Press Releases

Find out what Salem Five is doing in the greater Boston community to see how a local bank can make a big difference. We’re proud to be working to strengthen and support Salem and beyond.

Salem Five Charitable Foundation Awards $46,000
January 10, 2020 - As part of its continued commitment to support and strengthen the communities it serves, Salem Five recently awarded a total of $46,000 to twenty-three area nonprofit ...
Salem Five Mortgage Company Growing with New Loan Officer Hires
January 2, 2020 - Salem Five Mortgage Company is pleased to announce the hiring of experienced loan officers to service homebuyers throughout greater Boston ...

2019

Salem Five Bank Offers Person-to-Person Payments with Zelle
October 28, 2019 - Salem Five customers can now send, request and receive money from nearly anyone with a bank account in the U.S. using Zelle. Whether paying back a friend for last night’s dinner, splitting costs while ...
Lisa Carbone Joins Salem Five as Senior VP, Director of Cash Management
September 3, 2019 - Salem Five announced today that Lisa Carbone has joined its team as senior vice president and director of cash management in the commercial services division. Ms. Carbone will oversee the bank’s cash management functions ...
Erin Silva Joins Salem Five as Vice President, Product Manager
September 3, 2019 - Salem Five Bank announced today that Erin Silva has joined its team as Vice President and Product Manager, handling the development, management and optimization of consumer and business deposit products and services ...
Raj Velmurugan Joins Salem Five as Senior Vice President & Chief Information Officer
April 30, 2019 - Salem Five recently announced that Raj Velmurugan joined its team as senior vice president and chief information officer. Velmurugan comes with more than 20 years of experience as an IT executive ...
Cam Neely Joins Salem Five at Saugus Grand Opening
April 2, 2019 - Boston hockey legend Cam Neely will celebrate the Grand Opening of Salem Five’s new Saugus location at the Avalon Hilltop on Route 1. The event will kick off on April 6 ...
Heritage Salem Five Charitable Foundation Awards $5,000
February 15, 2019 - Heritage Salem Five Charitable recently awarded $5,000 to nine local nonprofit organizations ...
William Dorcena Joins Salem Five
January 28, 2019 - Salem Five announced that William Dorcena joined its team as a senior loan officer, based out of its Boston office at 52 Congress Street ...