Lloyd L. Hamm Jr.., Chief Executive Officer of both River Run Bancorp, MHC and Newburyport Bank, recently announced the expanded role of Jimmy Williams in the position of Chief Administrative Officer (CAO), with additional responsibilities. In this role, Williams plays a pivotal part in steering the company’s efforts in strategic planning, corporate governance, and operational excellence, while continuing to serve as Chief Financial Officer (CFO) at Newburyport Bank.
As CAO, Williams is instrumental in advancing River Run’s strategic goals, serving as the “North Star” for the company’s decision-making processes. His focus is on ensuring that all decisions align with the key goals of the strategic plan, making it a dynamic and integral part of the company’s operations.
Williams’ primary responsibilities include overseeing strategic planning initiatives to drive future growth and ensure alignment with the company’s vision; managing corporate governance, legal matters, operational risk, compliance, and internal audit functions; fostering a culture of continuous improvement and collaboration across the organization; and working closely with business-line leaders to identify and pursue strategic initiatives that enhance the value delivered to customers, employees, and communities.
In his ongoing role as CFO at Newburyport Bank, Williams continues to manage asset-liability functions and Bank treasury operations, focusing on optimal funding strategies to support River Run’s and both Banks’ balance sheet growth.
“Jimmy’s expanded role at River Run marks a significant step forward in our commitment to strategic excellence and operational efficiency,” said Lloyd Hamm. “His dedication to challenging the status quo and his pursuit of smarter, faster, and better ways to serve our stakeholders will drive our company’s growth and success.”
Williams’ role underscores River Run’s dedication to leveraging experienced leadership to build a robust corporate structure, empower its family of banks, and deliver top-tier products and services.
When in the office, Jimmy splits his time between Newburyport and Haverhill. In addition to his leadership role at River Run and Newburyport Bank, Jimmy is an active community leader, serving on several non-profit boards and foundations including the Greater Newburyport Chamber of Commerce & Industry, and the Newburyport Bank Charitable Foundation.