Canton Resident Lawrence Richards Joins Salem Five as Market Manager at New Concord Location

Salem Five has announced that Lawrence Richards has been appointed to the position of market manager at Salem Five’s newest branch location in Concord. In this role he will be responsible for consumer and business banking, overseeing sales activities, managing the Concord team and becoming an involved participant in community events and programs.

“We are very excited to have Lawrence leading the sales team at our Concord location,” said Salem Five President and CEO Joseph M. Gibbons. “His leadership experience, both in the office and out in the community, is such an asset to Salem Five, especially as we continue to grow in Middlesex County.”

Mr. Richards has extensive experience in banking, having worked in the industry for 18 years, most recently at Bank of America, where he was vice president of small business banking. He received his bachelor’s degree in business administration from Framingham State University and is a member of the Financial Industry Regulatory Authority (FINRA). Mr. Richards is an active member of his community, having served on the board of the neighborhood revitalization program, Boston Main Streets, and as an assistant den leader for his local Cub Scout troop. He lives in Canton, Mass.

Salem Five (salemfive.com) believes better banking starts with listening. A mutual institution founded in 1855, Salem Five designs and delivers sophisticated retail and commercial banking products and services coupled with smart technology. Among the first banks in the country to offer online banking, Salem Five continues to innovate, providing banking access wherever its customers need it: online, mobile, ATMs, offices, phone, email and more. Salem Five is one of the largest Massachusetts-headquartered banks with $2.9 billion in assets, and has 23 retail branches. Salem Five Mortgage Company finances more homes statewide than any other Massachusetts bank, and has offices throughout Massachusetts, Maine and Rhode Island. Salem Five Investment Services offers financial and retirement planning, portfolio review and money management with a focus on retirement income. Salem Five Insurance Agency provides personal and commercial insurance. Stoneham Savings, a division of Salem Five Bancorp (stonesav.com), has assets over $335 million and provides a full range of financial services to individual consumers and small- and middle-market businesses through six branches in Middlesex County. Deposits are insured through the FDIC and DIF. Investment and Insurance products sold through Salem Five Investment Services, LLC or Salem Five Insurance Services, LLC are:  not FDIC insured, not bank guaranteed, may lose value, not a deposit and not insured by any federal government agency.