Riverview Bancorp (RVSB) has shared an update.
On June 21, 2024, Riverview Bancorp, Inc. announced Nicole Sherman as the new President and CEO, with an effective start date of July 1, 2024. Bringing a wealth of experience from previous COO roles and expertise in various banking sectors, Sherman’s appointment also places her on the Boards of both the company and its subsidiary, Riverview Bank. Her employment package includes a $425,000 annual salary, potential bonuses, equity incentives, and standard executive benefits, with provisions for severance under certain termination conditions. Additionally, a change in control agreement ensures further compensation if a qualifying event occurs within a specified timeframe.
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