SACRAMENTO, CA / ACCESSWIRE / October 25, 2023 / River City Bank’s President and CEO Steve Fleming recently announced the restructure of the bank’s risk management department, which will be implemented Nov. 1, 2023. The reorganization will create a completely independent internal audit department, implementing best practices to ensure the highest levels of risk mitigation and compliance. River City Bank believes that a proactive approach to risk management is a priority and these initiatives reinforce the company’s commitment to the financial security of its customers.
Pat McHone has been appointed to the newly created role of Chief Risk Officer (CRO). Reporting to the CRO will be the Credit, Compliance, and Information Security Departments. In addition to providing ongoing executive oversight of the three groups noted above, McHone will be responsible for Business Continuity Planning, Vendor Management, and Policy Administration.
As the Bank’s Executive Vice President and Chief Credit Officer, McHone has been an integral member of River City Bank’s Executive Team since 2008. With close to 40 years of experience, his banking career includes 16 years as Senior Vice President and Region Manager…
