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Get to know Salem Five

We're a different kind of bank

At Salem Five, we make banking better by listening, building strong relationships, and constantly innovating. Working hand in hand, we can meet your needs like no other bank.

Who we are

Banks come in all sizes. Tiny, local banks will always know their customers’ names, but lack the resources to offer a full suite of services at competitive rates. In contrast, huge corporations can leverage powerful resources, but lack commitment to community and a personal touch.

Salem Five is just the right size. With over 160 years of service to the greater Boston area, 34 local stores, and assets in excess of $4.7 billion, we offer a full suite of products and services at the best rates around—and, when you come into your branch, we’ll still know your name and how you take your coffee.

Through our subsidiaries, Salem Five Mortgage Company, LLC, Salem Five Financial—our full-service brokerage company—and Salem Five Insurance Agency, LLC, we meet the diverse financial needs of individual consumers, small businesses, and middle market companies throughout our region.

Salem Five is a mutual savings bank

Salem Five is owned and operated for the benefit of its customers. As an FDIC insured mutual bank with no stock holders, we’re accountable to our customers, employees, and communities.

Mutual banks work to control risk and act as a stable influence in local markets because most of our customers, both commercial and consumer, live and do business in our community. Since we’re not publicly held and have no stockholders, we can make business decisions with a long-term perspective, building mutually beneficial relationships and maintaining a great degree of flexibility.

It's all about community

At Salem Five, banking isn’t just personalized—it’s personal. We’d love to shake hands and learn how we can help you.

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Corporate Offices

Located on the Pedestrian Mall Walkway
210 Essex Street
Salem, MA  01970
(800) 850-5000
(978) 745-5555

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 $.75/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.

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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.

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