Riverview Bancorp in Vancouver, Wash., has ended its CEO’s employment.
The $1.6 billion-asset company, which had placed Kevin Lycklama on paid administrative leave, said in a subsequent press release that its board voted to remove him “without cause.”
The termination of employment is effective Sept. 6.
Dan Cox, Riverview’s chief credit officer, was named acting president and CEO.
A Riverview representative told Banking Dive that Lycklama was terminated due to a “human resources” issue. The bank had previously said it had nothing to do with financial performance.