SMALL BUSINESS ALERT

The deadline to report beneficial owners to FinCEN is fast approaching. Existing companies are required to file by January 1, 2025. For more details, visit fincen.gov/boi.
 
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StonehamBank maintains and makes available for public inspection our Community Reinvestment Act (CRA) Public File in compliance with Federal Deposit Insurance Corporation's rule and regulation 345.43 Community Reinvestment and Massachusetts General Laws 209CMR 46.43 Community Reinvestment. 

The public file is available for viewing at both our Stoneham and Billerica Locations. Moreover, StonehamBank provides as much of the public record as is transferrable to online viewing on this site. 


CRA Public File 

Under the CRA, the following information must be maintained in a public file, current as of April 1 of each year.

Massachusetts Basic Banking Participating Institution 

Over 30+ financial institutions qualify for Basic Banking for Massachusetts by providing a checking account and/or savings account that meet the Basic Banking for Massachusetts guidelines.