Joshua Mahoney and Shane Bellavance Promoted at Annual Board of Director's Meeting

June 24, 2010

Janice T. Houghton, President and C.E.O. of StonehamBank, announced two recent promotions voted at the bank’s Annual Board of Directors Meeting held on May 13, 2010.

Joshua Mahoney, Sales and Marketing Manager, was appointed to the position of Assistant Treasurer, and Shane Bellavance, Vice President, Residential Lending, Sales and Marketing, was promoted to Senior Vice President, Residential Lending, Sales and Marketing.



Joshua Mahoney

Mahoney began his banking career in 2000 as a Drive-Up Teller at a small community bank. In December of 2006, he joined StonehamBank as a Floating Assistant Branch Manager and soon advanced to the bank’s marketing department in 2007. Mahoney is currently the Sales and Marketing Manager at StonehamBank where he is responsible for developing and implementing the bank’s Strategic Marketing plan. His appointment to Assistant Treasurer demonstrates his drive for professional growth.

Mahoney, formerly a Woburn resident, resides in Lowell, MA.


Shane Bellavance

Shane Bellavance

Bellavance joined StonehamBank in 1995 as Regional Lending Manager and advanced to Vice President of Loan Origination and Secondary Marketing by 2002. Bellavance came to StonehamBank with over 25 years experience in mortgage banking, beginning at Commonwealth Mortgage Corporation in 1981. In addition, he was one of three co-founders of OMNI Mortgage Corporation, a residential lender which subsequently became part of Bristol Mortgage Corporation.

As Senior Vice President Residential Lending, Sales and Marketing, Bellavance will continue to assume full responsibility of the Residential Lending department with a strong emphasis on Secondary Market sales. In addition, he will continue to oversee all of StonehamBank’s Sales and Marketing efforts.

Bellavance resides in Mansfield, MA with his wife.

About StonehamBank

StonehamBank is a full-service community bank offering state of the art products and services to residents and businesses throughout eastern Massachusetts and southern New Hampshire. In addition to providing progressive products and convenience services, StonehamBank believes in making a difference in the community through its Community Involvement Program and Charitable Foundation. For more information on StonehamBank, please visit or call directly at 1-888-402-2265.

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