Vancouver-based Riverview Bank names permanent president and CEO

Vancouver-based Riverview Bancorp announced Friday that veteran banking executive Nicole Sherman will be the firm’s new president and CEO.

Riverview’s board of directors fired former CEO Kevin Lycklama on Sept. 6 due to what the bank described at the time as a human resources issue. Chief Operating Officer Daniel Cox has served as acting president and CEO since September.

Sherman will lead both Riverview Bancorp and subsidiary Riverview Bank beginning July 1.

Board Chair Gerald Nies called Sherman “the right person to lead Riverview into the future,” citing Sherman’s decades of experience in the banking industry and the region. Sherman previously worked in various roles at Columbia Bank, Utah First Credit Union, Numerica Credit Union, AmericanWest Bank and Zions Bank.

“Nicole has an established record of building a high-performance banking culture, and we are excited about the expertise, energy and professionalism that she brings to Riverview,” Nies said.

Sherman said she’s thrilled to join Riverview.

“Riverview is an organization with an unwavering dedication to serving its clients and its communities, and I look forward to leading our efforts in support of that commitment,” Sherman said.

Sherman is an instructor at the University of Washington’s Pacific Coast Banking School and was the school’s 2023 Instructor of the Year.

She gave the keynote address at the Greater Vancouver Chamber’s recent Inspire Her Conference.

Riverview trades on the Nasdaq as RVSB. Its stock closed Thursday at $3.90 per share, up from its Wednesday close of $3.87 per share.