River Run Bancorp, MHC, the joint mutual holding company for both Newburyport Bank and Pentucket Bank. It was established in 2023, along with River Run Services, LLC, to support and sustain community banking.
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Press & Announcements
River Run Names Michael Bonsey EVP, Chief Risk Officer
River Run Bancorp, MHC (River Run) is pleased to announce the appointment of Michael Bonsey as Executive Vice President, Chief Risk Officer. His responsibilities include enhancing the organization’s commercial credit structure to better meet both regulatory and customer expectations. He will also assume full leadership over the credit and enterprise risk functions for River Run and its affiliated banks. He will report to Jamie Thompson, Senior Executive Vice President, Chief Credit Officer. >read more
Rollstone Bank & Trust to Join River Run Bancorp, MHC
Newburyport, MA and Fitchburg, MA – October 1, 2024 – River Run Bancorp, MHC (“River Run”) proudly announces that Rollstone Bank & Trust will be joining its network of mutual community banks through the merger of Rollstone Bancorp, MHC, the mutual holding company parent of Rollstone Bank & Trust, with and into River Run. Rollstone Bank & Trust (“RBT”) will become the third bank of River Run, alongside Newburyport Bank and Pentucket Bank. >read more
Jaskelevicus, Cote, Hamm Increase Leadership Roles at River Run, Pentucket Bank
Haverhill -
Familiar faces at Newburyport Bank and Pentucket Bank are taking over from Jonathan H. Dowst, who previously served as chief executive officer of Pentucket Bank, co-chair of the River Run board, and president of River Run, the mutual holding company of the two banks.
As of this past Monday, Stephen Jaskelevicus was named acting chief executive officer of Pentucket Bank and Scott D. Cote was named as co-chairman of the board of River Run. Cote joins Lloyd Hamm Jr., CEO of River Run and chief executive officer of Newburyport Bank, as co-chair of the River Run Board. Hamm will also serve as acting president of River Run.
Jaskelevicus has been with Pentucket Bank since 2010, most recently serving as its executive vice president, chief credit officer. Jaskelevicus has more 35 years of banking experience that he will bring to his new role, with a focus on commercial lending, strategic planning, staff development and community involvement.
“Steve brings a wealth of experience and a deep commitment to our mission, ensuring a seamless transition as we continue to focus on Pentucket Bank’s and the mutual holding company’s goals,” Hamm said in a Tuesday statement.
Hamm added, “Jon Dowst was instrumental in the successful merger of Newburyport Bank and Pentucket Bank under the newly-formed River Run Bancorp, MHC. We are grateful for his leadership, innovation and dedication during a critical period of our company’s growth. We are incredibly thankful for all of Jon’s contributions.” He continued, “His efforts were pivotal in uniting our organizations and setting a strong foundation for the future.”
Cote retired as chief executive officer of Pentucket Bank in 2021 and currently serves as the chairman of the Pentucket Bank board of directors.
Newburyport, MA -
River Run Bancorp, MHC, and Newburyport Bank recently announced the appointment of Kayla Brown to the concurrent role of assistant vice president and executive assistant.
She is responsible for representing the chief executive officer by welcoming visitors, reviewing correspondence, assisting the clerk with corporator and director meetings and other corporate functions, and answering questions and meeting requests directed to the CEO.
In addition, she manages donation recommendations and communication and provides executive support to additional members of the executive team as requested.
Brown has been with the organization for three years, beginning her career at Newburyport Bank as a relationship banker. She holds a bachelor’s degree in business from Fisher College.
Newburyport, MA -
River Run Bancorp recently announced the appointment of Joanna Buccieri as senior vice president, director of residential and consumer lending.
In this capacity, Buccieri assumes overall management of all residential and consumer lending departments, including various origination channels supporting both Newburyport Bank and Pentucket Bank.
In addition, she is responsible for the development of loan programs, capitalizing on emerging opportunities derived from market trends and the optimization of lending processes supporting the strategic objectives of each bank.
With more than three decades of experience in the financial services sector, Buccieri brings a wealth of expertise to her new role, previously serving as senior vice president of residential and consumer lending at Newburyport Bank.
Beyond her professional endeavors, the Atkinson, N.H., resident is actively engaged in community service with Emmaus House and Habitat for Humanity. In addition, she serves on the board of directors for the YWCA of Greater Newburyport.
Newburyport, MA –
River Run Bancorp, MHC, has announced the appointment of Keri Sullivan as Senior Vice President, Director of Operations & Customer Service. She is responsible for strategic direction and oversight of all back-office and retail operations for both Newburyport Bank and Pentucket Bank. The Operations Department consists of Consumer Loan Servicing, Residential and Commercial Loan Servicing, Deposit Operations including EFT and Payment Processing, Consumer Digital Banking Operations, Treasury Services Operations and the Service Center. The Service Center is the contact center for both banks and includes all forms of customer contact such as calls, emails, chats, texts and ATM live banker support, as well as consumer processing.
