Salem Five Cents Savings Bank
Headquartered in Salem, MA. Part of Salem Five Bancorp. FDIC certificate #23296 · Federal Reserve RSSD 618807.
Total assets
$8.8B
Deposits
$6.0B
Q2 2026
Active branches
34
Closings since Jan 2020
7
5 openings since Jan 2020
Financial snapshot — Q2 2026
All quarters →Net income (quarter)
$22M
Return on assets
0.96%
Return on equity
8.41%
Noncurrent loan rate
0.36%
Deposits by year (Summary of Deposits)
42019
42020
42021
52022
52023
52024
62025
62026
Values in $ billions, June 30 of each year.
Closings by year
32020
22021
12022
12024
Openings by year
32020
12021
12023
Branches by state
Recent closings
- 20 STATE ST · closed June 28, 2024
- 18 HURD STREET · closed August 31, 2022
- BURLINGTON MALL 75 MIDDLESEX TURNPIKE · closed August 31, 2021
- 210 ANDOVER STREET · closed January 15, 2021
- 52 CONGRESS STREET · closed October 16, 2020
- 19 CENTRAL STREET · closed July 13, 2020
- Salem Five Cents Savings Bank — Concord, MAbank exits city196 SUDBURY ROAD · closed May 16, 2020
All figures transcribed from FDIC BankFind Suite records: structure-change history, quarterly financial reports and the annual Summary of Deposits · bank site: www.salemfive.com.