Lona M. Lamson

Depositors Insurance Fund is an insurance fund that insures all deposits above Federal Deposit Insurance Corporation (FDIC) limits at its member banks. It provides assistance to a member bank when the Commissioner determines it is inadvisable or inexpedient for the member bank to continue to transact business without receiving financial assistance from the Fund. The company was founded in 1934 and is headquartered in Woburn, MA.

Part of Assabet Valley Bancorp, Inc., Avidia Bank is a mutual community bank that has been providing personal, commercial, and residential banking services for over 150 years. The company is based in Hudson, MA, with additional branches in Westborough, Clinton, Leominster, Marlborough, and Northborough. Avidia Bank offers state-of-the-art electronic banking capabilities to businesses and consumers across central Massachusetts and beyond through robust online and mobile platforms. Robert D. Cozzone has been the CEO of the company since 2023.