$4 Million Revolving Credit Facility Provided to NorEast Outdoors, LLC

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Salem, MA., August 3, 2026 – Salem Five's Business Credit team has provided a $4 million revolving credit facility to NorEast Outdoors, LLC, a Pocasset, Massachusetts-based designer, importer, and distributor of high-quality outdoor recreation products.

The financing will provide the working capital needed to support NorEast Outdoors' continued growth by funding inventory purchases, manufacturing deposits and seasonal operating needs. The flexible structure of the revolving credit facility will help the company manage the timing of inventory production and shipments, while maintaining the liquidity necessary to serve customers and retail partners across North America.

Founded and led by CEO Dan Roy, NorEast Outdoors designs and sources affordable, innovative products for camping, hiking, paddlesports, beach and backyard recreation. The company markets its own NorEast Outdoors brand while also representing a select portfolio of partner brands.
"Our passion at NorEast Outdoors has always been to bring high-quality, affordable products to the outdoor market and give consumers what they need to get outside," said Dan Roy, CEO of NorEast Outdoors. "Whether that's sitting around a campfire, spending time by the lake, or relaxing in the backyard, we want our products to make those experiences even better. To support that mission, we need a banking partner who understands the way our business operates. I've worked with a number of bankers over the past 20 years, and Keith Broyles, now SVP at Salem Five, is one of the few I've truly considered a business partner.”

Roy adds that “the entire process with Salem Five—from negotiation through closing—was straightforward, transparent, and smooth. This new credit facility gives us the liquidity and flexibility we need to manage overseas manufacturing, fund inventory, and navigate the seasonal demands of our business.”

"We're proud to welcome NorEast Outdoors to Salem Five and support Dan and his team as they continue to grow," said Keith Broyles, Senior Vice President, Business Credit at Salem Five. "NorEast Outdoors has built a strong reputation for delivering quality outdoor recreation products. We worked closely with the company to structure a financing solution that aligns with its operating cycle and provides the flexibility needed to support future growth. We look forward to continuing our long-term banking relationship with Dan and NorEast Outdoors."

The Business Credit team is part of an expanding Commercial division at Salem Five which offers a variety of financial solutions to businesses. With a full suite of products and services, Salem Five supports area businesses with lines of credit, term loans, construction financing, real estate financing, treasury management and specialized offerings such as bankruptcy banking, sponsor finance and aviation lending.

About NorEast Outdoors

NorEast Outdoors is a Massachusetts-based designer, importer, and distributor of high-quality outdoor recreation products. The company develops affordable, innovative gear for camping, hiking, paddlesports, beach, and backyard recreation while representing both its own NorEast Outdoors brand and select partner brands. Committed to quality, value, and exceptional customer service, NorEast Outdoors serves customers and retail partners throughout North America.

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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