All deposits are fully insured at StonehamBank through both FDIC and DIF.   

Each depositor is insured by the FDIC to at least $250,000. All deposits above the FDIC insurance amount are insured by the Depositors Insurance Fund (DIF). The combination of FDIC and DIF insurance provides customers of our bank with full deposit insurance on all their deposit accounts. No depositor has ever lost a penny in a bank insured by both the FDIC and the DIF. Please Click Here to view our 2022 Annual Report. 

Monday, August 30, 2021

STONEHAM, MA (August 30, 2021) – StonehamBank CEO Edward F. Doherty, Jr. recently announced a new Branch Manager at the Bank’s Billerica Branch, located at 493 Boston Road.

Minakshi Kaila, a Billerica resident, has assumed the duties as StonehamBank’s Billerica Branch Manager. Mina has been in the banking industry for 10 years, primarily in the retail services area, and joined StonehamBank in 2015.

“Mina is well known to many Billerica community members already” notes Doherty. “Her extensive background in the financial industry, as well as her attention to building relationships beyond transactions makes her an excellent fit for her role as Branch Manager,” he adds.

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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. In addition to providing progressive products and convenience services, StonehamBank believes in making a difference in the community through its Community Involvement Program and Charitable Foundation. Member FDIC. Member DIF.  Equal Housing Lender. For more information on StonehamBank, please visit or call directly at 888-402-2265.

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