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Salem, Mass., July 31, 2017 – Salem Five is pleased to announce that Jason Consalvo, a vice president and market manager of the bank’s two Salem retail locations, has been elected as the 100th president of the Salem Rotary Club for the 2017-2018 term. Consalvo was sworn in as president at the Club’s annual Installation Dinner at the Kernwood Country Club on June 27th.
The Rotary Club is an international non-profit humanitarian organization comprised of over 1.2 million members worldwide. Consalvo, who is the 100th president of the Salem Rotary Club, will be responsible for supporting member engagement, the club’s community service and fundraising efforts, and overseeing the Club’s centennial celebrations, which will take place in early 2018.
Consalvo has been a Rotarian since 2010, when he joined the Swampscott Rotary Club. When his work moved to Salem in 2013, he joined the Salem Rotary Club. In 2014 Consalvo was asked to join the club’s leadership team, and subsequently served as vice president in 2015-16 and president-elect in 2016-17. During that time, Consalvo also chaired the Scholarship Committee, where he oversaw the distribution of $50,000 to Salem residents pursuing college educations, and the Fundraising Committee, where he worked to raise $45,000 for the Club’s annual dinner and auction event.
“We are incredibly proud of Jason’s civic and philanthropic achievements and appreciate his tireless efforts to give back to others,” said Ping Yin Chai, president and CEO, Salem Five Bank. “Supporting our community is at the heart of our values at Salem Five and we feel privileged to have Jason representing the bank in the Salem community.”
In addition to his work with the Salem Rotary Club, Consalvo is also the immediate past-president of the Salem Chamber of Commerce. He lives in Beverly, MA with his wife and two 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.