Business 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.”
