Founded in 1855, Salem Five operates 20 branches in Salem, Beverly, Boston, Danvers, Hamilton/Wenham, Lynn, Malden, Marblehead, Middleton, North Andover, Peabody, Saugus, Sudbury, Swampscott and Woburn, Massachusetts. With $2.9 billion in assets, Salem Five is the third largest savings Bank headquartered in Massachusetts. Salem Five provides customers with a full range of retail and commercial banking products and services.
Salem Five Cents Savings Bank can be found in:
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About the bank
Products and services
- Credit Cards
- Certificate of Deposit (CD)
- Savings
- Checking
- Mortgage
- Insurance
- IRA
- Business
This bank is an FDIC insured bank. All deposits are insured up to $250,000 per individual account holder.


