Industry Veteran Joins Salem Five to Lead a new Private Banking Capability

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Veronica Caira brings more than 20 years’ experience in managing high-net worth clients
to the Bank

Salem, MA., November 12, 2025 – Salem Five has hired an experienced local banker to lead a new Private Banking practice, the Bank announced today.

Veronica Caira, who began her banking career in Rome, Italy and then had tenures at large and mid-sized banks in both Waltham and Lexington, has been named Senior Vice President in charge of the new Private Banking discipline at Salem Five. Caira is a dynamic leader skilled in deposit growth, complex lending solutions and wealth management.

“Veronica is the perfect addition to support and grow our high-net worth client base,” said Paul Kelly, EVP, Chief Revenue Officer. “Complementing our strong business and commercial teams, a private banking practice will add another layer of expertise that our high-net worth customers deserve.”

Caira has years of experience in customer relationship management and building and managing portfolios exceeding $100M. She is highly active on local boards, including the Lexington Chamber of Commerce, Lexington Historical Society and CIC University of Fitchburg, among others. She is fluent in both Italian and Spanish and currently resides in Lexington, MA.

Caira will report to Joseph Riley, EVP, Retail and Business Banking and will work closely with the Commercial Banking team.

“I’m really looking forward to working alongside Paul, Joe and the team at Salem Five,” Caira said. “The bank has a great reputation in the market and together I know we can build upon that even further with the addition of Private Banking for the important high-net worth segment.”

About Salem Five Bank

Salem Five Bancorp is 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 more than $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, which offers fiduciary wealth management services to institutions and high-net-worth individuals, financial and retirement income planning, portfolio review and money management; 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.

FOR MORE INFORMATION

(800) 850-5000
marketing@Salemfive.com