Riverview Bancorp adds two directors, expands board
Riverview Bancorp, Inc. and its subsidiary Riverview Bank have appointed Kourosh Zamani and Jon Girod to their Boards of Directors, effective March 30, 2026, on the recommendation of the Nominating and Governance Committee.
Rhea-AI Filing Summary
Riverview Bancorp, Inc. and its subsidiary Riverview Bank have appointed Kourosh Zamani and Jon Girod to their Boards of Directors, effective March 30, 2026, on the recommendation of the Nominating and Governance Committee. The Board also amended the Company’s Bylaws to expand the Board size from eight to ten members.
Zamani is co-founder of AI-focused technology company Laurel, which has raised over $150 million, and previously held a senior business development role at investment manager Bailard, Inc. Girod is a Vancouver-based homebuilder and developer who has built over 3,000 homes and founded workforce nonprofit Careers in Construction NW.
There are no family relationships or related party transactions involving the new directors, and they were not appointed pursuant to any special arrangements. Riverview Bancorp, headquartered in Vancouver, Washington, reported $1.51 billion in assets at December 31, 2025 and operates 17 branches and 3 lending centers as a 103-year-old community bank.
Positive
- None.
Negative
- None.
8-K Event Classification
3 items: 5.02, 5.03, 9.01
3 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 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Board size: 8 to 10 members
Total assets: $1.51 billion
Homes built by Girod: Over 3,000 homes
+5 more
8 metrics
Board size
8 to 10 members
Bylaws amended to increase board size
Total assets
$1.51 billion
Assets at December 31, 2025
Homes built by Girod
Over 3,000 homes
Cumulative homes built since 1989
Lots developed by Girod
More than 2,000 lots
Residential lots developed since 1989
Laurel funding raised
Over $150 million
Capital raised by AI company Laurel
Branch network
17 branches
Including 13 in Portland–Vancouver area
Lending centers
3 lending centers
Locations serving commercial and other clients
Bank age
103 years
Age of Riverview Bank
Key Terms
Nominating and Governance Committee, related party transaction, Amended and Restated Bylaws, forward-looking statements, +2 more
6 terms
Nominating and Governance Committee financial
"The appointment of Messrs. Girod and Zamanizadeh ... was at the recommendation of the Company’s Nominating and Governance Committee."
A nominating and governance committee is a group of board members tasked with choosing and evaluating directors, planning leadership succession, and setting the company’s board-related rules and ethical standards. Think of it as the company’s hiring and rule-making panel for its top overseers. Its work matters to investors because it shapes who governs the company, how leadership transitions are handled, and whether the board can effectively oversee management and protect shareholder interests.
Amended and Restated Bylaws regulatory
"A copy of the Company’s amended and restated Bylaws is attached hereto as Exhibit 3.2."
A company’s amended and restated bylaws are its internal rulebook rewritten to include all changes in one updated document, replacing the old bylaws. For investors, this matters because the bylaws set how the board, shareholders and officers make decisions, hold votes and handle disputes; a new consolidated version can change voting rights, control mechanisms or procedures that affect corporate governance and the value or risk of an investment.
forward-looking statements financial
"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.
community banking services financial
"The Bank offers true community banking services, focusing on providing the highest-quality service and financial products to commercial, business and retail clients"
Risk Factors regulatory
"including those described in 1A (Risk Factors) of the Company’s Form 10-K for the fiscal year ended March 31, 2025."
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
FAQ
What governance changes did Riverview Bancorp (RVSB) announce in this 8-K?
Riverview Bancorp announced two key governance changes: appointing Kourosh Zamani and Jon Girod to the Boards of Riverview Bancorp and Riverview Bank, and amending its Bylaws to increase Board size from eight to ten directors, broadening oversight and leadership representation.
Who is Kourosh Zamani, the new Riverview Bancorp (RVSB) director?
Kourosh Zamani is co-founder of Laurel, a venture-backed AI technology company focused on time capture and analysis for professional services. Laurel serves global law, accounting, and consulting firms and has raised over $150 million. Zamani previously led business development at investment manager Bailard, Inc.
Who is Jon Girod, the newly appointed Riverview Bancorp (RVSB) director?
Jon Girod is owner, builder, and developer of Quail Homes and related companies in Vancouver, Washington. Since 1989, he has built over 3,000 homes and developed more than 2,000 lots, focusing on empty nesters and multi-generational housing, and founded workforce nonprofit Careers in Construction NW.
How large is Riverview Bancorp (RVSB) and what is its banking footprint?
Riverview Bancorp reported assets of $1.51 billion at December 31, 2025. It is the parent of 103-year-old Riverview Bank and Riverview Trust Company, operating 17 branches, including 13 in the Portland–Vancouver area, plus three lending centers serving commercial, business, and retail clients.
What did Riverview Bancorp (RVSB) say about forward-looking statements in this press release?
