Bank/CU Name: Salem Five Cents Savings Bank Charter Number: 23296
Charter Type: Trust Company Main Office: 210 Essex Street , Salem, MA 01970 Phone: 978-745-5555
Charter Date: 3/9/1855 Federal Regulator: FDIC Fax: 978-745-0861

Activity Date Activity Type Description
3/29/2024 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 20 State Street, Lynn. Comment period ends April 14, 2023.
7/29/2022 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 18 Hurd Street, Lowell - approved July 21, 2022.
6/30/2022 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 18 Hurd Street, Lowell. Comment period ended June 14, 2022.
5/31/2022 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 18 Hurd Street, Lowell. Comment period ends June 14, 2022.
4/29/2022 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 140 Rantoul Street, Beverly- non-objection issued April 12, 2022.
3/31/2022 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 140 Rantoul Street, Beverly. Filed February 22, 2022.
2/28/2022 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 140 Rantoul Street, Beverly. Filed February 22, 2022.
1/31/2022 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 140 Rantoul Street, Beverly. Filed February 22, 2022.
8/31/2021 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 75 Middlesex Turnpike, Burlington - approved August 17, 2021.
7/30/2021 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 75 Middlesex Turnpike, Burlington. Comment period ended June 14, 2021.
6/30/2021 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 75 Middlesex Turnpike, Burlington. Comment period ended June 14, 2021.
5/31/2021 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 75 Middlesex Turnpike, Burlington. Comment period ends June 14, 2021.
11/30/2020 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at Northshore Mall, 210 Andover Street, Peabody - approved November 24, 2020.
10/30/2020 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at Northshore Mall, 210 Andover Street, Peabody. Comment period ended October 29, 2020.
8/31/2020 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 52 Congress Street, Boston to One Center Plaza, Boston - approved August 20, 2020.
7/31/2020 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 281 Main Street, Wilmington - non-objection issued July 20, 2020.
7/31/2020 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 52 Congress Street, Boston to One Center Plaza, Boston. Comment period ended July 30, 2020.
6/30/2020 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 281 Main Street, Wilmington. Filed June 4, 2020.
3/31/2020 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 195B Sudbury Road, Concord - approved March 19, 2020.
2/28/2020 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 195B Sudbury Road, Concord. Comment period ended February 28, 2020.
2/28/2020 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 19 Central Street, Peabody to One Main Street, Peabody - approved February 12, 2020.
1/31/2020 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 19 Central Street, Peabody to One Main Street, Peabody. Comment period ended January 20, 2020.
1/31/2020 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 188 Boston Road, Billerica - non-objection issued January 27, 2020.
12/31/2019 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 188 Boston Street, Billerica. Filed December 13, 2019.
12/31/2019 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 19 Central Street, Peabody to One Main Street, Peabody. Comment period ends January 20, 2020.
7/31/2019 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 91 Lynnfield Street, South Peabody - non-objection issued July 16, 2019.
6/28/2019 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 91 Lynnfield Street, Peabody. Filed June 21, 2019.
4/30/2019 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 1 Portsmouth Avenue, Stratham, New Hampshire - approved April 23, 2019.
3/29/2019 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 1 Portsmouth Avenue, Stratham, New Hampshire. Comment period ends April 3, 3019.
1/31/2019 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 188 Boston Street, Billerica. Filed December 13, 2019.
12/31/2018 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 139 Endicott Street, Danvers to 160 Endicott Street, Danvers - approved December 4, 2018.
11/30/2018 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 139 Endicott Street, Danvers to 160 Endicott Street, Danvers. Comment period ended November 23, 2018.
8/31/2018 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Sage Bank (Sage), Lowell - permission for Sage to merge with and into Salem Five under the charter and by-laws of Salem Five. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Sage would be retained as branch offices - approved August 7, 2018.
7/31/2018 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Sage Bank (Sage), Lowell - permission for Sage to merge with and into Salem Five under the charter and by-laws of Salem Five. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Sage would be retained as branch offices. Comment period ended July 16, 2018.
7/31/2018 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 532 Turnpike Street, North Andover - approved July 16, 2018.
7/31/2018 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from Square One Mall, 1201 Broadway, Saugus to 855 Broadway, Saugus - approved July 16, 2018.
7/31/2018 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 104 South Main Street, Middleton to 221 South Main Street, Middleton - approved July 16, 2018.
