Salem Five’s Jason Consalvo Named Businessman of the Year

May 2018

by the Salem Chamber of Commerce

Salem, Mass., May 23, 2018 – 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 named Businessman of the Year by the Salem Chamber of Commerce. Consalvo was recognized with the award at the Chamber’s recent Celebrate Salem Awards Dinner at the Peabody Essex Museum.

The Businessman of the Year award is given to a Chamber member who has demonstrated excellence in business practices throughout the year and has demonstrated a sincere commitment to Salem.

“We are incredibly proud of Jason’s civic and business achievements and greatly appreciate his continued support of businesses in the Salem community,” said Joe Riley, executive vice president of Retail Banking Services at Salem Five. “Championing local business and commerce is at the heart of our values at Salem Five and we feel privileged to have Jason representing the bank in the Salem community.”

An active member of the Salem community, Consalvo is the president of the Salem Rotary Club and a past-president of the Salem Chamber of Commerce. He lives in Beverly, Mass. with his wife and two children.


Salem Five Bancorp is the parent bank holding company of Salem Five (, 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 $5 billion in assets and 35 retail branches in Essex, Middlesex, Norfolk and Suffolk counties and southern New Hampshire. Divisions include Salem Five Mortgage Company, which has financed more homes than any other Massachusetts bank; Salem Five Investment Services 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.


James Nelson
(978) 720-5370