Who We Are

In 1886, the town of Stoneham faced a sagging economy primarily due to the weakening of the once prosperous shoe industry. Facing uncertain economic times, Stoneham residents had few places to turn for financial support. It was at this point that a group of Stoneham citizens got together at the Town Office to consider the feasibility of establishing a co-operative bank in Stoneham.

On January 10, 1887, StonehamBank was established to assist the town and its citizens in the transition from an industrial center to a residential community populated by individuals who work outside of its borders. Being state chartered as a co-operative bank meant that its directors would be elected by its shareholders, giving customers a real voice.

StonehamBank still operates under the same premise today - more than 130 years later. As a mutual institution built on the fundamental principles of service, excellence, and trust, StonehamBank continually strives to exceed expectations for the benefit of the community and customers. Together, the team consistently works to achieve common financial goals and provide more opportunities for financial growth and success. As an integral part of the community, you can count on StonehamBank as a financial partner that will deliver an Optimum Banking™ experience with effective financial solutions that will help you do more.

• Ever-evolving Technology:  As your neighbor and friend, we have the capabilities of a larger institution with the personal touch you'd expect from a community bank. That's why we stay up-to-date on the latest technologies, to help maximize efficiency, convenience and security for your banking experience.
• Optimum Pledge: The communities we serve is our home. The people who live here are our neighbors and friends. We want our communities to thrive. That's why up to 10% of our profits go to worthwhile causes that benefit the people in our communities. Just by banking with us you are part of this powerful initiative
• People-First Approach: As your local bank and neighbor, we prioritize people over transactions. Whatever your needs, we are here to meet them. By listening and learning about your financial goals and beyond, we build long lasting relationships that empower us to advocate for you during any financial season. 
• Efficient Solutions: Our experienced team is always standing by, ready to solve your financing needs as fast and efficiently as possible. And because we're local, we are always working to offer flexible lending solutions that are tailored to meet your goals and budget. With us by your side, the process is streamlined, making the time between application and closing quick, simple and easy to understand,  every step of the way.
• Optimum Banking^TM
  Simply stated, Optimum Banking describes the experience StonehamBank delivers each and every time you reach out to us. Whether online, over the phone or in-person at our offices, you can expect to be presented with the best combination of benefits, convenience, technology, and flexibility.