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. 

Friday, March 18, 2022
STONEHAM, MA (March 18, 2022) – StonehamBank CEO Edward F. Doherty, Jr. recently announced a donation to the Reading-based Mission of Deeds  to support the organization’s annual Buy a Bed campaign.

“We are grateful to so many of our customers and employees who contributed to the Buy a Bed campaign and excited that we were able to make a donation from the Bank as well, which allowed us to present $1,500 to purchase mattresses, box springs and bed frames for those in need. It is heartwarming to know that families will have a good night’s sleep in a comfortable new bed. StonehamBank has partnered with Mission of Deeds on this project and others for many years now and we look forward to a continued fruitful partnership.”

Mission of Deeds , founded in 1993, provides beds, furniture and household goods donated or purchased, to families in need who are establishing a new home. Clients include those who were formerly homeless, victims of domestic violence, elders without support, refugees, displaced veterans and the disabled. For more information on Mission of Deeds visit or call 781-944-9797. 

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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