
River Run Announces ‘Pivotal’ New Chief Risk Officer
The mutual holding company for Newburyport Bank and Pentucket Bank has named a new chief risk officer in what it called a “pivotal” appointment.
The mutual holding company for Newburyport Bank and Pentucket Bank has named a new chief risk officer in what it called a “pivotal” appointment.
As the industry faces the risk of loan delinquencies amid a high interest rate environment, inflationary pressures and more vacancies in office properties, Massachusetts’ community banks are promoting risk officers into their executive leadership teams to guard against credit risks.
As chief risk officer at The Cooperative Bank of Cape Cod, Scott Kwarta wants staff to see risk not as an obstacle but as an opportunity for the bank and its customers.
Dawn Mugford, a former senior vice president at Eastern Bank, has joined Rockland Trust Co.’s executive leadership team as chief risk officer.