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. 


Senior Vice President, Chief Operating Officer

As Senior Vice President, Chief Operating Officer, Darren is responsible for the core banking technology relationship and the implementation of bank products, services and systems which are delivered to customers and employees. Darren enjoys working in a community banking environment and helping to create efficiency across the Bank. Darren is a graduate of the University of Massachusetts Lowell and received his master’s degree in business from Rivier University. Darren is also a Certified Anti-Money Laundering Specialist. In the community, Darren enjoys volunteering at the Greater Boston Stage Company and participating in the Bank’s financial literacy programs held at local schools and nonprofits. Darren lives in Woburn with his family and enjoys spending time with them in his free time.