Salem Five’s Joe Scianatico Named President
Salem Five's Joe Scianatico Named President of the Board of Directors
for the Boys & Girls Club of Lynn
Salem, Mass., May 23, 2018 – Salem Five is pleased to announce that Joseph Scianatico, a vice president and market manager of the bank’s two Lynn retail locations, has been named president of the Board of Directors for the Boys & Girls Club of Lynn for the 2018-2019 term. Scianatico has served as first vice president for the 2017-2018 term.
The Boys & Girls Club of Lynn encourages the positive development and enhances the quality of life for the youth of the greater Lynn community. Its programs are designed to build self-confidence and self-esteem, and focus on six initiatives: arts, education, leadership, life skills, sports, fitness and recreation, and technology.
“We could not be more proud of Joe for his work to serve the Lynn community and make a difference in the lives of children,” said Joe Riley, executive vice president of Retail Banking Services at Salem Five. “Supporting our local communities is at the very foundation of our values at Salem Five Bank, and no one embodies that more than Joe.”
Scianatico, who has worked for Salem Five since 2014, is an active member of the Lynn community, and is particularly focused on supporting youth and education programs. In addition to his work with the Boys & Girls Club, he serves as a member of the board at The Real Program, a nonprofit organization that promotes child literacy in Lynn; St. Pius V School; and Family and Children’s Services of Greater Lynn. He has been recognized for his contributions to the local community by the Lynn Area Chamber of Commerce with its “Volunteer of the Year” award. Scianatico lives in Marblehead with his wife and daughter.
Salem Five 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 $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.