Salem Five Steps Up to Help the Boys & Girls Club of Greater Salem

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Bank employees donate 142 pairs of sneakers to children and staff

Salem, MA., May 8, 2023 – Salem Five employees donated 142 pairs of new sneakers to the children and staff at the Boys & Girls Club of Greater Salem, as part of an internal Bank campaign dubbed “KICKstarter” to help the not-for-profit organization.

The club is diagonally across the street from one of Salem Five’s branches in Salem and the Bank has a long history of supporting the Boys & Girls Club, which serves hundreds of children through a variety of programs.

The idea of contributing sneakers originated from a conversation between leaders of the two organizations. Bank employees were asked if they would like to buy a pair of sneakers and donate them to the kids and staff. 

“I was pleased but not surprised by the number of employees who volunteered to buy sneakers for our friends at the Boys & Girls Club,” said Ping Yin Chai, Salem Five’s President and CEO. “The Bank has a long history of giving back to the communities it serves and our employees donate countless hours annually through volunteer work, and they were excited to support the children through this Bank sponsored program.” 

With inflation and the high cost of clothing – particularly footwear – the Bank’s effort could not have happened at a better time, said Joanne Scott, Executive Director of the Boys & Girls Club. “We sincerely appreciate the generosity of Salem Five and its employees,” she said.

About Salem Five Bank

Salem Five Bancorp is the holding company of Salem Five (www.salemfive.com), a mutual bank founded in 1855. Whatever the need and whatever the goal, Salem Five’s banking, investment and insurance professionals have the expertise to move customers forward. Salem Five has more than $6 billion in assets and 33 retail branches in Essex, Middlesex, Norfolk and Suffolk counties. Divisions include Salem Five Mortgage Company, one of the largest mortgage lenders headquartered in New England; Salem Five Wealth Management & Trust, which offers fiduciary wealth management services to institutions and high-net-worth individuals, financial and retirement income planning, portfolio review and money management; and Salem Five Insurance Services, which provides personal and commercial insurance. Salem Five deposits are insured through the FDIC. Salem Five Mortgage Company’s NMLS # is 4662. Equal Housing Lender. Securities are offered through LPL Financial, member FINRA/SIPC. Life insurance products are offered through LPL Financial or its licensed affiliates. Insurance and investment products are not FDIC insured, not bank guaranteed, may lose value, not a deposit, and not insured by any federal government agency.

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