The board of directors of River Valley Community Bank has promoted Executive Vice President John M. Jelavich to the position of chief operating officer.
Jelavich assumed responsibility for all day-to-day operations of the bank effective June 1.
“John is a proven member of the senior management team and instrumental to the success of River Valley Community Bank,” said River Valley Community Bank Chairman Gary Thiara. “The board of directors is confident that the bank will continue to have solid performance under John’s leadership in his expanded role.”
While this new appointment represents a shift in responsibility for day-to-day operations, it does not represent a shift in philosophy or strategy.
“The principles that have made River Valley Community Bank successful have not changed,” Jelavich said. “We are committed to staying true to the bank’s founding mission of providing our customers a high-quality relationship banking experience while offering competitive banking products and services.”
Prior to joining the bank in 2010, Jelavich spent 22 years with The PMI Group, a provider of credit enhancement to facilitate mortgage lending and securitization. At PMI, he served in numerous senior-level finance, credit risk management, operations and loss mitigation capacities.
John I. Jelavich remains president and chief executive officer of River Valley Community Bank.