Ms. Sullivan has over 25 years of banking experience most recently as Senior Vice President, Director of Operations at Newburyport Bank where she began her career as a Teller. She attended Northeastern University and UMass Lowell for Business Management, and graduated from the New England School of Financial Studies at Babson College and Center for Creative Leadership in Charlotte, NC. Ms. Sullivan has been a longtime volunteer in youth sports and previously served as President of the Newburyport Youth Hockey League Board of Directors. She resides with her family in Newburyport, MA.
Newburyport, MA –
River Run Bancorp, MHC, is delighted to announce the appointment of Rob Glosner as Executive Vice President and Chief Information Officer. In this capacity, Mr. Glosner assumes overall ownership of technology within the organization. His responsibilities include keeping abreast of emerging technologies, spearheading their selection and integration, formulating and implementing policies, procedures, and standards, devising strategies aligned with company-wide objectives, with a particular emphasis on data analytics, artificial intelligence, machine learning, and process enhancement. Furthermore, Mr. Glosner leads the development and execution of the Information Security Program, as well as managing technology personnel and budgets.
With over three decades of experience in the financial services sector, Mr. Glosner brings a wealth of expertise to his new role, having previously served as Senior Vice President and Chief Information Officer at Pentucket Bank. He holds a Bachelor of Science in Computer Technology from Purdue University, a Master of Science in Information Security and Assurance, and an MBA from Carnegie Mellon University. Additionally, he boasts several professional certifications from institutions such as MIT and Carnegie Mellon University.
Beyond his professional endeavors, Mr. Glosner is actively engaged in community service, serving on the Board of Directors for HC Media. He resides in Auburn, NH, with his family.
Newburyport, MA –
River Run Bancorp, MHC, is very pleased to announce that Carol Wilson has been promoted to Executive Vice President, Operational Excellence and Performance Management.
In her new capacity, Ms. Wilson assumes responsibility for spearheading organizational efficiency, streamlining processes, and nurturing a culture of continuous enhancement. Her duties encompass crafting and executing holistic strategies for operational excellence, strategies that align with the company’s overarching objectives. This entails pinpointing avenues for process refinement, cost minimization, and operational efficacy enhancements across all facets of the business. Furthermore, she will be instrumental in instituting key performance indicators (KPIs) and metrics to gauge operational efficacy and monitor advancement toward strategic milestones.
Ms. Wilson, drawing upon more than 25 years of experience in the banking sector, brings a wealth of expertise to her new role. Her academic background includes a BA from Bethel University, Massachusetts School of Financial Studies, and New England College of Business and Finance. She most recently held the position of SVP & Chief Experience Officer at Pentucket Bank. She serves on the Board of the Greater Haverhill Chamber of Commerce and the Psychological Center. Additionally, she is a member of the Massachusetts Bankers Association Educational Committee and the Society for Human Resources Management. She resides with her family in Bedford, New Hampshire.
In commenting on the promotion, River Run CEO Lloyd Hamm stated, “Carol’s keen focus on data and metrics makes her the ideal individual for a role that will have a significant impact on the operational excellence of River Run and our Banks, particularly as we continue to grow. We look forward to her significant contributions.”
Newburyport, MA –
Lloyd Hamm, CEO and Jonathan Dowst, President of River Run Services, LLC, the shared services organization of River Run Bancorp, MHC, are pleased to announce the appointment of Steve Jaskelevicus to the concurrent roles of Executive Vice President and Senior Credit Officer effective January 1, 2024. In his role he is responsible for the oversight of credit policy and risk management. This is an increasingly important function as bank regulators continue to demand transparency and other improved capabilities with regard to the thorough knowledge of customers and their associated credit risk.
Mr. Jaskelevicus has over 35 years of banking experience most recently as SVP, Chief Credit Officer at Pentucket Bank. He holds a degree in Finance from Merrimack College. He is active in the community serving on the Board of the Greater Haverhill Foundation, as well as several other volunteer initiatives. He resides with his family in Haverhill, MA.
“Steve is an extraordinarily knowledgeable banker,” said President Jonathan Dowst. “Given the changes in our economy the past few years, it’s no surprise that the industry and our regulators are much more focused on credit policy and risk management. It’s essential to keeping our organization sound in every way. Steve is relentless in the work he does in this area and now also brings that expertise to his role at River Run. We’re fortunate to have him.”
