Salem Five Financials
For more than 170 years, Salem Five has maintained a commitment to stability and security while meeting the complex financial needs of families and businesses throughout New England.
What You Need
to Know
Salem Five is owned and operated for the benefit of its customers. As an FDIC insured mutual bank with no stockholders, we’re accountable to our customers, employees, and communities.
Mutual banks are a stable influence in local markets because most of our customers, both commercial and consumer, live and do business in our community. Since we’re not publicly held and have no stockholders, we can make business decisions with a long-term perspective, building mutually beneficial relationships and maintaining a great degree of flexibility. This charter of mutuality creates and nurtures our customer-focused approach in all we do.
"I am pleased to report that Salem Five Bancorp continued to experience robust growth across the organization in 2025, including $694 million in asset growth to $8.5 billion. The Bank had $73.5 million in consolidated net income, compared to $53.9 million for fiscal year 2024, a 36.4% increase year-over-year."
— Ping Yin Chai, President & CEO
Annual Summary 2025