StonehamBank Appoints New Chief Executive Officer

September 20, 2018

STONEHAM, MA – September 2018 – StonehamBank has announced the appointment of Edward F. Doherty, Jr. as Chief Executive Officer of StonehamBank. Doherty, who succeeds Janice T. Houghton, has served as the Bank’s Chief Sales and Marketing Officer since 2009.

“StonehamBank has had remarkable transformation over the past years, delivering outstanding value and service to all of our customers and Edward performed a central role in this success,” says Ms. Houghton, Chair of the Board of Directors at StonehamBank. “His expertise, commitment, and customer focus remain sharply focused on the Bank’s ongoing mission and on the Bank’s continuing growth in both the personal and commercial banking arenas.”

“I am grateful for the opportunity to guide StonehamBank in the coming years and to work with the Board of Directors to advance the Bank’s mission,” says Doherty. “Our dedicated team has built a strong community bank that recognizes our obligation to sustain and strengthen the vitality of the community, to provide cutting-edge customer technologies, to offer personal customer service and to support civic and charitable organizations in communities we serve.”

Mr. Doherty joined the StonehamBank family in 2009, working in the Commercial Lending department. He was appointed as Executive Vice President and Chief Sales and Marketing Officer in 2010, has overseen all aspects of the planning and implementation of the Bank’s goals, policies and organizational objectives and activities. In addition, Doherty has focused on managing all aspects of StonehamBank’s sales, marketing, and Human Resource functions.

Ms. Houghton’s retirement will be effective November 9, 2018. Her career at StonehamBank spans more than 45 years, including periods as President and Chief Operating Officer of the Bank, as well as working in the branches, lending and finance departments in a variety of positions.  Houghton will remain with StonehamBank as Chair of the Board of Directors. She has served as President and Chief Executive Officer since July 1999.

Mr. Doherty, a Woburn native, has served as President of the Stoneham Chamber of Commerce and Vice President of the Woburn Boys and Girls Club and is a current board member for the Billerica Alliance.

StonehamBank is excited to welcome Edward F. Doherty, Jr. into his new role. To learn more about StonehamBank, visit: https://www.stonehambank.com/

StonehamBank appoints Edward F. Doherty, Jr. as CEO, effective November 2018.


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