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Tuesday, January 6, 2026
Stoneham, MA – [JAN 2026) – StonehamBank is proud to announce its membership in Mutuals Matter, the national collaborative branding initiative uniting mutual banks across the U.S. In joining this effort, StonehamBank reinforces its commitment to community-first banking and the depositor-owned model that prioritizes customer well-being over shareholder profits.
Launched in October 2024, the Mutuals Matter campaign is a collaborative platform designed to spotlight the distinctive mission of mutual banks: serving depositors and local communities.
As a depositor-owned institution founded in 1886 to provide for community members banking needs, StonehamBank shares the core principles of mutual banking, reinvesting earnings back into the community, not into outside investors. StonehamBank’s participation in Mutuals Matter offers amplified community impact, shared marketing resources and reinforcement of its identity as a bank that puts local families, local activities and local businesses first.
“Joining Mutuals Matter is an exciting step for StonehamBank,” said CEO/President Edward F. Doherty, Jr. of StonehamBank. “This initiative allows us to amplify what we’ve always stood for - putting our customers and communities first. Our commitment goes beyond banking - we actively support local businesses through
shop local programs, which keep dollars in our neighborhoods and strengthen the economic fabric of our towns. By collaborating with other mutual banks nationwide, we can share a unified message about the value of mutual banking and the importance of supporting local business and organizations.”
StonehamBank has long championed Shop Local initiatives, encouraging residents to support small businesses that are the backbone of the community. These campaigns help sustain local jobs, foster entrepreneurship, and ensure that money spent locally circulates within the community, creating a stronger, more resilient economy. By aligning with Mutuals Matter, StonehamBank reinforces this mission on a national stage while continuing to deliver tangible benefits to local merchants and customers.
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. With over 139 years of banking experience, StonehamBank provides progressive products and convenience services, and believes in making a difference in the community through its Community Involvement Program and Charitable Foundation. Member DIF. FDIC-Insured - Backed by the full faith and credit of the U.S. Government. Equal Housing Lender. For more information on StonehamBank, please visit www.stonehambank.com or call directly at 888-402-2265.
About Mutuals Matter
Mutuals Matter is an industry-first, collaborative campaign designed to raise awareness of the unique value mutual banks offer—prioritizing customer-depositors and local communities over shareholder returns. By joining, banks gain access to a full suite of advertising and communications resources aligned with their community-driven ethos.
Launched in October 2024, the Mutuals Matter campaign is a collaborative platform designed to spotlight the distinctive mission of mutual banks: serving depositors and local communities.
As a depositor-owned institution founded in 1886 to provide for community members banking needs, StonehamBank shares the core principles of mutual banking, reinvesting earnings back into the community, not into outside investors. StonehamBank’s participation in Mutuals Matter offers amplified community impact, shared marketing resources and reinforcement of its identity as a bank that puts local families, local activities and local businesses first.
“Joining Mutuals Matter is an exciting step for StonehamBank,” said CEO/President Edward F. Doherty, Jr. of StonehamBank. “This initiative allows us to amplify what we’ve always stood for - putting our customers and communities first. Our commitment goes beyond banking - we actively support local businesses through
shop local programs, which keep dollars in our neighborhoods and strengthen the economic fabric of our towns. By collaborating with other mutual banks nationwide, we can share a unified message about the value of mutual banking and the importance of supporting local business and organizations.”
StonehamBank has long championed Shop Local initiatives, encouraging residents to support small businesses that are the backbone of the community. These campaigns help sustain local jobs, foster entrepreneurship, and ensure that money spent locally circulates within the community, creating a stronger, more resilient economy. By aligning with Mutuals Matter, StonehamBank reinforces this mission on a national stage while continuing to deliver tangible benefits to local merchants and customers.
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. With over 139 years of banking experience, StonehamBank provides progressive products and convenience services, and believes in making a difference in the community through its Community Involvement Program and Charitable Foundation. Member DIF. FDIC-Insured - Backed by the full faith and credit of the U.S. Government. Equal Housing Lender. For more information on StonehamBank, please visit www.stonehambank.com or call directly at 888-402-2265.
About Mutuals Matter
Mutuals Matter is an industry-first, collaborative campaign designed to raise awareness of the unique value mutual banks offer—prioritizing customer-depositors and local communities over shareholder returns. By joining, banks gain access to a full suite of advertising and communications resources aligned with their community-driven ethos.
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