Salem Five Cents Savings Bank is a Commercial bank, state charter, Fed non-member, supervised by the Federal Deposit Insurance Corporation (FDIC) based in Salem, Massachusetts, established in 03/09/1855. Operating with a focus on Commercial Lending Specialization, it offers a broad range of financial services across its 35 domestic offices and 0 foreign offices. As of the last update on 04/12/2024, Salem Five Cents Savings Bank reported total assets of $7,291,012 and manages deposits totaling $5,127,868 from its domestic operations. This institution is recognized for its commitment to stability and growth, reflected in a net income of $15,682 thousands last year. For more details, visit their website at http://www.salemfive.com.
Bank Information:
- Bank Name: Salem Five Cents Savings Bank
- Address: 71 Washington St, Salem, Essex, MA, 1970
- Website: http://www.salemfive.com
Classification and Operations:
- State: Massachusetts
- Institution Class: Commercial bank, state charter, Fed non-member, supervised by the Federal Deposit Insurance Corporation (FDIC)
- Bank Class: State commercial bank, not FRS member
- Specialization: Commercial Lending Specialization
- Regulatory Reporting Form Number:
Bank Office and Assets:
- Number of Domestic Offices: 35
- Number of Foreign Offices: 0
- Total Assets: $7,291,012
- Total Deposits: $5,127,868
- Domestic Office Deposits: $5,127,868
Financial Data:
- Net Income (Attributable to Bank): $15,682
Establishment and Record:
- Established Date: 03/09/1855
- Last Recorded Data on: 04/12/2024