Riverview Community Bank in Vancouver, Wash., has promoted Daniel Cox to executive vice president and chief credit officer.
Cox joined Riverview 12 years ago, rising from credit analyst to commercial loan officer and then to head of credit administration, according to a press release Wednesday from the bank's holding company, Riverview Bancorp (RVSB). His recent duties at the $803 million-asset bank had included acting chief credit officer.
Cox "has been instrumental in dramatically reducing our problem credits, crafting new policies and improving the loan approval process," Ron Wysaske, the bank's president and chief operating officer, said in the release.
Riverview returned to profitability in 2013 after struggling with troubled loans. It earned $4.7 million last year after losing $14.2 million in 2012 and $11 million in 2011, according to data from the Federal Deposit Insurance Corp.