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Salem, Mass., January 29, 2017 – Salem Five announced today that Mary-Ellen Giolito has joined its team as assistant vice president and market manager. In this role, Giolito will oversee customer experience and business development, with a core focus on community business, at the bank’s Sudbury location.
“We are excited to welcome Mary-Ellen to our growing team,” said Janis Dodge, Salem Five senior vice president of retail banking. “Mary-Ellen’s community banking experience, coupled with her innate understanding of the regional banking landscape, makes her the ideal person to lead Salem Five’s continued growth in Sudbury.”
Giolito most recently managed the Bedford branch of TD Bank. Prior to that, she was a loan analyst for Union Capital Mortgage in Burlington. Her additional banking experience includes roles at Banknorth and the former Fleet Bank.
Giolito is an active member of the Middlesex County business community and a volunteer for Habitat for Humanity. She lives in Andover with her 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.