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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Tools & ResourcesStonehamBank Depositors are fully insured.
Have peace of mind all deposits are fully insured at StonehamBank through both FDIC and DIF.
Deposit Insurance
Each depositor of StonehamBank is insured by the Federal Deposit Insurance Corporation (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.
If you have questions about your coverage, or would like to learn more about depositor insurance and how it works, we encourage you give us a call directly at 888.402.2265.
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