6/29/2018 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Sage Bank (Sage), Lowell - permission for Sage to merge with and into Salem Five under the charter, by-laws and name of Salem Five. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Sage would be retained as branch offices. Comment period ends July 16, 2018.
6/29/2018 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 532 Turnpike Street, North Andover. Comment period ended June 21, 2018.
6/29/2018 Relocate Branch Office Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from Square One Mall, 1201 Broadway, Saugus to 855 Broadway, Saugus. Comment period ended June 21, 2018.
6/29/2018 Close Branch Salem Five Cents Savings Bank, Salem - permission to relocate its branch office from 104 South Main Street, Middleton to 221 South Main Street, Middleton. Comment period ended June 21, 2018.
5/31/2017 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Georgetown Bank, Georgetown - permission for Georgetown Bank to merge with and into Salem Five Cents Savings Bank under the charter, by-laws and name of Salem Five as part of a multi-step transaction. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Georgetown Bank would be retained as branch offices of Salem Five. This multi-step transaction includes the merger of Salem Five’s mutual holding company, Salem Five Bancorp, with Georgetown Bank’s holding company, Georgetown Bancorp, Inc. - approved May 9, 2017.
4/28/2017 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Georgetown Bank, Georgetown - permission for Georgetown Bank to merge with and into Salem Five Cents Savings Bank under the charter, by-laws and name of Salem Five as part of a multi-step transaction. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Georgetown Bank would be retained as branch offices of Salem Five. This multi-step transaction includes the merger of Salem Five’s mutual holding company, Salem Five Bancorp, with Georgetown Bank’s holding company, Georgetown Bancorp, Inc. Comment period ended February 15, 2017.
3/31/2017 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Georgetown Bank, Georgetown - permission for Georgetown Bank to merge with and into Salem Five Cents Savings Bank under the charter and by-laws of Salem Five as part of a multi-step transaction. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Georgetown Bank would be retained as branch offices of Salem Five. This multi-step transaction includes the merger of Salem Five’s mutual holding company, Salem Five Bancorp, with Georgetown Bank’s holding company, Georgetown Bancorp, Inc. Comment period ended February 15, 2017.
2/28/2017 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Georgetown Bank, Georgetown - permission for Georgetown Bank to merge with and into Salem Five Cents Savings Bank under the charter and by-laws of Salem Five as part of a multi-step transaction. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Georgetown Bank would be retained as branch offices of Salem Five. This multi-step transaction includes the merger of Salem Five’s mutual holding company, Salem Five Bancorp with Georgetown Bank’s holding company, Georgetown Bancorp, Inc. Comment period ended February 15, 2017.
1/31/2017 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Georgetown Bank, Georgetown - permission for Georgetown Bank to merge with and into Salem Five Cents Savings Bank under the charter and by-laws of Salem Five as part of a multi-step transaction. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Georgetown Bank would be retained as branch offices of Salem Five. This multi-step transaction includes the merger of Salem Five’s mutual holding company, Salem Five Bancorp with Georgetown Bank’s holding company, Georgetown Bancorp, Inc. Comment period ends February 15, 2017.
12/30/2016 Merger Salem Five Cents Savings Bank (Salem Five), Salem and Georgetown Bank, Georgetown - permission for Georgetown Bank to merge with and into Salem Five Cents Savings Bank under the charter and by-laws of Salem Five as part of a multi-step transaction. The main office of Salem Five would remain the main office of the continuing institution and the banking offices of Georgetown Bank would be retained as branch offices of Salem Five. This multi-step transaction includes the merger of Salem Five’s mutual holding company, Salem Five Bancorp with Georgetown Bank’s holding company, Georgetown Bancorp, Inc. Comment period ends February 15, 2017.
11/28/2014 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 355 Chestnut Street, Needham - non-objection issued November 6, 2014.
10/31/2014 Establish Branch Salem Five Cent Savings Bank, Salem - notice to establish a branch office at 355 Chestnut Street, Needham. Filed October 6, 2014.
2/28/2014 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 240 Main Street, Stoneham - approved February 6, 2014.
2/28/2014 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 285 Great Road, Bedford - non-objection issued February 14, 2014.
1/31/2014 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 240 Main Street, Stoneham. Comment period ended January 22, 2014.
1/31/2014 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 285 Great Road, Bedford. Filed January 28, 2014.
12/31/2013 Close Branch Salem Five Cents Savings Bank, Salem - permission to close its branch office located at 240 Main Street, Stoneham. Comment period ends January 22, 2014.
