Salem Five (Salem Five Cents Savings Bank)
in the United States 🇺🇸
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About Salem Five (Salem Five Cents Savings Bank) in the United States
Salem Five (Salem Five Cents Savings Bank) is a traditional mutual savings bank headquartered in Salem, Massachusetts, with approximately $8.4 billion in assets. Operating primarily on Boston's North Shore and extending into Boston and Middlesex County, the bank provides comprehensive financial services through 34 branches serving consumers and businesses throughout the region.
As a mutual bank, Salem Five is owned by its depositors rather than shareholders, allowing it to focus on long-term customer relationships and community development rather than short-term profit maximization. The bank has built a reputation as a leading community-focused financial institution while embracing innovation and technology.