History

1800s

December 11, 1886
Stoneham citizens meet at the Town Office to consider the feasibility of chartering a co-operative bank in Stoneham
January 10, 1887
Stoneham Co-operative Bank Opens for business in Foster's Hall - Lyman Dike, President
1888
First Statement of Condition: Assets of $9,927.78
1892
The Bank relocated our office to Dow Block in Stoneham Square

1900s

1900
Assets of $163,519.46
1915
The Bank relocates again, this time to The Buck Building
1920
Assets of $459,518.45
1927
The Bank moves for the third time. The new office is located in The Chase Block.
1929
Stock Market Crash, Depression
1940
Asset size of $1,547,218.97
1950
Opened new headquarters at 365 Main Street. For the first time in the Bank's 63 year history, we have a first floor location for our customers.
1960
Asset size of $7,659,365.94
1965
Opened a new branch office at Redstone Shopping Plaza
October 1975
Opened branch in North Billerica
1975
Opened new headquarters at 335 Main Street
1978
Richard Coughlin elected as President
1980
Asset size of $57,019,899
1985
ATM Machines were introduced
March 1993
Redstone Branch renovated and relocated at Redstone Shopping Plaza
September 1993
Robert Skelley elected Chairman of the Board of Directors
1996
Debit Cards first offered
1998
Introduction of StonehamBank Website
Late 1990s
Began offering Online Banking
October 1999
Opened new facility at 80 Montvale Avenue in Stoneham for Back Office Operations, Sold 335 Main Street to Stoneham Savings Bank
1999
Jan Houghton elected as first female President and CEO

2000s

2000
Assets of $257,635,000
January 2000
Opened new Montvale Branch at 80 Montvale Ave. Stoneham
December 2000
Began leasing space on the 2nd floor at 80 Montvale Ave. in Stoneham
August 12, 2002
Stoneham Cooperative Bank changes it's name to StonehamBank - A Co-operative Bank
August 2002
Relocated Billerica Branch to new facility at 493 Boston Road with Drive-Up Service
2004
Red Sox win the World Series
2007
Red Sox win the World Series
2009
StonehamBank introduces new products including Mobile Banking, Remote Deposit Capture, Business Internet Banking and more!
2010
Assets of $415,544,000
April 2011
Eugene Passaro elected Chairman of the Board of Directors
January 2012
Celebrating 125 years!
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