News
Find out what Salem Five is doing in the greater Boston community to see how a local bank can make a big difference. We’re proud to be working to strengthen and support Salem and beyond.
Salem Five Donates $20,000 to My Brother's Table
June 5, 2024 - Salem Five Bank recently donated $20,000 to a soup kitchen’s dining room renovation project that was launched to meet increasing ...
Mutual Interest News - April 2024
April 2024 - Help us go green and go paperless. Read our Economic Outlook for Q1 2024 and partnership with New England Sports Network (NESN) ...
Mutual Interest News - January 2024
January 2024 - The holiday season brought out our giving spirit and Salem Five has received the highest rating of five stars from Bauer Financial for ...
2023
Salem Five Charitable Foundation Surprises 13 Non-Profits
December 19, 2023 - The Salem Five Charitable Foundation has awarded $39,000 to 13 different not-for-profit organizations that provide housing, food ...
Salem Five Launches Third Annual Holiday Toy Drive
November 13, 2023 - “There’s no better feeling than helping families in need during the holiday season,” said Joe Riley ...
Salem Five Insurance Acquires Philbin Insurance Group
September 5, 2023 - Salem Five Insurance has acquired Lynnfield-based Philbin Insurance Group, which was founded in 1989 and is ...
Matt Marmen Recognized by Community Development Company
July 29, 2023 - Matt Marmen, senior vice president in Salem Five’s Commercial Banking Division, received the prestigious “Massachusetts Banker of the Year" ...
Mutual Interest News - May 2023
May 2023 - Go Green, CD and IRA specials, NESN collaboration and an Economic Insight by Sean Tesoro ...
Salem Five Steps Up to Help the Boys & Girls Club of Greater Salem
May 8, 2023 - Salem Five employees donated 142 pairs of new sneakers to the children and staff at the Boys & Girls Club of Greater Salem ...
Salem Five Insurance Acquires Nichols Insurance Agency Inc.
March 8, 2023 - This exciting partnership provides Nichols customers with more choice while maintaining the same great service that they ...
Mutual Interest News - January 2023
January 2023 - Our second annual Holiday Toy drive was a huge success. We again partnered with The Salvation Army to ...
2022
Salem Five Charitable Foundation Surprises Non-Profits
December 19, 2022 - The Salem Five Charitable Foundation has awarded $17,500 to seven different not-for-profit organizations that provide clothing, energy assistance and ...
Salem Five Insurance Acquires Cavanaugh Insurance Agency
December 12, 2022 - Salem Five Insurance, a subsidiary of Salem Five Bancorp, announced today that it has acquired Cavanaugh Insurance ...
Salem Five Launches Second Annual Holiday Toy Drive
November 21, 2022 - Salem Five Bank is again teaming up with The Salvation Army, Massachusetts Division to collect new, unwrapped toys for children ...
Salem Five Announces "Bright Minds" Scholarship Winners
November 14, 2022 - Three recent high school grads are recipients of the bank’s third annual scholarship program ...
Mutual Interest News - October 2022
October 2022 - Salem Five once again partnered with Northshore Magazine to present the Movers & Shakers Awards and more ...
Salem Five Named Best-In-State Banks 2022
July 18, 2022 - This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider ...
Mutual Interest News - July 2022
July 2022 - A bear market is officially here thanks largely to stubbornly high inflation. For many of us, it has probably felt like a bear market ...
Mutual Interest News - April 2022
April 2022 - Salem Five has secured a major sponsorship with New England Sports Network (NESN) starting this month ...
NESN and Salem Five Bank Partner on Naming Rights
April 4, 2022 - New England Sports Network and Salem Five Bank today announced a multiyear naming rights sponsorship for NESN’s signature studio in Watertown ...
Philip Soares Promoted to Team Leader of Commercial Real Estate
March 14, 2022: Salem Five Bank has promoted Senior Vice President Philip Soares to Team Leader of its Commercial Real Estate Division, taking over ...
Gerard “Jay” Boyle, Jr. Stepping Down as President of Salem Five Insurance
January 3, 2022 - After leading Salem Five Insurance over the past 15 years as it quadrupled in size, Gerard “Jay” Boyle, Jr. is stepping down as President ...
Mutual Interest News - January 2022
January 2022 - Salem Five Bank believes strongly in giving back to the communities we serve. This past December, we were proud ...