On Wednesday, the River Valley Community Bancorp (OTCMKTS:RVCB) was in the news after it announced, in conjunction with River Valley Community Bank, its fully owned subsidiary company, that it had made a new appointment.
Market Action
On Wednesday, RVCB stock rose 7.14% to $22.50 with 400 shares, compared to volume of 419 shares. The stock moved within a range of $22.50 – 22.50 after opening trade at $22.50.
River Valley Community Bancorp Appoints Liesl Schmidt as Executive Vice President and Chief Operations Officer
The appointment was that of Liesl Schmidt as its new Chief Operations Officer and Executive Vice President. It was a major new announcement and it is going to be interesting to see if the River Valley stock experiences any action in the coming days or not. Schmidt is going to be responsible for human resources operations, information technology operations and brand operations at River Valley in this particular role at River Valley.
In this situation, it is also important for investors to take a look at the credentials of Schmidt as an executive and then make their minds up about the merits of the appointment. Schmidt has worked in a range of roles in the finance industry, starting from operations, processes management, human resources, employee management and risk management among others. Before being appointed to this role at River Valley, Schmidt had been the Executive Vice President at U.S. Bank. It may be a good idea to start tracking the River Valley stock over the coming days.
Key Quote
John M. Jelavich, the Bank’s President and CEO commented, “I’m very pleased to have Liesl joining our team at this stage in our Bank’s development. The industry experience she brings positions the Bank well for our continued growth and execution of our longer-term strategic plans. Under her leadership, I am confident we will be better positioned to enhance and complement the relationship banking experience we deliver through the implementation of new deposit products, enhanced treasury management services and a digital channel that keeps pace with our customers’ evolving banking technology preferences. Liesl’s Northern California roots and knowledge of our markets also add to the strengths she brings to our organization.”
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