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Salem, Mass., December 1, 2017 – Salem Five announced today that Alexander Zapata has joined its team as a vice president and market manager. In this role, Zapata will oversee customer experience, business development and operations at the bank’s Burlington locations.
Zapata, who has more than 10 years of banking experience, previously held roles at the vice president level at Citizens Bank and Citibank. In addition to his position at Salem Five, Zapata is an adjunct professor at the Sawyer School of Business at Suffolk University where he teaches entrepreneurship.
“A desire to be a part of and give back to the communities where we operate is at the core of our values at Salem Five,” said Joseph Riley, executive vice president of retail banking services at Salem Five. “Alexander’s commitment to serving his local community, coupled with his extensive banking experience, make him an ideal fit to lead our Burlington team.”
Zapata earned a bachelor’s degree from Curry College and an MBA from Suffolk University. An active member of his local community, he is a member of the Board of Directors of the YMCA of Greater Boston, Girls, Inc. and Equity Lab Charter School. In 2017, Zapata was recognized as one of El Mundo Boston’s Latino 30 under 30. He lives in Boston with his wife and four children.
Bancorp is the parent bank holding company of Salem Five (www.salemfive.com), a mutual institution founded in 1855. Salem Five aims to make money less complicated and thereby make customers’ lives simpler and easier by offering sophisticated retail and commercial banking products, personalized service and innovative technology. Salem Five is one of the largest Massachusetts-headquartered banks with $4.7 billion in assets and 34 retail branches in Essex, Middlesex, Norfolk and Suffolk counties and New Hampshire. Divisions include Salem Five Mortgage Company, which has financed more homes than any other Massachusetts bank; Salem Five Financial which offers financial and retirement income planning, portfolio review and money management; and Salem Five Insurance Agency, which provides personal and commercial insurance. Salem Five deposits are insured through the FDIC and DIF. 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.