Haverhill , MA –
Pentucket Bank has announced the promotion of Karl Denu to Executive Vice President and Chief Financial Officer. In that role he manages staff and activities of Finance and assumes responsibility for directing Accounting and Financial Reporting. In addition, Mr. Denu is responsible for keeping the CEO and President informed of major operational developments, consulting with them regarding major decisions affecting the Bank, overseeing management of the Bank's investment portfolio, and making financial and other presentations to the Executive Committee and Board of Directors.
Mr. Denu has over 22 years of banking experience most recently as Senior Vice President and CFO at Pentucket Bank. He is a graduate of the University of Wisconsin – La Crosse. He is active in the community serving on the Fiscal Advisory Committee of the Town of Derry, NH, where he resides with his family.
Newburyport, MA –
River Run Bancorp, MHC, is very pleased to announce that Vickie Routhier has joined the organization as Senior Vice President, Director of Marketing. With a keen focus on revenue growth, Vickie will spearhead marketing campaigns, align strategies with organizational goals, and optimize campaign performance through data analytics. Her expertise will benefit not only River Run, but also its affiliate banks Newburyport Bank and Pentucket Bank.
Ms. Routhier brings over 21 years of banking expertise to her role, with a wealth of experience contributing to multiple community banks in New Hampshire and Massachusetts. She has attended the ABA (American Bankers Association) School of Bank Marketing & Management, as well as the ABA Stonier Graduate School of Banking with a Wharton School Leadership Certificate. She is Secretary of the New England Financial Marketing Association (NEFMA) Board of Directors as well as Co-Chair of the NEFMA Programming Committee. She resides with her family in Strafford, NH.
River Run and Newburyport Bank Appoint Jamie Thompson Chief Credit Officer and Senior Executive Vice President
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Newburyport, MA –
Lloyd Hamm, CEO and Jonathan Dowst, President of River Run Services, LLC, the shared services organization of River Run Bancorp, MHC, are pleased to announce the appointment of Jamie Thompson to the concurrent roles of Chief Credit Officer and Senior Executive Vice President, effective January 1, 2024. His responsibilities include managing credit risk policies and procedures, and overseeing River Run credit functions related to commercial banking services, consumer and residential lending. In addition, overseeing business banking operations and credit, and co-managing credit risk and product types for treasury services.
Mr. Thompson has almost forty years of banking experience most recently as Senior Executive Vice President and Chief Credit Officer at Newburyport Bank, where he continues to hold this role. He holds a BA from Rider University. He is also active in the community in several roles including as a member of the Exeter Hospital United in Wellness Advancement Committee. He resides with his family in Newfields, NH.
“We are fortunate to add Jamie to the River Run organization,” said CEO Lloyd Hamm. “He has done a superb job in his role at Newburyport Bank, navigating an at times difficult credit environment. But his experience has shown itself. No doubt he will do the same in his role at River Run, and we look forward to his continued guidance and insight.”
Newburyport, MA –
River Run Bancorp, MHC, is pleased to announce the appointment of Beth McNeff as Senior Vice President, Chief Human Resources Officer. She manages the Human Resources Department to ensure optimum operating efficiency, assuming responsibility for employee recruitment/retention, compensation and benefit plan administration, employee relations, training and professional development, payroll and employee records maintenance. She is also responsible for performance management programs and employee engagement initiative, as well as human resource policies and procedures.
Ms. McNeff has over 15 years of banking experience most recently as Senior Vice President, HR Director at Newburyport Bank. She holds a BS from Fitchburg State University and has also completed coursework related to human resources at UNH, Tulane University, Bryant University, and Suffolk University. She resides with her family in Stratham, NH.
Newburyport, MA –
Lloyd Hamm, CEO and Jonathan Dowst, President of River Run Services, LLC, the shared services organization of River Run Bancorp, MHC, are pleased to announce the appointment of Timothy Felter as Senior Executive Vice President and Chief Financial Officer (CFO), effective January 1, 2024. He is responsible for overseeing all aspects of the Finance Division including capital management, financial reporting and income taxes, managing the investment portfolio and treasury function, and overseeing asset/liability management programs and strategies.
Mr. Felter has over forty years of banking experience most recently as Senior Executive Vice President and CFO at Newburyport Bank. He holds a BS in Accountancy from Bentley University and is also a CPA. He is also active in the community currently serving on the Board of Directors and as Chairman of the Finance Committee of Anna Jaques Hospital, and as Past Director and Past President of Greater Lawrence Kiwanis. He resides with his family in Newburyport, MA.
“Tim has been an invaluable member of the senior management team at Newburyport Bank for many years, and likewise will be in his role with River Run,” commented CEO Lloyd Hamm. He’s been instrumental in the growth of the Bank in many aspects. And his knowledge of the business and the complex financial issues that surround it make him a superb choice to assume the added role at River Run. We look forward to his many contributions."