Salem Five Insurance Services Expands Leadership Team with Addition of Gregory Grintchenko

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Woburn, MA., July 17, 2026 – Salem Five Insurance Services (SFIN), a division of Salem Five, today announced the appointment of Gregory Grintchenko, C.I.S.R., C.P.I.A., as Senior Vice President, Insurance Sales. The addition strengthens SFIN’s leadership team and supports its continued focus on growth, performance, and client service.

Grintchenko is a results-driven insurance executive with deep experience in personal and commercial lines, sales management, and operational leadership. He has a proven record of building high-performing teams, driving organic growth, and scaling efficient sales operations.

“We are continuing to invest in the right talent to support our next phase of growth,” said Heather Smith, President of Salem Five Insurance Services. “Greg brings leadership, sales expertise, and operational discipline, along with the ability to build strong teams and deliver consistent results.”

Most recently, Grintchenko led more than 40 insurance professionals and oversaw a multi-million-dollar portfolio across personal and commercial lines. He consistently exceeded sales goals, improved operating margins, and drove revenue growth through disciplined pipeline management and team development.

Earlier, Grintchenko spent more than a decade in senior leadership roles at a leading regional insurance firm, overseeing new business production, sales strategy, and talent development. His leadership helped drive sustained year-over-year growth and earned multiple top-sales leadership awards.

“Greg is not only a strong leader and strategist, but someone who knows how to build culture and develop talent,” added Smith. “As we continue to scale, those capabilities are critical to growing intentionally and sustainably.”

Grintchenko’s appointment reflects SFIN’s broader strategy to strengthen leadership, enhance its sales engine, and elevate the client experience through consultative, relationship-driven service.

About Salem Five Insurance and Salem Five Bancorp

Salem Five Insurance is a subsidiary of Salem Five Bancorp, which is also 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 $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 offering fiduciary wealth management services to institutions and high-net-worth individuals; 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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