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, June 2, 2021

Stoneham, MA (June 2, 2021) — StonehamBank Chief Executive Officer Edward F. Doherty, Jr. recently announced the promotions of several bank employees, approved by the Bank’s Board of Directors at its May meeting.

The Board approved the promotion of the following: Kevin Marquis to Senior Vice President /Chief Credit Officer/Environmental Officer; and, Senior Vice President Darren Sawicki to Chief Operating Officer.

The Board also approved the promotion of the following individuals to Vice President: Michele Devir, Loan Administration Manager; Michelle Palmisano, Loan Servicing Manager; Quince Papanastassiou, Senior Loan Underwriter; Robert Rossignol, Senior Credit Analyst. And, the Board approved a promotion for Maria Cimina to Assistant Treasurer/Commercial Loan Administrator.

“We are proud to see the growth in leadership of these individuals during the COVID-19 pandemic,” noted Mr. Doherty. “These promotions signal the Bank’s resilience, strength, and a bright outlook for our future.”

To learn more about career opportunities at StonehamBank, visit:

 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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