8/30/2013 Merger Salem Five Cents Savings Bank (“Salem Five”), Salem and Stoneham Savings Bank, (“Stoneham”), Stoneham - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank. The main office of Salem Five will remain the main office of the continuing institution and the banking offices of Stoneham would be retained as branch offices of Salem Five. Salem Five and Stoneham are subsidiary banking institutions of Salem Five Bancorp - approved August 29, 2013.
7/31/2013 Merger Salem Five Cents Savings Bank (“Salem Five”), Salem and Stoneham Savings Bank, (“Stoneham”), Stoneham - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank. The main office of Salem Five will remain the main office of the continuing institution and the banking offices of Stoneham would be retained as branch offices of Salem Five. Salem Five and Stoneham are subsidiary banking institutions of Salem Five Bancorp. Comment period ended June 28, 2013.
6/28/2013 Merger Salem Five Cents Savings Bank (“Salem Five”), Salem and Stoneham Savings Bank, (“Stoneham”), Stoneham - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank. The main office of Salem Five will remain the main office of the continuing institution and the banking offices of Stoneham would be retained as branch offices of Salem Five. Salem Five and Stoneham are subsidiary banking institutions of Salem Five Bancorp. Comment period ended June 28, 2013.
5/31/2013 Merger Salem Five Cents Savings Bank (“Salem Five”), Salem and Stoneham Savings Bank, (“Stoneham”), Stoneham - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank. The main office of Salem Five will remain the main office of the continuing institution and the banking offices of Stoneham would be retained as branch offices of Salem Five. Salem Five and Stoneham are subsidiary banking institutions of Salem Five Bancorp. Comment period ends June 28, 2013.
2/28/2013 Establish Branch Salem Five Cent Savings Bank, Salem - notice to establish a branch office at 211 Sudbury Road, Concord - non-objection issued February 25, 2013.
7/29/2011 Establish Branch notice to establish a branch office at Burlington Mall, 75 Middlesex Turnpike, Burlington - non-objection issued July 12, 2011.
7/30/2010 Establish Branch Salem Five Cents Savings Bank, Salem - notices to establish branch offices at (1) 19 West Street, Beverly; and (2) 240 Main Street, Stoneham - non-objection issued July 15, 2010.
8/31/2009 Establish Branch Salem Co-operative Bank, Concord, New Hampshire - permission to establish a branch office at 280 Merrimack Street, Methuen, Massachusetts - non-objection issued August 17, 2009.
10/31/2008 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 8 Walkers Brook Drive, Reading - non-objection issued October 21, 2008.
5/30/2008 Establish Branch Salem Five Cents Savings Bank. Salem - notice to establish a branch office at 19 Concord Road, Sudbury - non-objection issued May 28, 2008.
3/31/2008 Close Branch Salem Five Cents Savings Bank, Salem - permission to close a branch office located at 87 Elm Street, Danvers - approved March 27, 2008.
2/29/2008 Close Branch Salem Five Cents Savings Bank, Salem - permission to close a branch office located at 87 Elm Street, Danvers. Comment period ends March 7, 2008.
11/30/2006 Close Branch Salem Five Cents Savings Bank, Salem - permission to (1) close its current main office located at 210 Essex Street, Salem; and (2) redesignate its current branch office at 71 Washington Street, Salem as the main office - approved November 9, 2006.
10/31/2006 Close Branch Salem Five Cents Savings Bank, Salem - permission to (1) close its current main office located at 210 Essex Street, Salem; and (2) redesignate its current branch office at 71 Washington Street, Salem as the main office. Comment periods ended October 26, 2006.
10/31/2006 Close Branch Salem Five Cents Savings Bank, Salem - permission to close branch offices located at (1) 4 Colon Street, Beverly; and (2) 123 Pleasant Street, Marblehead - approved October 11, 2006.
9/29/2006 Close Branch Salem Five Cents Savings Bank, Salem - permission to close branch offices located at (1) 4 Colon Street, Beverly; and (2) 123 Pleasant Street, Marblehead. Comment periods ended September 27, 2006.
9/29/2006 Relocate Bank Main Office within same City or Town Salem Five Cents Savings Bank, Salem - permission to (1) close its current main office located at 210 Essex Street, Salem; and (2) redesignate its current branch office at 71 Washington Street, Salem as the main office. Comment periods end October 26, 2006.
