Salem Five Bank
About
Salem Five Bank’s Stoneham location gives local residents and businesses access to a full-service financial services company with banking, investment, mortgage and insurance professionals. Customers can manage checking accounts, open CDs and IRAs, finance a home or arrange insurance coverage, and business owners can get accounts and funding to support growth. The bank says its professionals aim to help customers move forward whatever their goal.
The bank is an FDIC-insured mutual bank with no stockholders, which means it is owned and operated for the benefit of its customers and is accountable to them, its employees and its communities. That local focus shows in Stoneham, where Salem Five is a 2026 Annual Community Champion of the Stoneham Chamber, the chamber’s highest level of yearly support, helping fund programs and events that promote local businesses.
What to Know
- Investment products are offered through LPL Financial and are not FDIC insured.
- Wealth management is available through Salem Five Wealth Advisors.
- Commercial clients can bank online through a secure browser with one-time text passcodes.
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