Sujata Yadav Named President of River Run Bancorp
The veteran banker assumed the role in October 2026 and is slated to become the company's CEO in 2027.
Updated on Oct. 11, 2026 in People
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Sujata Yadav has been appointed president of River Run Bancorp, a Massachusetts-based company that manages three distinct regional banks. She is scheduled to succeed Lloyd L. Hamm Jr. as the organization's CEO on July 1, 2027.
Why it matters
This leadership transition signals the next phase of growth for River Run Bancorp as it continues to balance local banking identities with shared corporate infrastructure. The move ensures a planned succession as the company scales its digital services across Massachusetts.
River Run Bancorp operates three banks, including Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust, which serve the region through shared infrastructure. Sujata Yadav brings 24 years of banking industry experience to her new position.
The players
Sujata Yadav
Sujata Yadav is the newly appointed president of River Run Bancorp with 24 years of experience in the banking sector.
Lloyd L. Hamm Jr.
Lloyd L. Hamm Jr. is the outgoing CEO of River Run Bancorp who will transition into an executive chairman role in 2027.
River Run Bancorp
River Run Bancorp is a Massachusetts-based holding company that operates Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust.
The details
River Run Bancorp maintains a unique model where its member banks retain their own brands, boards, and local decision-making authority. This structure utilizes a shared platform to deliver digital services and scale investments in technology across the network.
Timeline
Sujata Yadav became president of River Run Bancorp in October 2026.
Sujata Yadav will replace Lloyd L. Hamm Jr. as CEO on July 1, 2027.
Lloyd L. Hamm Jr. will serve as executive chairman from July 2027 to July 2029.
Market Landscape
The leadership shift highlights the ongoing industry trend of regional banks adopting shared services models to maintain competitive scale. This strategy allows institutions like River Run Bancorp to challenge larger national rivals by centralizing infrastructure while preserving local identity.
Customers of Newburyport Bank, Pentucket Bank, and Rollstone Bank & Trust should expect continued access to their existing local branches and services. The transition to shared infrastructure is designed to maintain local decision-making while improving digital banking capabilities for account holders.
The takeaway
The appointment of a new president highlights the importance of strategic succession planning in regional banking. Readers can observe how financial institutions balance the need for modern technology investments with the preservation of community-focused local bank brands.
Further reading
Find more leadership changes across the state in our People section.
Source note: This article includes information reported by Banker & Tradesman.
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