Shawn Ford to Lead Business Banking at Salem Five

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Ford brings nearly 30 years of financial service experience to the leadership role.

Salem, MA., November 25, 2024 – Shawn Ford has been promoted to Team Leader/Business Banking at Salem Five, bringing vast retail and commercial banking experience to his new role, the Bank announced today.

Ford will oversee a team of business bankers who work closely with the 33-branch Retail Division to provide small and medium sized business with an array of products and services, from loans and lines of credit to deposit and cash management services.

“Shawn is one of our most successful business bankers, because he takes the time to get to know his customers and what they need to succeed and thrive,” said Joseph F. Riley, Executive Vice President at Salem Five. “He has the experience and energy to mentor our Business Banking professionals and help us better serve existing and future business customers.”

Prior to joining Salem Five as a Business Banker in 2017, Ford was a Commercial Lending Officer at Eagle Bank. Prior to that, he has worked in a number of Business Banking, Retail and Regional Manager positions for Eastern Bank, Citizens Bank and HSBC.

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 $8 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.


FOR MORE INFORMATION

(800) 850-5000
marketing@Salemfive.com