StonehamBank has appointed Ben Craigie to Community Reinvestment Act (CRA) officer, in addition to his roles as assistant treasurer and risk management auditor.

Craigie manages the day-to-day operations of a bank-wide program for risk management, compliance, bank secrecy and audit matters, according to a statement.

As CRA Officer, Craigie will be responsible for ensuring compliance with the Community Reinvestment Act, evaluating new opportunities in both loan and deposit products and certifying the bank’s mission of volunteerism continues each year. Through CRA, financial institutions are encouraged to meet any and all needs of borrowers across all segments of their respective communities.

Additionally, he will manage and coordinate the volunteer efforts of StonehamBank and its staff. StonehamBank has supported local programs and establishments such as Community Dinner, Stoneham Town Day, Stoneham Theatre and the Central School in previous years, and remains committed to community involvement.