Community Development & CRA

StonehamBank maintains and makes available for public inspection our Community Reinvestment Act (CRA) Public File in compliance with Federal Deposit Insurance Corporation's rule and regulation 345.43 Community Reinvestment and Massachusetts General Laws 209CMR 46.43 Community Reinvestment. 

The public file is available for viewing at both our Stoneham and Billerica Locations. Moreover, StonehamBank provides as much of the public record as is transferrable to online viewing on this site. 

Under the CRA, the following information must be maintained in a public file, current as of April 1 of each year.

• CRA Evaluation
• CRA Disclosure Statement
• CRA Letter
• Home Mortgage Disclosure Act Notice
• Facility Based Assessment Area Map
• Facility Based Assessment Area Census Tract and County Information
• All Public Comments Received for the Current Year and Prior 2 Calendar Years - NONE
• Services Available
• Fee Schedules
• Branch Information

Over 30+ financial institutions qualify for Basic Banking for Massachusetts by providing a checking account and/or savings account that meet the Basic Banking for Massachusetts guidelines.