Riverview Bancorp Inc. Announces Chief Lending Officer Retirement

What Happened
Riverview Bancorp, Inc. (RVSB) and its bank subsidiary announced on August 4, 2026 that Michael Sventek, Executive Vice President and Chief Lending Officer, intends to retire effective October 30, 2026. The Company filed an 8‑K on August 10, 2026 to report the planned departure. Sventek has led the bank’s lending efforts for the past three years and has a 35‑year banking career.

Key Details

• Michael Sventek notified the Company on August 4, 2026; retirement effective October 30, 2026.
• The notice stated his retirement was not due to any disagreements with the Company or the Bank.
• Riverview will begin a search for a successor and will use an executive search firm to support internal and external candidates.
• Company states it has established client relationship practices and management depth under Sventek, and does not anticipate operational disruption during the transition.

Why It Matters
This is a leadership change in Riverview’s lending function, a key area for the bank’s revenue and growth. The company highlights succession planning and management depth and says it expects continuity in lending and growth strategies during the transition. Investors should note the timeline (effective Oct 30, 2026) and that the bank has engaged an executive search process to fill the role.