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VANCOUVER, Wash. - Riverview Bancorp, Inc. (NASDAQ:RVSB), a $105.45 million market cap regional bank currently trading at a P/E ratio of 20.69, announced Wednesday two strategic leadership updates to its accounting and finance teams as part of efforts to enhance its financial operations.
Graham Clancy has joined the company as Senior Vice President and Director of Finance, while Phung Le has been promoted to Senior Vice President and Controller following the upcoming retirement of Wendy Beck. Both executives will report directly to Chief Financial Officer David Lam. According to InvestingPro analysis, the company appears undervalued based on its Fair Value estimates, suggesting potential upside for investors.
Clancy brings more than 14 years of experience in finance, accounting, budgeting, forecasting, and asset and liability management in the banking industry. He previously served as Vice President, Senior Finance Officer at Heritage Bank and spent over a decade at Umpqua Bank.
Le, who has been with Riverview since 2019, has over 10 years of experience in accounting with financial institutions. She most recently held the position of Vice President and Assistant Controller, responsible for daily accounting operations and ensuring compliance with regulations and internal policies.
"I’ve had the privilege of working with Phung for the past six years, and her leadership, expertise, and dedication make her a natural choice for this well-deserved promotion," said Lam in the press release statement.
The company also acknowledged Beck’s 36 years of service to Riverview as she approaches retirement.
Riverview Bancorp, headquartered in Vancouver, Washington, reported assets of $1.52 billion as of June 30, 2025. The company operates 17 branches, including 13 in the Portland-Vancouver area, and three lending centers. InvestingPro data shows the bank has maintained dividend payments for 11 consecutive years, with current revenues of $51.32 million over the last twelve months. Subscribers can access additional ProTips and detailed financial metrics on the platform.
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