Spokane-based RiverBank Holding Co., the parent company of RiverBank, has named Michael F. Wilson as its new CEO.
Wilson succeeds Mark Dresback, who died unexpectedly on Nov. 4.
Wilson, who most recently served as chief banking officer at RiverBank, has been with the organization since October 2020. Before joining the company, he worked as the senior vice president of real estate at Stay Alfred, a Spokane-based startup that provided vacation rentals, but folded shortly after the onset of the pandemic-induced recession in mid-2020.
A graduate of the Loyola University Chicago MBA program, Wilson also previously worked as the senior credit officer at Spokane-based Inland Northwest Bank, which was acquired by First Interstate Bank in April 2018.
Wilson’s predecessor, Dresback, had become RiverBank’s CEO at the beginning of this year, replacing a retiring Daniel Byrne. Prior to joining the organization, Dresback had worked as chief credit officer at Inland Northwest Bank for 17 years.
Wilson says he and Dresback worked together at INB for eight years, and Dresback played a role in recruiting him to RiverBank.
RiverBank operates one office, located on the fourth floor of an office building at 202 E. Spokane Falls Blvd., in Spokane’s University District. Founded in 2006 under a banking business model that doesn’t involve retail branches, RiverBank now employs a little more than 40 people, Wilson says.
From a financial standpoint, he says, “We’ve had a great 2021. We’re in an amazing position to grow from here.”
According to the Journal’s Banks list, published in April, the bank had $134.7 million in local deposits as of Dec. 31, 2020. That ranked it as the 12th largest bank in the Inland Northwest, in terms of local deposits, at that time.
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