River Run
Michael Bonsey currently serves as the Executive Vice President and Chief Risk Officer at River Run since September 2024. Prior to this role, Bonsey held the position of Chief Credit Officer at Cambridge Savings Bank from April 2021 to June 2024, where leadership of a 30-member team and participation in senior management discussions were key responsibilities. Bonsey also served as Chief Credit Risk Officer at Northern Bank and as Executive Vice President at Leader Bank, contributing to credit risk management and team development. Earlier experience includes a significant tenure at Bar Harbor Bank & Trust, overseeing the company's risk profile and compliance management as Executive Vice President. Bonsey holds an MBA from the University of Southern Maine and a bachelor's degree in Accounting from the University of Maine at Augusta.
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River Run
River Run is the shared services company under the umbrella of River Run Bancorp, MHC, which is the mutual holding company for both Newburyport Bank and Pentucket Bank. It was created to help support and sustain community banking. River Run is community banking, evolved.