March 03, 2015 5:48 PM ET


Company Overview of Salem Five Bancorp

Company Overview

Salem Five Bancorp operates as a bank holding company for Salem Five Cents Savings Bank which offers personal and commercial banking services. The company was incorporated in 2006 and is based in Salem, Massachusetts.

210 Essex Street

Salem, MA 01970

United States

Founded in 2006





Key Executives for Salem Five Bancorp

Chief Executive Officer and President
Executive Vice President
Compensation as of Fiscal Year 2014.

Salem Five Bancorp Key Developments

Salem Five Bancorp Announces Management Changes

Salem Five Bancorp CEO Joseph Gibbons is set to stand aside December 31, 2014, and will officially retire March 31, 2015. EVP and CFO Ping Yin Chai will succeed Gibbons. Bruce Potter has been promoted to EVP. He will be succeeded by Executive Vice President and CFO Ping Yin Chai on January 1, 2015. Chai has been with the Salem Five Cents Savings Bank parent for 32 years. Gibbons joined Salem Five in 1979 as comptroller and has served in various capacities, becoming president and CEO in 2002. Also, Bruce Potter has been promoted to executive vice president, retaining his oversight for enterprise risk management, legal, internal audit and compliance. He will also be assuming an enhanced role in business line management and strategic planning.

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