J. Scott Rickards joins Salem Five’s Board of Trustees

Rickards brings more than three decades of experience to Salem Five.

Salem, MA., April 15, 2026 – Salem Five Bancorp today announced that J. Scott Rickards has been named to its Board of Trustees. Rickards brings more than 30 years of commercial real estate and management experience to the Board, having overseen some of Boston’s most prominent office assets.

Currently a Vice President of Property Management at Lincoln Property Company and member and past President of BOMA Boston, Rickards is responsible for a multi-million-square-foot real estate portfolio in downtown Boston and Cambridge. His deep knowledge of the local real estate market and strategic asset management makes him a valuable advisor for the Bank’s continued expansion in the region.

“Scott has spent over three decades helping shape the commercial fabric of our region, and we are fortunate to bring that depth of experience to our Board,” said Ping Yin Chai, President and CEO of Salem Five Bancorp. “His understanding of the challenges and opportunities facing Boston’s business owners will help ensure Salem Five remains the premier choice for relationship-driven commercial banking.”

Rickards earned his bachelor’s degree from Colby College. Prior to Lincoln Property Company, he held leadership roles at Beacon Management Company and Equity Office Properties overseeing some of Boston’s premier real estate assets including Rowe’s Wharf, One Post Office Square, 60 State Street, and 225 Franklin Street.

About Salem Five Bank

Salem Five Bancorp is the holding company of Salem Five (www.salemfive.com), a mutual bank founded in 1855. Whatever the need and whatever the goal, Salem Five’s banking, investment and insurance professionals have the expertise to move customers forward. Salem Five has more than $8 billion in assets and 33 retail branches in Essex, Middlesex, Norfolk and Suffolk counties. Divisions include Salem Five Mortgage Company, one of the largest mortgage lenders headquartered in New England; Salem Five Wealth Management & Trust, which offers fiduciary wealth management services to institutions and high-net-worth individuals, financial and retirement income planning, portfolio review and money management; and Salem Five Insurance Services, which provides personal and commercial insurance. Salem Five deposits are insured through the FDIC. Salem Five Mortgage Company’s NMLS # is 4662. Equal Housing Lender. Securities are offered through LPL Financial, member FINRA/SIPC. Life insurance products are offered through LPL Financial or its licensed affiliates. Insurance and investment products are not FDIC insured, not bank guaranteed, may lose value, not a deposit, and not insured by any federal government agency.

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