Salem Five Cents Savings Bank is headquartered in Salem, Massachusetts. It is a state-chartered bank that is not a member of the Federal Reserve System, established 03/09/1855 and insured by the FDIC since 01/02/1981. At the 06/30/2026 reporting date it held $8.8 billion in assets and $6.0 billion in deposits across 34 offices.
Size
By total assets it ranks #184 of 4,213 active FDIC-insured banks in the United States. Among the 89 FDIC-insured banks headquartered in Massachusetts it ranks #5.
Capital and earnings
| Equity capital | $1.0 billion (11.5% of assets) |
|---|---|
| Net income, year to date | $41 million through 06/30/2026 |
| Return on assets (annualized) | 0.96% |
Equity capital is what the bank owns after subtracting its liabilities; a higher share of assets means a thicker cushion against losses. These are the bank’s own regulatory filings, not a rating or a recommendation.
Is it FDIC insured?
Yes. Salem Five Cents Savings Bank holds FDIC certificate number 23296. Deposits are insured up to $250,000 per depositor, per insured bank, per ownership category. You can confirm this on the bank’s FDIC BankFind page.
Other large banks in Massachusetts
- State Street Bank and Trust Company, $413 billion in assets
- Eastern Bank, $31.1 billion in assets
- Rockland Trust Company, $25.0 billion in assets
- Beacon Bank and Trust, $22.2 billion in assets
- Needham Bank, $7.4 billion in assets
- Cambridge Savings Bank, $7.0 billion in assets
Banks of a similar size
- b1BANK, #182, $8.9 billion in assets
- Metropolitan Commercial Bank, #183, $8.9 billion in assets
- Tompkins Bank & Trust, #185, $8.8 billion in assets
- Wells Fargo National Bank West, #186, $8.8 billion in assets
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This page reports regulatory data only. It does not show the bank’s rates or products, which change often and are listed on the bank’s own site. salemfive.com