About Salem Five Bank
Salem Five Bank is a company based in Salem (United States) founded in 1855. It operates as a B2C, and B2B. Salem Five Bank has completed 4 acquisitions, including Affordable Sexy Lingerie, Cape Ann Insurance Agency and Georgetown Bank. Salem Five Bank offers products and services including Checking Account, Mortgages, Savings Account, Business Loans, and Insurance Services. Salem Five Bank operates in a competitive market with competitors including Territorial Savings Bank, Spencer Savings Bank, Gorham Savings, Cullman Savings Bank and Torrington Savings Banks, among others.
- Headquarter Salem, United States
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Salem Five Cents Savings Bank
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Annual Revenue
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Investments & Acquisitions
Affordable Sexy Lingerie
& 3 more
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Products & Services of Salem Five Bank
Salem Five Bank offers a comprehensive portfolio of products and services, including Checking Account, Mortgages, Savings Account, Business Loans, and Insurance Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Account for daily transactions and payments
Services for home purchase and refinancing options
Account to build and manage personal savings
Loans to support business growth and operations
Coverage for homes, autos, and businesses
Funding Insights of Salem Five Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investments & Acquisitions by Salem Five Bank
Salem Five Bank has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Affordable Sexy Lingerie, Cape Ann Insurance Agency and Georgetown Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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2007 | ||||
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Auto and home insurance services are provided across multiple states.
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1989 | ||||
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Life, auto, homeowners, and business insurance services are offered online.
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1984 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Salem Five Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Salem Five Bank Comparisons
Competitors of Salem Five Bank
Salem Five Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Territorial Savings Bank, Spencer Savings Bank, Gorham Savings, Cullman Savings Bank and Torrington Savings Banks, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Savings bank
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Savings Bank
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| domain | founded_year | HQ Location |
Provides checking, savings, loans, and online banking for individuals and businesses in Maine.
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| domain | founded_year | HQ Location |
Savings and loan services are provided in Cullman, United States.
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| domain | founded_year | HQ Location |
Provides banking services including accounts, loans, and online tools for individuals and businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Salem Five Bank
Frequently Asked Questions about Salem Five Bank
When was Salem Five Bank founded?
Salem Five Bank was founded in 1855.
Where is Salem Five Bank located?
Salem Five Bank is headquartered in Salem, United States.
What does Salem Five Bank do?
Salem Five Bank, headquartered in Salem, Massachusetts, delivers a range of financial services including checking accounts, savings, mortgages, loans, and wealth management. It serves individuals and businesses through online and mobile platforms, focusing on secure banking, insurance, and investment options. The bank emphasizes community support and digital tools for financial management, helping clients with everyday needs and long-term planning.
Who are the top competitors of Salem Five Bank?
Salem Five Bank's top competitors include Territorial Savings Bank, Cullman Savings Bank and Spencer Savings Bank.
What products or services does Salem Five Bank offer?
Salem Five Bank offers Checking Account, Mortgages, Savings Account, Business Loans, and Insurance Services.
How many acquisitions has Salem Five Bank made?
Salem Five Bank has made 4 acquisitions, including Affordable Sexy Lingerie, Cape Ann Insurance Agency, and Georgetown Bank.
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