Banks in Salem, MA
Branches open
14
Banks present
9
Deposits (2025)
$4.1B
Closings on record
2
1 openings
Banks by deposits in Salem (2025)
| Bank | Deposits | Share | Branches |
|---|---|---|---|
| Salem Five Cents Savings Bank | $2.9B | 71.3% | 3 |
| Eastern Bank | $392M | 9.7% | 3 |
| Bank of America | $354M | 8.7% | 1 |
| TruNorth Bank | $135M | 3.3% | 2 |
| Institution for Savings in Newburyport and Its Vicinity | $127M | 3.1% | 1 |
| TD Bank | $96M | 2.4% | 1 |
| M&T Bank | $26M | 0.6% | 1 |
| Marblehead Bank | $20M | 0.5% | 1 |
| Rockland Trust Company | $15M | 0.4% | 1 |
All branches
- Salem Five Cents Savings Bank — 71 Washington St$2.0B
- Salem Five Cents Savings Bank — 210 Essex St$785M
- Bank of America — 21 Paradise Rd$354M
- Eastern Bank — 6 Traders Way$244M
- Institution for Savings in Newburyport and Its Vicinity — 6 Paradise Rd$127M
- Salem Five Cents Savings Bank — 424 Essex St$107M
- TD Bank — 600 Loring Ave$96M
- TruNorth Bank — 73 Lafayette St$78M
- Eastern Bank — 37 Central St$77M
- Eastern Bank — 19 Congress St$71M
- TruNorth Bank — 319 Highland Ave$57M
- M&T Bank — 7 Traders Way$26M
- Marblehead Bank — 125 Canal St$20M
- Rockland Trust Company — 193 Washington St$15M
Closings
- Santander Bank — Salem, MAbank exits city22 NEW DERBY ST · closed August 7, 2025
- 139 WASHINGTON STREET · closed February 11, 2022
Transcribed from FDIC BankFind Suite active-location records, the annual Summary of Deposits and structure-change records. Deposit figures reflect the office to which deposits are reported and may not represent where depositors live.