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Bankular
Local banking directory

Banks and Bank Branches in Salem, Massachusetts

The FDIC reported 15 deposit-reporting offices from 10 institutions in Salem as of June 30, 2025. Bankular currently provides 16 detailed location pages with addresses, maps and directions.

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FDIC-reported offices15
Institutions reporting10
Detailed location pages16
Reported branch deposits$4.09B
SOD reporting dateJune 30, 2025

Reported-office totals come from the annual FDIC Summary of Deposits survey. Maps and branch-detail links appear only for locations with a validated Bankular location page.

Market analysis

What the deposit data shows

FDIC SOD, June 30, 2025
Largest institutionSalem Five Cents Savings Bank70.68% of deposits
Top three share88.91%
Deposit HHI5,190Higher concentration
Current detailed pages161 more than the June 2025 SOD count

Salem Five Cents Savings Bank held 70.68% of reported branch deposits in Salem. The three largest institutions together held 88.91%. Bankular places the resulting HHI of 5,190 in its higher concentration descriptive band.

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Detailed bank locations in Salem

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Detailed directory

Institutions with validated location pages

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Detailed bank locations in Salem

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Institution for Savings in Newburyport and Its Vicinity

1 detailed location

Manufacturers and Traders Trust Company

1 detailed location

Local deposit market

Reported offices, deposits and market share

FDIC SOD, June 30, 2025
InstitutionReported officesDepositsShare
Salem Five Cents Savings Bank3$2.89B70.68%
Eastern Bank3$392.0M9.58%
Bank of America1$353.9M8.65%
TruNorth Bank2$134.9M3.29%
Institution for Savings in Newburyport and Its Vicinity1$126.6M3.09%
TD Bank1$96.3M2.35%
Santander Bank1$34.5M0.84%
Manufacturers and Traders Trust Company1$26.4M0.64%
Marblehead Bank1$20.2M0.49%
Rockland Trust Company1$15.2M0.37%