Chief Executive Officer

Executive Summary

• KLR Executive Search Group is proud to partner with River Run Bancorp, MHC (“River Run” / ) to recruit River Run’s 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 Run’s 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.

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

• Direct all organizational activities while serving as River Run’s 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 Run’s group of quality bank affiliates.

• 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 candidate’s work experience, education, knowledge, skills, and geographic location.