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Salem, Mass., January 30, 2018 – Salem Five announced today that Christine Tran has joined its team as Vice President and Senior Commercial Loan Underwriter, where she will be responsible for underwriting and review of all commercial, commercial real estate and land development loans.
Tran, who has more than 10 years of banking and real estate experience, previously worked as a vice president at The Debt Exchange where she conducted fair market valuations of over $12 billion in performing and non-performing commercial real estate loans. Prior to that, she was the director of lending at ING Bank in Los Angeles and Hong Kong where she originated and managed a portfolio of over $2 billion of commercial real estate loans.
"Christine has a wealth of experience in all aspects of commercial lending, including private equity real estate investment, which is a growing market for us," said Kevin Rourke, SVP and commercial banking division leader at Salem Five. "Her extensive experience, coupled with her knowledge of the commercial real estate industry, makes Christine an ideal addition to our commercial team."
Tran earned a bachelor's degree from Cornell University and an MBA from the Marshall School of Business at the University of Southern California. She lives in Nashua with her partner and son.
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.