Bank · FDIC insured
Salem Five Bank
Top CarrotA $8.8B bank, the 181st largest of 4,207, headquartered in Salem, MA, with 33 branches in Massachusetts. Best rates: CDs 4.36% and savings 3.30% APY.
Salem Five Bank Carrot Score
Carrot ScoreTop Carrot
Higher than 78% of U.S. banks and credit unions
#38 of 141 in Boston, MA-NH metroHow the score works →
Deposits are federally insured by the FDIC up to $250,000 per depositor.
About Salem Five Bank
Founded in 1855 in Salem, Massachusetts, Salem Five Bank is an FDIC-insured mutual bank owned and operated for the benefit of its customers without stockholders.
The bank operates more than 30 retail branches and serves families and businesses throughout New England.
- Headquarters
- 71 Washington St, Salem, MA 01970
- FDIC certificate
- 23296 ↗
Branches
33 branches in Massachusetts
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Massachusetts
33 branches
- Salem Five Cents Savings BankMain office71 Washington St, Salem, MA 01970Directions
- Bedford Branch285 Great Rd, Bedford, MA 01730Directions
- Beverly Branch495 Cabot St, Beverly, MA 01915Directions
- Beverly Farms Branch19 West St, Beverly, MA 01915Directions
- South Beverly Branch140 Rantoul Street, Beverly, MA 01915Directions
- Boston Branch1 Center Plz, Boston, MA 02108Directions
- Burlington Branch36 Cambridge St, Burlington, MA 01803Directions
- Endicott160 Endicott St, Danvers, MA 01923Directions
- High Street Branch85 High St, Danvers, MA 01923Directions
- Georgetown Head Off Br2 E Main St, Georgetown, MA 01833Directions
- Rogers Street Branch691 Rogers St, Lowell, MA 01852Directions
- Boston Street Lynn Branch35 Boston St, Lynn, MA 01904Directions
- Malden Branch90 Highland Ave, Malden, MA 02148Directions
- Marblehead Branch89 Pleasant St, Marblehead, MA 01945Directions
- Middleton221 S Main St, Middleton, MA 01949Directions
- Needham Branch355 Chestnut St, Needham, MA 02492Directions
- North Andover Branch601 Chickering Rd, North Andover, MA 01845Directions
- North Andover Branch562a Turnpike St, North Andover, MA 01845Directions
- Billerica Branch188 Boston Rd, North Billerica, MA 01862Directions
- Peabody Square BranchOne Main Street, Peabody, MA 01960Directions
- South Peabody91 Lynnfield St, Peabody, MA 01960Directions
- Reading Branch8 Walkers Brook Dr, Reading, MA 01867Directions
- Rowley Branch303 Haverhill St, Rowley, MA 01969Directions
- Salem Branch424 Essex St, Salem, MA 01970Directions
- Saugus855 Broadway, Saugus, MA 01906Directions
- South Hamilton Branch2 Bay Rd, South Hamilton, MA 01982Directions
- Stoneham Branch88 Main St, Stoneham, MA 02180Directions
- Stoneham Main Off359 Main St, Stoneham, MA 02180Directions
- Sudbury Branch19 Concord Rd, Sudbury, MA 01776Directions
- Swampscott Branch450 Paradise Rd, Swampscott, MA 01907Directions
- Main Street Branch2171 Main St, Tewksbury, MA 01876Directions
- Wilmington Branch Office281 Main St, Wilmington, MA 01887Directions
- Woburn Branch443 Main St, Woburn, MA 01801Directions
Walk-in offices from the FDIC directory as of September 4, 2026. Directions open Google Maps. A nearby branch doesn’t mean you can join or open an account.
Financial details
| Measure | This bank | Peers’ middle | Strongest quarter |
|---|---|---|---|
| CapitalLeverage ratio | 10.52% | 10.49% | 11.89% or more |
| Troubled loansNoncurrent | 0.36% | 0.52% | 0.23% or less |
| ProfitabilityReturn on assets | 0.96% | 1.25% | 1.62% or more |
| LendingLoans per $100 deposited | $113 | $88 | — |
- CapitalLeverage ratio10.52%Peers’ middle 10.49% · Top 25% 11.89%+
- Troubled loansNoncurrent0.36%Peers’ middle 0.52% · Top 25% ≤0.23%
- ProfitabilityReturn on assets0.96%Peers’ middle 1.25% · Top 25% 1.62%+
- LendingLoans per $100 deposited$113Peers’ middle $88
Compared with the 897 banks with $1 billion to $10 billion in assets. The strongest quarter is what the best 25% of them reach: more capital and profit, fewer troubled loans. Lending has no better end.Troubled loans are noncurrent: 90 or more days late, or no longer earning interest.
Regulators’ own ratings of Salem Five Bank are confidential. These figures are what it reports to the FDIC each quarter, set beside its peers; they aren’t a rating.