Salem Five Launches Third Annual Holiday Toy Drive

Salem Five employees, The Salvation Army Major and tou donation drop-off box

(L-R) Bradley Hunt, Vice President, Branch Manager, Beverly Market, Major Scott A. Kelly, General Secretary, The Salvation Army, Massachusetts Division, Joe Riley, Executive Vice President, Retail Banking Services

Salem Five and The Salvation Army join forces to benefit families in need

Salem, MA., November 13, 2023 – Salem Five Bank is again teaming up with The Salvation Army, Massachusetts Division to collect new, unwrapped toys for children in need across eastern Massachusetts this holiday season, the bank announced today.

All Salem Five branch locations, as well as its corporate headquarters in Salem and insurance headquarters in Woburn, will serve as drop-off locations starting today and lasting through the end of December. The Salvation Army will gather and distribute the toys to children throughout the region.

“There’s no better feeling than helping families in need during the holiday season,” said Joe Riley, Executive Vice President of Retail Banking at Salem Five. “Based upon the success of our first two toy drives, we’re hoping we can help make the holidays magical for even more young people in our region. And, we thought it only fitting to kick off the drive at our newest location at Beverly Depot.”

Many local families continue to struggle with basic needs. As the largest private provider of social services, The Salvation Army remains focused on ensuring that children and families in need will have food on the table, Christmas gifts to unwrap, and afford to pay the bills to keep them in their homes. Receiving toys during this special time of year can make the holidays a bit brighter for them by delivering hope and putting smiles on young faces.

“We are pleased to partner once again with Salem Five to better serve Essex and Middlesex counties this holiday season,” said Major Scott A. Kelly, General Secretary, The Salvation Army, Massachusetts Division. “With Salem Five’s branch network and passion for the cause, we are anticipating another strong turnout.”

For more information on the toy drive, including toy ideas and drop-off locations, visit

About Salem Five Bank

Salem Five Bancorp is the holding company of Salem Five (, 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 $7 billion in assets and 34 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.

About The Salvation Army

This holiday season, millions of families across the country are struggling to make ends meet. The Salvation Army is committed to providing service and love to those in need this Christmas and beyond.

Annually, The Salvation Army serves more than 24 million people in America, helping them overcome poverty, addiction, and economic hardships through a range of social services. By providing food for the hungry, emergency relief for disaster survivors, rehabilitation for those suffering from drug and alcohol addiction, and clothing and shelter for people in need, The Salvation Army is doing the most good at nearly 7,000 centers of operation around the country. For more information, visit Follow us on Twitter @SalvationArmyMA and #DoingTheMostGood.



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