THIS IS
COMMUNITY BUSINESS

We invite you to Thrive with Five!

Barber standing behind his client chair


At Salem Five, we believe that true success lies in hard work, persistence, and unwavering loyalty. We’re not just a financial institution or even your average business partners. We are a warm, passionate, and highly active team that gets invested in your business journey and connects you to whatever or whomever you need to succeed. When you join Salem Five, you have access to a unique business network. With specialists such as business bankers, wealth advisors, insurance professionals, and mortgage loan officers as well as connections to hundreds of other businesses and specialists throughout the region. It’s a community all working together.

We'd love to introduce you to our community. Find a Branch Manager near you or contact one of our Community Business Bankers.


Flexible Deposit Accounts

Accounts for different business needs, such as:

Business Statement Savings

With a Business Statement Savings account from Salem Five, you’ll enjoy interest compounded daily and credited monthly, unlimited deposits and withdrawals at your local branch, 24/7 account access, and more. Learn More.

Lending Options

Loans and Lines of Credit to help you access funds when you need them.

SBA

An SBA loan is geared specifically to small businesses and might be right for you and your company. As an SBA Preferred Lender, Salem Five can simplify the application process. Learn More.

Term Loans & Lines of Credit

From purchasing equipment or vehicles and consolidating debt, to having capital on tap, a Salem Five term loan or line of credit can help you grow at your own pace. Learn More.

Commercial Real Estate

Salem Five has the right resources to fund a commercial real estate transaction for your business. Learn More.

Credit Cards

A Business Credit Card from Salem Five offers the features and flexibility you’re looking for. Learn More.

Business Online Banking

Online banking is the foundation for our cash management services. With security features and data encryption, you can be sure your information is safe.

Features

  • Account Transfers
  • Alerts
  • User Management
  • eStatements
  • Mobile Banking
  • Mobile Deposit
  • Reporting
  • Bill Pay and more

Cash Management

The technology, tools, and expertise to help you manage cash flow and drive profitability.

Cash Flow Solutions

A suite of competitively priced services allows you to choose the modules that work best for your business. Learn more. For businesses needing more robust cash management services, we offer Business Analysis Checking.

Merchant Services

Salem Five has partnered with Clover to offer the latest technology for point of-sale (POS) systems.

Features

  • State-of-the-art POS (Point of Sale) systems
  • Accept credit, debit, and gift cards, chip cards, and digital wallets
  • Inventory and staff management functionality available
  • PCI compliant to minimize the risk of credit card fraud to provide you and your customers peace of mind
  • Learn more

Business Banking Consultation

When you become a customer of Salem Five, you have a whole community at your service. Your business banker is the QB and works with you to get you what you need and help you get where you want to go.

More

  • A team of business bankers
  • Wealth advisors
  • Business Insurance professionals
  • Connection to the rest of the Salem Five community network


 

Our Community Business Bankers

Edward Lomasney
Edward Lomasney
SVP, Team Leader – Community Business Banking
  
Shawn Ford
Shawn Ford
SVP, Community Business Banking
  
Jason Consalvo, Salem Five Community Business Banking
Jason Consalvo
VP, Community Business Banking
  
Maria Zeqo
Maria Zeqo
VP, Community Business Banking