Salem Five Cents Savings Bank: Comprehensive banking, wealth management, and online services in Massachusetts.
Location
Salem, MA, US
Founded
1855
Salem Five Cents Savings Bank, based in Massachusetts, offers a comprehensive suite of banking services including savings and checking accounts, loans, insurance, investments, wealth management, mortgages, and online banking. The bank primarily serves customers within the state and is involved in various stages of investment, including post-IPO debt rounds.
Salem Five's notable portfolio includes Stran, which has raised $7 million. The bank's investment philosophy focuses on providing robust financial services and support to its clients. Salem Five also collaborates with LPL Financial to offer additional products and services, enhancing the value they provide to their portfolio companies.
Salem Five - Portfolio Snapshot
Portfolio activity breakdown across disclosed investments and stages
