Salem Five Business Credit Provides $15 Million Senior Credit Facility to Ockers Technologies

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Salem, MA., August 12, 2026 – Salem Five announced today that its Business Credit team has closed a $15 million senior credit facility for Ockers Technologies, giving the 105-year-old, family-owned technology solutions provider added capital and flexibility for its next phase of growth.

The financing package includes a revolving line of credit and a commercial real estate loan. The asset-based lending solution will enable Ockers to pursue strategic acquisitions, expand its customer base, invest in talent and better manage the seasonality of state contract payment cycles.

With roots dating back more than a century, Ockers Technologies has evolved from an office equipment company into a leading provider of technology solutions, including audiovisual systems, managed IT services, infrastructure, lighting, technical support and mission-critical IT. Based in Middleborough, the company serves municipalities, educational institutions and other public sector organizations throughout Massachusetts.

"This financing reflects our relationship-driven approach to commercial lending," said Michael Richardson, Vice President of Business Credit at Salem Five. "We took the time to understand Ockers' business, its growth plans and the unique cash flow dynamics of serving public sector customers. The result is a flexible financing solution that gives Jay and his team the resources they need to continue growing."

Jay Houser, third-generation President and CEO of Ockers Technologies, said Salem Five distinguished itself by developing a financing solution tailored to the company's needs.

“We were looking for a banking partner that would take the time to understand our business and support where we're headed," said Houser. "Michael and the Salem Five team listened, understood our needs, and delivered a creative financing solution that gives us the flexibility to grow at the pace our business requires. With the start of the state's new fiscal year, the timing couldn't be better, and we're excited to build a long-term relationship with Salem Five."

Salem Five Business Credit is part of an expanding Commercial division that provides customized financing solutions to middle-market companies throughout New England, including asset-based lending, revolving lines of credit, commercial real estate financing, and other working capital solutions.

About Ockers Technologies
Ockers Technologies is a leading provider of technology integration, collaboration, security, and communication solutions throughout New England. Founded in 1921 as an office automation dealer, Ockers has evolved into a premier, value-added information technology solution provider specializing in collaboration spaces, audiovisual integration, structured cabling, security solutions, networking, unified communications, and managed technology services for education, municipal, healthcare, and commercial customers.

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
PR@Salemfive.com