Riverview Bancorp noted that its press release contains forward-looking statements about financial condition, results, plans, and future performance. It emphasized these are subject to risks and uncertainties, referencing Risk Factors in its Form 10-K for the year ended March 31, 2025 for additional cautionary detail.
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): March 30, 2026
(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.
(d) Appointment of New Directors
On March 30, 2026, Riverview Bancorp, Inc. (the “Company”), and its financial institution subsidiary, Riverview Bank (the “Bank”),
announced that their Boards of Directors have appointed Mr. Jon Girod and Mr. Kourosh Zamanizadeh to their respective Boards of Directors effective March 30, 2026. The appointment of Messrs. Girod and Zamanizadeh as Directors of the Company and the
Bank was at the recommendation of the Company’s Nominating and Governance Committee. Messrs. Girod and Zamanizadeh have not been appointed to serve on any of the Company’s, or the Bank’s committees. For further information concerning Messrs. Girod’s
and Zamanizadeh’s backgrounds, reference is made to the press release dated April 2, 2026, which is attached hereto as Exhibit 99.1 and incorporated herein by reference.
There are no family relationships between Messrs. Girod and Zamanizadeh and any director or executive officer of the Company and the Bank
and Messrs. Girod and Zamanizadeh were not appointed as directors pursuant to any arrangement or understanding with any person. Messrs. Girod and Zamanizadeh have not engaged in any transaction with the Company or the Bank that would be reportable as
a related party transaction under the rules of the Securities and Exchange Commission.
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
(a) The Board of Directors has amended the Company’s Bylaws to increase the size of the Board from eight (8) to
ten (10) members. A copy of the Company’s amended and restated Bylaws is attached hereto as Exhibit 3.2.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
3.2 Amended and Restated
Bylaws of Riverview Bancorp, Inc.
99.1 News Release of Riverview Bancorp, Inc. dated April 2, 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.
|
|
RIVERVIEW BANCORP, INC.
|
|
|
|
|
Date: April 2, 2026
|
/s/ David Lam
|
|
|
David Lam
|
|
|
Chief Financial Officer
(Principal Financial Officer)
|
Exhibit 99.1
Contact: Denise
Barr
SVP/Marketing Strategist
(360) 903-8250
SVP/Marketing Strategist
(360) 903-8250
Kourosh Zamani and Jon Girod Join Riverview Bancorp Board of Directors
Vancouver, WA, April 2,
2026 – Riverview Bancorp, Inc. (NASDAQ GSM: RVSB) today announced the appointment of Kourosh Zamani and Jon Girod to its Board of Directors for Riverview Bank and Riverview Bancorp, Inc., effective immediately.
“Kourosh and Jon are long-time residents of the Pacific Northwest and understand Riverview Bank. They believe in
community banking and what it means to invest in the local economy. Both know our clients, our communities, and the opportunities for businesses in this region. A local perspective and genuine commitment to the Pacific Northwest is exactly what we
look for in a board member, and I look forward to working alongside them,” said Jerry Nies, Chairperson of the Board.
Kourosh Zamani is
co-founder of Laurel, a venture-backed technology company that pioneered the use of AI for time capture and analysis in professional services. Laurel serves leading
law, accounting, and consulting firms globally and has raised over $150 million in funding. Prior to Laurel, Zamani served as Vice President of Business Development at
Bailard, Inc., an investment management firm based in the San Francisco Bay Area, where he focused on client relationships and strategic growth initiatives. Zamani graduated from the University of California, Berkeley with a Bachelor of
Science, Business administration and holds a Master of Business Administration from the University of California, Berkeley, Haas School of Business.
Jon Girod is the
owner, builder and developer of Quail Homes and related companies in Vancouver, WA. Since 1989, he has built over 3,000 homes and developed more than 2,000 lots, with a primary focus on housing for empty nesters and multi-generational lifestyles. A
past President of the Building Industry Association, Girod holds an accounting degree from Linfield University. He also is the founder of Careers in Construction NW, a nonprofit that embeds Skilled Trade Centers on high school campuses, offering
industry-relevant curriculum and networking opportunities to help students enter or advance in the skilled trades upon graduation.
“We are thrilled to welcome Kourosh and Jon to our Board,” said Nicole Sherman, CEO. “Kourosh brings a rare combination
of entrepreneurial vision and deep expertise in AI-driven technology, reflecting the innovative thinking that is increasingly essential in today's financial landscape. Jon brings decades of experience as a builder, developer, and business leader with
a proven track record of growth and community investment in our region. Together, they further enrich our already strong board with perspectives that will benefit Riverview, our clients, and the communities we serve.”
About the Company
Riverview Bancorp, Inc. (www.riverviewbank.com) is headquartered in Vancouver, Washington – just north of Portland,
Oregon, on the I-5 corridor. With assets of $1.51 billion at December 31, 2025, it is the parent company of the 103-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, 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 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 including those described in 1A (Risk Factors) of the Company’s Form
10-K for the fiscal year ended March 31, 2025. 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.
Kourosh Zamani
Jon Girod