Thursday, May 21, 2026
STONEHAM, Mass. — StonehamBank is proud to announce the opening of a new branch at 25 Main Street in North Reading, Massachusetts, marking the first new branch since the opening of the Billerica branch in 1976.
This expansion represents a historic milestone for StonehamBank and underscores the Bank’s continued investment in relationship-based banking, local decision-making, and the strength of its people-centered approach to service. The new branch joins StonehamBank’s main offices in Stoneham as well as its Billerica Branch.
“Opening a new branch for the first time in 50 years is a proud and exciting moment for StonehamBank,” said Edward F. Doherty, Jr., President and CEO. “As we continue to grow, we remain grounded in what has always defined us — personal service, trusted relationships, and a genuine commitment to the communities we serve. We are thrilled to become part of North Reading and look forward to serving local individuals, families, and businesses with the responsiveness, care, and local expertise they deserve.”
The new branch will offer a full range of personal and business banking services, combining modern banking convenience with the personalized experience that has distinguished StonehamBank for generations. Designed to be more than a place for transactions, the branch will serve as a local resource where customers can build relationships, access guidance, and work with a team invested in their financial success.
StonehamBank’s decision to open in North Reading was guided by the town’s strong local character, vibrant business landscape, welcoming neighborhoods, and commitment to education and civic life. With well-regarded schools and a family-oriented feel, North Reading is a close‑knit town where StonehamBank’s relationship-based approach can truly thrive. As a mutual bank, StonehamBank is accountable to its customers and communities — not shareholders. That long-term perspective continues to guide the Bank’s growth, shaping an approach rooted in service, trust, and meaningful local impact.
The opening of the North Reading branch marks not only a significant moment in StonehamBank’s history, but also the beginning of a new chapter in its mission to help more people and businesses achieve their goals through personal relationships and local support.
Additional details regarding the opening and grand opening celebrations will be announced in the coming months.
About StonehamBank
StonehamBank is a full-service community mutual bank offering state-of-the-art products and services to residents and businesses throughout eastern Massachusetts and southern New Hampshire. With over 139 years of banking experience, StonehamBank provides progressive products and convenience services, and believes in making a difference in the community through its Community Involvement Program and Charitable Foundation. Member DIF. FDIC-Insured. Equal Housing Lender. For more information about StonehamBank, please visit www.stonehambank.com or call directly at 888-402-2265.
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