Information to keep you moving forward.

January 2023

In The Community

Salem Five was Very Busy During the Season of Giving

Our second annual Holiday Toy drive was a huge success. We again partnered with The Salvation Army to collect and distribute toys for children in our region. Jason Varitek of the Boston Red Sox helped us get the word out. More than 3,100 toys were collected! This time of year is also when we acknowledge worthy organizations who really make a difference to the communities we serve. Dubbed “Make a Difference December” the following organizations were honored with recognition and a donation to their cause from the Salem Five Charitable Foundation: 
  • Action for Boston Community Development, Malden
  • Catie's Closet, Dracut
  • The Hamilton Foundation, Hamilton
  • Lynn Economic Opportunity, Lynn
  • North Shore Community Action Program, Peabody
  • Pajama Program/North Shore, Salem
  • Santa's Helping Hand, Lynn

Making A Difference group photo presenting donation to NSCAP

Pictured here (L to R) are Laura Meisenhelter, the Executive Director of NSCAP; Jesse Elghoul, the Branch Manager of our two Peabody Branches; Dan DeAngelis the Fuel Assistance Director of the Home Energy Assistance Program; and Meghan Needham, Salem Five’s Charitable Foundation Manager.

Mortgage Insight

Is Home Ownership One of your 2023 Goals?

Although the weather may still feel like winter, homebuying is right around the corner. And, it's never too early to get started so you're well-prepared. The best first step is to contact one of our expert Loan Officers for a consultation and see what steps you can take to be mortgage-ready. Or, download our Mortgage ASAP App - Salem Five's online mortgage application tool -- to use the mortgage calculator tool and, when you're ready, to start the application process.


Salem Five Mortgage ASAP Logo

Fraud Prevention  

The Top Things you Should do to Protect Yourself

With the convenience of online shopping and digital banking, it’s important to remember to safeguard your information. Fraudsters are always out there – make sure you are as protected as you can be.
Top tips to keep your information and finances safe:
 Make sure you are going to only authentic websites by quickly looking at the browser address bar
 Be careful you are inputting web addresses correctly, especially when entering personal details
 Avoid clicking on links or opening email from unknown sources
 Never provide your Online Banking user ID, password or debit card PIN to anyone
 Monitor credit card and bank account activity often to ensure all transactions are authorized
 Enroll in eStatements to keep account information out of the mail or household trash
 Set-up alerts on your accounts such as:
  • Balance falls below a threshold amount
  • Transaction over a threshold amount
  • Profile change alert

Division News

Salem Five Insurance Continues to Grow

There are lots of exciting things happening at our insurance division. Salem Five Insurance recently acquired The Cavanaugh Insurance Agency in Norwood and Kingston. With this acquisition, Salem Five Insurance has ten locations throughout eastern Massachusetts and over 75 employees. With key acquisitions over the past three years, Salem Five Insurance is better poised to serve customers throughout the region, now including the south shore. All offices continue to be focused on best in class customer service and ensuring we provide the best protection at the best value for your personal and business needs.

We also recently debuted a new website for Salem Five Insurance – You can still access the insurance website from the main Salem Five site, or you can go directly to the insurance page at the address below. We think you’ll find the new site very easy to use.  


    Ten locations throughout eastern Massachusetts

Visit New Website

Insurance products offered through Salem Five Insurance Services, LLC. Insurance products are not FDIC insured, not bank guaranteed, not a deposit and not insured by any federal government agency.