Job Description

Executive Summary

• KLR Executive Search Group is proud to partner with River Run Bancorp, MHC (River Run / to recruit River Runs next President & CEO.
• With over $3.6BN in assets, our client is the mutual holding company for three independent community banks with twenty-five locations.
• River Runs Board seeks a well-rounded financial services executive with a track record that includes transformational leadership within a dynamic, evolving organization.
• The new President & CEO will build upon a solid foundation established to position River Run as the local bank of choice for customers and the mutual holding company of choice for community minded mutual banks.

Today, River Runs three affiliate banks include

• Newburyport Bank (based in Newburyport / $1.6BN /
• Pentucket Bank (based in Haverhill / $1.1BN / and
• Rollstone Bank & Trust (based in Fitchburg / $900MM /

Key priorities include

• Direct all organizational activities while serving as River Runs thought leader and visionary.
• In conjunction with the Board, establish Strategic Plan and related goals and objectives.
• Guide and support Bank Presidents and Executive Management.
• Develop strong relationships with potential new affiliate banks to expand River Runs group of quality bank affiliates.

The successful candidate will bring

• Multifaceted financial services background that includes exposure to all aspects of Lending, Finance/ALM foundation, IT and Digital fluency, Retail/Operations/Marketing knowledge, Wealth Management & Trust Services appreciation, and/or solid understanding of Credit/Risk Management and Regulatory Compliance requirements (or equivalent).
• Proven success serving as a visionary change agent and strategic partner.
• Outstanding leadership, management, organizational, and interpersonal skills.
• Demonstrated appreciation for and commitment to mutuality and a track record of active community and/or industry involvement strongly preferred.

The salary range for this position is $550,000-$775,000, plus additional benefits and bonus potential. Compensation is determined by a variety of factors including but not limited to the role, function, and associated responsibilities, as well as a candidates work experience, education, knowledge, skills, and geographic location.

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