Riverview Bancorp, Inc. has appointed David Nierenberg to the boards of directors of the company and the bank.
The corporation is the holding company for Riverview Community Bank.
Nierenberg, of Camas, is the founder and president of Nierenberg Investment Management Co. His company manages The D3 Family Funds — investment partnerships that focus on micro-cap stocks.
Nierenberg was a general partner of Trinity Ventures’ first four venture capital partnerships. He invested in financial services and health care, and he usually served as a corporate director.
In 1987, Nierenberg led an investor group which contracted with the U.S. government to recapitalize the then-bankrupt Far West Federal Bank.
“When someone of David’s stature and expertise takes an interest in your company, you need to seize that opportunity,” Pat Sheaffer, chairman and chief executive officer of Riverview Bancorp, said in a press release. “The depth of his understanding of the banking industry, finance, corporate strategy and governance cannot be overstated.”
From 1978 through 1985, Nierenberg was a partner at Bain & Co., in San Francisco, Boston and London. He focused on strategy, acquisition and cost reduction projects for CEO clients. Nierenberg managed Bain’s Western U.S. healthcare and banking practices.
He has served on dozens of public, private and not-for-profit boards during the past three decades.
With assets of $921 million, Riverview Bancorp, Inc., is the parent company of Riverview Community Bank and Riverview Asset Management Corp.
Riverview Community Bank was founded 93 years ago in Camas. There are 17 branches, including one in Camas and one in Washougal, and three lending centers.