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Tools & ResourcesStonehamBank Announces Sixth Annual Small Business Spotlight Grant Winner
Tuesday, May 19, 2026
Stoneham, MA (MAY 2026): StonehamBank is pleased to announce Axle Color Studio, LLC as the recipient of its sixth annual Small Business Spotlight Grant. Located in North Reading, Axle Color Studio is a well‑established hair, makeup and medical aesthetics salon that has served the North Shore for more than a decade. Known for its commitment to technical excellence, advanced education, and personalized client service, Axle Color Studio has built a strong reputation as a trusted local business and employer.
Founded with a focus on quality, professionalism, and continuous improvement, Axle Color Studio places ongoing education at the core of its culture, ensuring its team remains current with the latest techniques and industry standards. In addition to its services, the salon plays an active role in supporting fellow local businesses and community initiatives throughout the region.
“It is always rewarding to recognize small businesses that consistently demonstrate dedication to their craft and to their community,” said Edward F. Doherty, Jr., President and CEO of StonehamBank. “Axle Color Studio exemplifies the values we seek to support through our Small Business Spotlight Grant—strong leadership, long‑term investment in people, and a clear commitment to the community they serve. We are proud to support their continued success.”
Mr. Doherty recently presented a $5,000 grant check to Axle Color Studio. The funding will be used to support professional development, team growth, and continued investment in the studio’s services and operations.
StonehamBank’s Small Business Spotlight Grant program reflects the Bank’s long‑standing focus on strengthening the local economy by supporting small businesses at every stage of growth. Through its relationship‑based approach to banking, targeted grant initiatives, and ongoing community engagement, StonehamBank is dedicated to helping local businesses succeed and make lasting contributions to the communities they serve.
StonehamBank thanks all applicants who participated in the 2026 Small Business Spotlight Grant program. We are proud to support the local businesses that contribute to the strength and vitality of our communities.
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 138 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. Visit stonehambank.com.
Founded with a focus on quality, professionalism, and continuous improvement, Axle Color Studio places ongoing education at the core of its culture, ensuring its team remains current with the latest techniques and industry standards. In addition to its services, the salon plays an active role in supporting fellow local businesses and community initiatives throughout the region.
“It is always rewarding to recognize small businesses that consistently demonstrate dedication to their craft and to their community,” said Edward F. Doherty, Jr., President and CEO of StonehamBank. “Axle Color Studio exemplifies the values we seek to support through our Small Business Spotlight Grant—strong leadership, long‑term investment in people, and a clear commitment to the community they serve. We are proud to support their continued success.”
Mr. Doherty recently presented a $5,000 grant check to Axle Color Studio. The funding will be used to support professional development, team growth, and continued investment in the studio’s services and operations.
StonehamBank’s Small Business Spotlight Grant program reflects the Bank’s long‑standing focus on strengthening the local economy by supporting small businesses at every stage of growth. Through its relationship‑based approach to banking, targeted grant initiatives, and ongoing community engagement, StonehamBank is dedicated to helping local businesses succeed and make lasting contributions to the communities they serve.
StonehamBank thanks all applicants who participated in the 2026 Small Business Spotlight Grant program. We are proud to support the local businesses that contribute to the strength and vitality of our communities.
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 138 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. Visit stonehambank.com.
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