8/31/2006 Establish Branch Salem Five Cent Savings Bank, Salem - notices to establish branch offices at 1) 33-41 Boston Street, Lynn; and 2) 441 Main Street, Woburn - non-objection issued August 17, 2006.
2/28/2006 Merger Salem Five Cents Savings Bank, Salem and Heritage Co-operative Bank, Salem - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank - approved February 2, 2006.
1/31/2006 Merger Salem Five Cents Savings Bank, Salem and Heritage Co-operative Bank, Salem - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank. Comment period ended November 28, 2005.
12/30/2005 Merger Salem Five Cents Savings Bank, Salem and Heritage Co-operative Bank, Salem - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank. Comment period ended November 28, 2005.
12/30/2005 Establish Branch Salem Five Cents Savings Bank, Salem - notice to establish a branch office at 100 South Main Street, Middleton - non-objection issued December 27, 2005.
12/30/2005 Reorganization into Mutual Holding Company (MHC) Salem Five Cents Savings Bank, Salem - permission to reorganize into a mutual holding company, Salem Five Bancorp, as part of a multi-step transaction - approved December 14, 2005.
11/30/2005 Reorganization into Mutual Holding Company (MHC) Salem Five Cents Savings Bank, Salem - permission to reorganize into a mutual holding company, Salem Five Bancorp, as part of a multi-step transaction. Comment period ended September 12, 2005.
11/30/2005 Merger Salem Five Cents Savings Bank, Salem and Heritage Co-operative Bank, Salem - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank. Comment period ended November 28, 2005.
10/31/2005 Reorganization into Mutual Holding Company (MHC) Salem Five Cents Savings Bank, Salem - permission to reorganize into a mutual holding company, Salem Five Bancorp, as part of a multi-step transaction. Comment period ended September 12, 2005.
10/31/2005 Merger Salem Five Cents Savings Bank, Salem and Heritage Co-operative Bank, Salem - permission to merge under the charter, by-laws and name of Salem Five Cents Savings Bank. Comment period ends November 28, 2005.
9/30/2005 Reorganization into Mutual Holding Company (MHC) Salem Five Cents Savings Bank, Salem - permission to reorganize into a mutual holding company, Salem Five Bancorp, as part of a multi-step transaction. Comment period ended September 12, 2005.
8/31/2005 Reorganization into Mutual Holding Company (MHC) Salem Five Cents Savings Bank, Salem - permission to reorganize into a mutual holding company, Salem Five Bancorp, as part of a multi-step transaction. Comment period ends September 12, 2005.
7/29/2005 Reorganization into Mutual Holding Company (MHC) Salem Five Cents Savings Bank, Salem - permission to reorganize into a mutual holding company, Salem Five Bancorp, as part of a multi-step transaction. Comment period ends September 12, 2005.
2/28/2005 Establish Branch Salem Five Cents Savings Bank, Salem - permission to establish a branch office at Cabot Crossing, 495 Cabot Street, Beverly - approved February 25, 2005
1/31/2005 Establish Branch Salem Five Cents Savings Bank, Salem - permission to establish a branch office at Cabot Crossing, 495 Cabot Street, Beverly. Comment period ends February 22, 2005.
6/30/2004 Close Branch Salem Five Cents Savings Bank, Salem - permission to (1) close its branch office located at 5 Paradise Road, Salem; and (2) establish a branch office at 89 Pleasant Street, Marblehead - approved June 30, 2004.
5/28/2004 Close Branch Salem Five Cents Savings Bank, Salem - permission to (1) close its branch office located at 5 Paradise Road, Salem; and (2) establish a branch office at 89 Pleasant Street, Marblehead. Comment periods end June 16, 2004.
11/28/2003 Establish Branch Salem Five Cents Savings Bank, Salem - permission to establish a branch office at 532 Turnpike Street, North Andover - approved November 25, 2003.
10/31/2003 Establish Branch Salem Five Cents Savings Bank, Salem - permission to establish a branch office at 532 Turnpike Street, North Andover. Comment period ends November 17, 2003.
1/31/2003 Establish Branch Salem Five Cents Savings Bank, Salem - permission to establish a branch office at 86-92 Highland Avenue, Malden - approved January 28, 2003.
12/31/2002 Establish Branch Salem Five Cents Savings Bank, Salem - permission to establish a branch office at 86-92 Highland Avenue, Malden. Comment period ends January 16, 2003.