Tuesday, March 18, 2025
Stoneham, MA (MAR 2025)— StonehamBank proudly acknowledges that it has, once again, received a 5-Star Superior rating from BauerFinancial, the Nation’s Premier Bank Rating Firm. A 5-Star Superior rating indicates that StonehamBank is one of the strongest banks in the nation, excelling in areas of capital, loan quality, profitability and more. This marks the 58th consecutive quarter that StonehamBank has earned this top rating, which secures it an even more elite status as an “Exceptional Performance Bank”, an honor reserved solely for banks that have maintained a 5-Star rating for 10 years (40 consecutive quarters) or longer.
“We are proud to again receive Bauer’s 5 Star (Superior) rating,” said Doherty. “The rating represents the hard work and commitment of our entire team to ensure that we maintain the banking standards set by federal regulatory agencies.”
“A lot of things are changing,” reflects Karen L. Dorway, President of BauerFinancial Inc. “Rules and regulations are being retooled, technology is advancing at lightning speed, and it’s easy to feel like you’re getting lost in the fray,” she continues. “People don’t want to feel like that at their bank. When they walk into a branch, they want to feel confident that their deposits are safe, that all rules are being followed, and that their banker understands their specific needs. That’s why it’s so important to have 5-Star rated (Superior) banks, like StonehamBank, in our communities. We can be confident that they have our hard-earned deposits properly secured.”
Doherty added that “StonehamBank is committed to maintaining the highest standards and always delivering the highest quality service to our customers. Earning Bauer Financial’s 5 Star (Superior) rating confirms that StonehamBank is a solid, trustworthy financial institution on which our customers can depend.”
StonehamBank was established in 1887 and has been meeting the specific needs of the people in the communities it serves for 138 years. You can be proud to call StonehamBank your bank.
About BauerFinancial Inc.
Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. Since 1983, BauerFinancial has relied upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings). BauerFinancial is not a financial advisor; it is an independent bank research firm. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.
About StonehamBank
StonehamBank is a full-service community bank offering state of the art products and services to residents and businesses throughout eastern Massachusetts and southern New Hampshire. With over 138 years of banking experience, StonehamBank provides progressive products and convenience services, and believes in making a difference in the community through its Community Involvement Program and Charitable Foundation. Member DIF. FDIC-Insured - Backed by the full faith and credit of the U.S. Government. Equal Housing Lender. For more information on StonehamBank, please visit www.stonehambank.com or call directly at 888-402-2265. Visit stonehambank.com.
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