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We're a different kind of bank
Salem Five is a Full-Service Financial Services CompanyWhatever the need and whatever your goal, Salem Five’s banking, investment, mortgage, and insurance professionals have the expertise to move you forward. We believe our success is measured by your success.
Who We Are
From our modest beginnings in 1855 as a savings bank serving the people of Salem, we have steadily added services to meet the complex financial needs of families and businesses throughout New England. Today, we employ top financial professionals and have more than 30 retail branches and over $8 billion in assets.
We take particular pride in our ability to help people achieve home ownership. Our residential mortgage division, Salem Five Mortgage Corporation , has helped more people buy homes than any other community bank headquartered in New England.
We’ve also embraced new technologies, becoming the first bank on the internet in 1995 and continuing to innovate to better serve our customers.
Salem Five is a Mutually Owned Bank
Salem Five is owned and operated for the benefit of its customers. As an FDIC-insured mutual bank with no stockholders, we are accountable to our customers, employees, and communities.
Mutual banks provide stability because customers typically live and do business locally. Without stockholders, we make long-term decisions focused on relationships and flexibility. This mutual structure drives our customer-first approach.
It's All About Community
Through the Salem Five Charitable Foundation, we support a wide range of community organizations to help ensure strong and vibrant communities.
Recognized Excellence
Newsweek and Plant-A Insights Group honor banks that positively impact their communities.
Salem Five has earned a 5‑Star Superior rating from BauerFinancial, one of the nation’s leading bank rating firms. This distinction recognizes excellence in capital strength, loan quality, profitability, liquidity, and more.
The latest updates on your community bank
Founded in 1855 in Salem, MA
A message from our President
Our commitment to stability and security
We support our community
$25,000 given to local scholars annually
Join our community-focused professional team
Corporate Offices
Located on the Pedestrian Mall Walkway
210 Essex Street
Salem, MA 01970
(800) 850-5000
Services Available: 24-hour ATM available off of the pedestrian walkway
Salem, MA is located approximately 16 miles (30 minutes) north of Boston and is bordered by Beverly, Danvers, Lynn, Marblehead, Peabody, Swampscott and the Atlantic Ocean. Major routes through the city are 1A, 107 and 114 (connects with Routes 128, 95 and 1). Boston & Maine Railroad serves Salem with freight service, and the MBTA maintains a commuter rail stop and inter-/intra-city bus service. Air service is available from Beverly Airport (5 miles away) and Logan International Airport (16 miles away). Access is also available by water from Boston on the Salem Ferry.
Parking Options –
Church Street Lot: Multi-space metered lot located across from "The Essex" Condominiums. Multi-space meters accept credit cards, cash or by the Passport Parking mobile app and must be paid before leaving your car.
Salem Green Lot: Metered lot located next to Salem Five Investment Services.
Museum Place Garage: The garage costs $1.25/hour paid at kiosks throughout the garage. The Museum Place garage is located across the street from the Salem Regional Visitor Center.
Meters: On street parking meters are located throughout the downtown area and can be paid via credit cards, cash or the Passport Parking mobile app.
Directions to Salem, MA –
From Route 128-North: Take exit 25A and follow Route 114-East into Salem. Once in Salem, follow signs to the Salem Visitor Center, Museum & Historic Sites and Downtown Parking. Please note: I-95 North and Route 128-North share the same road for the loop around Boston. When the roads divide, stay on Route 128-North. At this point, the exit numbers jump from #45 to #28.
From Logan Airport: Take Route 1-A North and at Salem Border, follow the signs for the Salem Visitor Center, Museum & Historic Sites and Downtown Parking. Logan International Airport is the closest airport to Salem. The Manchester, New Hampshire, regional airport is one-hour northwest of Salem.
From the North: Take I-95 South (Maine) or I-93 South (New Hampshire) to Route 128-North. Take exit 25A and follow Route 114-East into Salem. Once in Salem, follow signs to the Salem Visitor Center, Museum & Historic Sites and Downtown Parking. Please note: I-95 North and Route 128-North share the same road for the loop around Boston. When the roads divide, stay on Route 128-North. At this point, the exit numbers jump from #45 to #28.
From the West: Take I-90-East to I95/Route 128 North. Take exit 25A and follow Route 114-East into Salem. Once in Salem, follow signs to the Salem Visitor Center, Museum & Historic Sites and Downtown Parking. Please note: I-95 North and Route 128-North share the same road for the loop around Boston. When the roads divide, stay on Route 128-North. At this point, the exit numbers jump from #45 to #28.
From the South: Take Route 93 North to the Mass Pike (I-90 East) via the Ted Williams tunnel (Exit 23) East to Route 1A North. Take Route 1A North to Salem.