Salem Five Bank is a community-focused financial institution operating from its location at 35 Boston Street in Lynn, Massachusetts. Historically rooted in local banking services, the organization has grown to serve individuals and businesses within the region, maintaining a presence grounded in traditional banking practices while adapting to evolving financial landscapes. Its organizational structure supports a range of core activities typical of a mid-market bank, including consumer banking, business banking, and wealth management services, aligned with regulatory standards that govern safety and soundness.
The bank's primary functions center on deposit-taking, loan origination, and cash management, facilitating everyday financial needs for residents and local enterprises. Through its operational footprint, Salem Five Bank engages in community-oriented banking, fostering relationships with customers and local organizations. The institution emphasizes stability, risk management, and compliance as foundational elements of its service delivery, with ongoing investments in infrastructure to support account access, fiduciary services, and basic financial products within its service area.
Better than 89% of providers in Lynn
In addition to the primary service, Salem Five Bank also offers:
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Salem Five Bank is a verified financial service provider. This means we have confirmed their business information, contact details, and they have received customer reviews. You can trust this provider for your financial needs.
Find answers to common questions
Salem Five Bank is listed as a financial service provider in Lynn, MA and must follow both state and federal regulations that apply to this type of business. As with any financial provider, you should review the agreement carefully before signing, make sure you understand all fees and repayment terms, and only use official contact details from this page or the company's own website. Avoid sharing personal or payment information with anyone who contacts you unexpectedly and, if something seems unclear, ask Salem Five Bank to explain the terms in writing before you proceed.
To improve your chances of getting better terms from Salem Five Bank, be prepared with accurate information about your income, existing debts, and the amount you really need to borrow. If possible, check your credit history in advance, avoid late payments on other accounts, and consider offering collateral if the product allows it, as stronger overall finances can help you qualify for more favorable rates or fees. It's also a good idea to compare Salem Five Bank with other providers in Lynn and to ask directly about any current promotions, loyalty benefits, or ways to reduce the total cost of your loan.
Salem Five Bank has a rating of 4.0, which is better than 89% of providers in Lynn.
Requirements can vary by product, but for most visits you should be ready to bring a valid government-issued ID, proof of income (such as recent pay stubs or bank statements), and proof of address like a utility bill or lease. If you are applying for a title or secured loan, you may also need the vehicle title, registration, and insurance details, along with any other documents Salem Five Bank requests. It is always best to call ahead using the phone number on this page so Salem Five Bank can confirm exactly which documents you need for your specific situation.
In addition to its primary service, Salem Five Bank also offers: Bank, ATM, Business banking service, Business to business service, Financial consultant, Financial planner, Insurance agency, Investment service, Loan agency, Mortgage lender.