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, October 19, 2020

Stoneham, MA (October 19, 2020) –StonehamBank has been named top Greater Boston Bank for Overall Quality by the Banking Choice Awards.  The prestigious Banking Choice Awards are presented annually by American Business Media, publishers of “Banking New England,” and Rivel Banking Benchmarks.

According to the President and CEO of American Business Media, Vincent M. Valvo, “Customers can choose to bank wherever they want. The Banking Choice Awards determine which banks do it best.”

“We’re so proud to be chosen as the #1 Overall Bank in Greater Boston,” said Edward F. Doherty, Jr., CEO, StonehamBank. “As a community bank our customers and community are the heart of everything we do. This is a great achievement and we appreciate the recognition for our efforts.”

To learn more about the Banking Choice Awards visit, here

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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