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 Risk Management Officer, CRA/Fair Lending Officer

As Senior Vice President and Chief Risk Management Officer, CRA/Fair Lending Officer, Greg is responsible for making sure StonehamBank is in compliance with laws, regulation, and rules of governing operations. He serves as a liaison in managing the internal and external audit functions of the Bank, and advises management of methods to develop and improve the Bank’s regulatory performance. Greg is also accountable for the oversight and responsibility of Enterprise Risk Management. The Stonehill College alum has a strong background in compliance, CRA and auditing and has multiple certifications, including Certified Anti-Money Laundering Specialist, Certified Enterprise Risk Professional and Certified Regulatory Compliance Manager. When Greg isn’t at work, he enjoys fitness and spending time with his family.