Riverview announces CEO succession plan

Riverview Bancorp, Inc., the holding company for Riverview Community Bank, has announced that, effective April 2, Patrick Sheaffer (pictured far left) will be retiring as President and Chief Executive Officer of the Company and the Bank. Sheaffer will continue to serve as Chairman of the Board of both the Company and the Bank.

Kevin Lycklama, currently Executive Vice President and Chief Operating Officer, will succeed Sheaffer as President and Chief Executive Officer of the Company and the Bank. With the transition, Lycklama will join the Board of Directors.

Sheaffer joined the bank in 1963 and became its Chief Executive Officer in 1976, a director in 1979 and Chairman of the Board in 1993. He served as Chairman of the Board, President and Chief Executive Officer of the company since its inception in 1997.

Lycklama, age 40, joined the bank in 2006 and served as Executive Vice President and Chief Financial Officer of the company from February 2008 to July 2017 and Chief Operating Officer since July 2017. Prior to joining Riverview, he was an audit manager for an Oregon CPA firm. Lycklama has been a key part of the investor relations team, led the recent transaction with MBank and assisted in the company’s secondary public offering.

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