A pier-repairing and reinforcing panel is used in a method of repairing and reinforcing a pier. The panel includes locking members, locking ribs, reinforcing ribs, and clips. The method includes the steps of: installing a watertight caisson around a pier and removing water from the gap between the caisson and pier. Impurities are removed from the pier's surface, and a plurality of panels are installed around the pier while sealing the junctions of the panels. A plurality of reinforcing steel bars are arrayed in the gap between the pier and panels, and the panels are then affixed to the steel bars or the pier using anchor bolts. The gap between the pier and the panels are then filled with concrete. The pier is effectively repaired and reinforced while separating the reinforced concrete from water, thus protecting the concrete and steel bars for a desired lengthy period of time.