Salem Five Charitable Foundation Awards $1,000 to Marblehead Museum & Historical Society

Salem Five Charitable Foundation Awards $25,000 to Massachusetts Nonprofits

Proceeds Raised from Salem Five Charitable Golf Tournament

SALEM, Mass. – November 13, 2012 – Continuing to demonstrate its commitment to positively impacting regional communities and the nonprofit organizations that serve them, the Salem Five Charitable Foundation awarded a total of $25,000 to 25 local nonprofit organizations. The funds are proceeds from the foundation’s 25^th annual golf tournament held at the Salem Country Club. Each year Salem Five employees nominate organizations that they are personally involved in. Twenty-five are then selected to each receive a $1,000 award.

“Salem Five listens to its customers, community and employees,” said Joseph M. Gibbons, president and chief executive officer of Salem Five Bank. “Our Charitable Foundation golf tournament is a great intersection of these groups and provides us the opportunity to recognize the various agencies and organizations that they’re involved in. We look forward to seeing how our grants will help further the respective missions and activities of these organizations as well as the services they provide.”

The organizations receiving a donation include:

• Acord Food Pantry
• Bethany House Ministries
• Beverly Bootstraps Community Services, Inc.
• Big Sister Association of Greater Boston
• Boys & Girls Club of Lynn
• The Carroll School
• Cerebral Palsy Association of Eastern Massachusetts
• Community Action Programs Inter-City
• Danvers Community YMCA
• Danvers People to People Food Pantry
• ·         Girls Inc.
• Greater Medford Visiting Nursing Association
• Healing Abuse Working for Change (HAWC)
• Independent Living Center of the North Shore and Cape Ann
• Lovelane Special Needs Horseback Riding Program
• Lynn Business Education Foundation
• Marblehead Museum & Historical Society
• Massachusetts Coalition for the Homeless
• The Mastocytosis Society, Inc.
• ·         My Brother’s Table
• New England Disabled Sports
• Plummer Home for Boys
• RAW Art Works
• Salem Rotary Club Scholarship Foundation
• St. Peter’s Kitchen

The Salem Five Charitable Foundation gives particular focus to supporting organizations that promote economic self-sufficiency, workforce development and financial literacy.  To learn more about the Salem Five Charitable Foundation, visit https://www.salemfive.com/index.php/about-salem-five/charitable-foundations

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 Services 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.