Last updated: 27 February 2024 at 8:21pm EST

Gerald Nies Net Worth




The estimated Net Worth of Gerald Lee Nies is at least $1.25 Million dollars as of 23 February 2024. Mr. Nies owns over 22,000 units of Riverview stock worth over $863,835 and over the last 15 years he sold RVSB stock worth over $340,935. In addition, he makes $46,300 as Chairman of the Board of the Company and the Bank at Riverview.

Mr. Nies RVSB stock SEC Form 4 insiders trading

Gerald has made over 21 trades of the Riverview stock since 2010, according to the Form 4 filled with the SEC. Most recently he bought 22,000 units of RVSB stock worth $106,700 on 23 February 2024.

The largest trade he's ever made was buying 105,000 units of Riverview stock on 8 September 2010 worth over $193,200. On average, Gerald trades about 11,619 units every 219 days since 2009. As of 23 February 2024 he still owns at least 190,692 units of Riverview stock.

You can see the complete history of Mr. Nies stock trades at the bottom of the page.





Gerald Nies biography

Gerald L. Nies serves as Chairman of the Board of the Company and the Bank of the Company. He is retired after 42 years in the insurance business. He was President and Chief Executive Officer of Nies Insurance Agency from 1985-2011 and then was Executive Vice President after selling the business to Brown & Brown, Inc. Currently, he is the owner of a small investment property management company. He attended Western Washington University and became a Chartered Property Casualty Underwriter. Mr. Nies is a past Board member of the Washington Independent Agents Association and past President of the National Agent Advisory Council for Safeco Insurance. He also served as one of the five Clark County Emergency Medical Services Administrative Board members, elected Council Member for the City of Battle Ground and Fire Chief for the City of Battle Ground. Mr. Nies’ diverse career has afforded him expertise in managing financial and operational aspects of business, as well as customer relations.

What is the salary of Gerald Nies?

As the Chairman of the Board of the Company and the Bank of Riverview, the total compensation of Gerald Nies at Riverview is $46,300. There are 9 executives at Riverview getting paid more, with Kevin Lycklama having the highest compensation of $718,546.



How old is Gerald Nies?

Gerald Nies is 71, he's been the Chairman of the Board of the Company and the Bank of Riverview since 2020. There are 1 older and 16 younger executives at Riverview. The oldest executive at Riverview Bancorp, Inc. is Jerry Olson, 78, who is the Independent Director.

What's Gerald Nies's mailing address?

Gerald's mailing address filed with the SEC is 900 WASHINGTON STREET, SUITE 900, VANCOUVER, WA, 98660.

Insiders trading at Riverview

Over the last 21 years, insiders at Riverview have traded over $8,320,604 worth of Riverview stock and bought 881,902 units worth $3,026,066 . The most active insiders traders include David Nierenberg, James M Chadwick, and Advisors, Llc Ancora. On average, Riverview executives and independent directors trade stock every 37 days with the average trade being worth of $51,837. The most recent stock trade was executed by Robert Benke on 1 August 2024, trading 5,000 units of RVSB stock currently worth $23,100.



What does Riverview do?

riverview bancorp, inc. is the holding company of riverview community bank, a progressive community-oriented financial institution that emphasizes local, personal service throughout southwest washington and the portland metropolitan area. the company provides personal and commercial financial solutions through its network of 17 branches, a professional mortgage broker division, and its trust subsidiary riverview asset management corp. the bank provides numerous deposit services including checking and savings, money market, and certificates of deposit; internet banking, 24-hour customer information line, atms and courier service. the bank offers commercial real estate loans, construction and land development loans, commercial and industrial loans as well as consumer home equity loans and lines of credit. as of october 1, 2009, the bank operated 17 branches and an operations and lending service center. branches include 14 in southwest washington, and 2 in the portland, oregon metro area.



What does Riverview's logo look like?

Riverview Bancorp, Inc. logo

Complete history of Mr. Nies stock trades at Riverview

Date
#
Company
Insider
Trans.
Transaction
Shares Price per share Total value Shares after Source
23 Feb 2024 Gerald Lee Nies
Buy 22,000 $4.85 $106,700
23 Feb 2024
190,692
11 Mar 2020 Gerald Lee Nies
Buy 3,170 $5.81 $18,418
11 Mar 2020
168,692
14 Aug 2019 Gerald Lee Nies
Buy 10,000 $7.58 $75,800
14 Aug 2019
165,522
15 Nov 2017 Gerald Lee Nies
Sale 9,000 $8.54 $76,860
15 Nov 2017
152,522
13 Nov 2017 Gerald Lee Nies
Sale 30,778 $8.58 $264,075
13 Nov 2017
161,552
12 May 2017 Gerald Lee Nies
Option 10,000 $3.64 $36,400
12 May 2017
192,300
31 May 2016 Gerald Lee Nies
Buy 1,959 $4.69 $9,188
31 May 2016
182,300
18 May 2016 Gerald Lee Nies
Buy 2,200 $4.61 $10,142
18 May 2016
180,341
16 May 2016 Gerald Lee Nies
Buy 5,841 $4.58 $26,752
16 May 2016
178,141
27 Feb 2015 Gerald Lee Nies
Option 4,000 $2.78 $11,120
27 Feb 2015
172,300
2 May 2014 Gerald Lee Nies
Buy 5,000 $3.60 $18,000
2 May 2014
168,300
2 May 2014 Gerald Lee Nies
Buy 5,000 $3.60 $18,000
2 May 2014
168,300
10 Jun 2011 Gerald Lee Nies
Buy 1,612 $3.02 $4,868
10 Jun 2011
163,300
9 Jun 2011 Gerald Lee Nies
Buy 900 $3.02 $2,718
9 Jun 2011
161,688
8 Jun 2011 Gerald Lee Nies
Buy 10,600 $3.02 $32,012
8 Jun 2011
160,788
7 Jun 2011 Gerald Lee Nies
Buy 19,688 $3.05 $60,048
7 Jun 2011
150,188
22 Nov 2010 Gerald Lee Nies
Buy 6,500 $2.57 $16,705
22 Nov 2010
130,500
18 Nov 2010 Gerald Lee Nies
Buy 5,000 $2.70 $13,500
18 Nov 2010
124,000
3 Nov 2010 Gerald Lee Nies
Buy 5,000 $2.24 $11,200
3 Nov 2010
14,000
8 Sep 2010 Gerald Lee Nies
Buy 105,000 $1.84 $193,200
8 Sep 2010
119,000
7 May 2010 Gerald Lee Nies
Buy 4,000 $3.09 $12,360
7 May 2010
9,000


Riverview executives and stock owners

Riverview executives and other stock owners filed with the SEC include: