Salem Five Cents Savings Bank

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Salem Five Cents Savings Bank
104 S Main Street,
Middleton, MA 01949
Phone:(978) 646-9382

Salem Five has built a reputation as the leading bank in Salem throughout the 20th century, playing a major role in the rebuilding of Salem after the Great Fire of 1914, which ravaged much of the city. In the 1950's, when the city's largest employers left in search of cheap labor, Salem Five funded the restoration of the great mills, which today have been converted into offices and light manufacturing. Salem Five was a major force behind the revitalization of downtown Salem in the 1970's and 80's and, as a driving force in Salem's waterfront development efforts, funded the transformation of Pickering Wharf into a flourishing commercial, residential and recreational shopping area. Salem Five also played a key role in the movement to revitalize the National Park Service's Salem Maritime National Historic Site, one of the city's most valuable assets.

The 1990's saw the emergence of Salem Five as a leading innovator in electronic banking. As the first New England bank to launch an internet bank in 1995, salemfive.com at Salem Five continues to lead the internet banking world.