experience and steady partnership he
brought to Riverview. Over the past three years, he strengthened our commercial lending team and supported the growth of our treasury management and mortgage production teams. His commitment to our clients, people and communities made a meaningful
difference, and we wish him all the best in his well-earned retirement,” stated Nicole Sherman, President and CEO.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
99.1 News Release of Riverview
Bancorp, Inc. dated August 10, 2026.
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.
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RIVERVIEW BANCORP, INC.
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Date: August 10, 2026
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/S/ David Lam
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David Lam
Chief Financial Officer
(Principal Financial Officer)
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Exhibit 99.1
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Contacts:
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Nicole Sherman and David Lam
Riverview Bancorp, Inc. 360-693-6650
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Michael Sventek, EVP and CLO, Announces Retirement from Riverview Bancorp, Inc.
Vancouver, WA – August 10, 2026 - Riverview Bancorp, Inc. (Nasdaq GSM: RVSB) (“Riverview” or the “Company”) today announced the
retirement of Executive Vice President and Chief Lending Officer Michael Sventek, effective October 30, 2026.
“Mike has had a distinguished banking career spanning more than 35 years, and we are grateful for the leadership, experience and
steady partnership he has brought to Riverview. During his tenure, he has been integral in establishing long-term growth strategies to increase and diversify our loan portfolio, ultimately expanding our ability to deepen client relationships
throughout the communities we serve. Mike’s commitment to our clients and our people has made a meaningful difference, and we sincerely thank him for his contributions. We wish Mike all the best in his well-earned retirement,” stated Nicole Sherman,
President and CEO.
"After many rewarding years in the financial services industry, the time feels right to begin a new chapter and to enjoy retirement. I am
deeply grateful for the relationships I have built throughout my career and for the opportunity to work alongside so many talented and dedicated colleagues, especially here at Riverview Bank. It has been rewarding to help support the growth of our
clients and communities, and I am proud of the strong team and culture we have built together. Riverview is a special organization with a bright future, and I leave with tremendous appreciation for everyone who has been part of this journey and
confident in the Bank’s continued success," said Mike Sventek, EVP and Chief Lending Officer.
“As Mike moves on to this new chapter, we will also be commencing the search for his successor as
our new Chief Lending Officer,” Sherman continued. “We plan to initiate a broad-based search in the upcoming month to identify a candidate who brings both the expertise and the dedication this position requires. We look forward to finding a leader
who is committed to the clients and communities we serve and who can build on the strong foundation Mike leaves behind, while bringing a fresh perspective and energy to our already strong team.”
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 $1.47 billion at June 30, 2026, it is the parent company of 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, business and retail clients through 17 branches, including 13 in the Portland-Vancouver area, and 3 lending centers. For the past 12 years, Riverview has been named Best Bank by the readers of The Vancouver Business Journal and The Columbian.
RVSB Press Release
August 10, 2026
Page 2
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 including those described in 1A (Risk Factors) of the
Company’s Form 10-K for the fiscal year ended March 31, 2026. 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.