Charles River Bank has named Derek Plourde as its next president and CEO. He replaces John “Jack” Hamilton, who will retire on Dec. 31 after 20 years at the bank.

Plourde, who will take over the leadership role on Jan. 1, is currently the bank’s executive vice president and chief operating officer. He joined Charles River Bank in 2018 as senior vice president and senior commercial lending officer.

“With his professional experience, industry knowledge, familiarity with our customers and community, and rapport with the entire team, Derek is the best person to lead Charles River Bank,” Steven M. Richardson, chairman of the board of directors of Charles River Bank, said in a statement. “We are confident that Derek can successfully navigate challenges presented by the ever-changing regulatory environment of banking, continual advancements in technology, and the impact of the ongoing global pandemic so that Charles River Bank remains the preeminent community bank in our market area.”

Plourde has more than 25 years of experience in the financial services industry, including in commercial lending, financial analysis, specialty lending, special assets and relationship management, the statement said.

“I am honored and humbled to be selected as Charles River Bank’s president and CEO,” Plourde said. “I look forward to leading a phenomenal group of talented, seasoned, and dedicated community bankers. Our team will continue to provide exceptional product offerings, creative financial solutions, and personalized service to the individuals, families, and local businesses that are the foundation of our thriving community.”

Charles River Bank has about $320 million in assets and branches in Medway, Bellingham, Mendon and at Medway High School.