STONEHAMBANK CEO ANNOUNCES PROMOTIONS

STONEHAMBANK DEPOSITORS ARE FULLY INSURED

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.

Wednesday, September 16, 2020

Stoneham, MA (September 16, 2020) — StonehamBank Chief Executive Officer, Edward F. Doherty, Jr., recently announced the promotion of two Bank employees, approved by StonehamBank’s Board of Directors at its August meeting.

The Board approved the promotion of Darren R. Sawicki, CAMS Operations & Project Management, to Senior Vice President and Denise Lelievre, Information Security Officer, to Vice President.

“We are pleased to make this announcement. These promotions reflect our commitment to excellence,” noted Mr. Doherty. “They’re passionate team players who have consistently developed new strategies to help with the Bank’s overall business plan. Darren and Denise truly exemplify StonehamBank’s highest standards of integrity.”

To learn more about career opportunities at StonehamBank, visit stonehambank.com.

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 www.stonehambank.com or call directly at 888-402-2265.