Salem Five Bank Salary

Salem Five Bank Salary

How Much Does Salem Five Bank Pay for employees?

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As of August 2026, the average annual salary for employees at Salem Five Bank in the United States is $104,824. This translates to an approximate hourly wage of $50. Salaries at Salem Five Bank typically range from $91,903 to $119,020 annually, reflecting the diverse roles and experience levels within the company. Salem Five Bank’s salaries are influenced by a wide range of factors including job role, department, years of experience, and location.
DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

How Much Does Salem Five Bank Pay for Different Roles?

The table below outlines the annual salary ranges for popular roles within the company, helping you benchmark potential earnings. Use 'View by Card/Table' option to find the data most relevant to your career path.

Digital Services Specialist

$34,932 / year

Salary Range: $31,525 - $38,948

Security Services

Contact Center Agent

$86,351 / year

Salary Range: $75,884 - $100,095

Sales

Fraud and Security Specialist

$91,520 / year

Salary Range: $78,966 - $105,937

Security Services

Digital Support Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

Business Anaylst

$136,585 / year

Salary Range: $115,388 - $156,730

Library

Digital Banking Agent

$69,758 / year

Salary Range: $61,896 - $78,750

Construction

DISCLAIMER: The salary range presented here is an estimation that has been derived from our proprietary algorithm. It should be noted that this range does not originate from the company's factual payroll records or survey data.

Turn Insight into Opportunity: Current Job Openings

Ready for your next career move? Explore current job openings at Salem Five Bank.
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About Salem Five Bank: Company Profile

Website
www.salemfive.com
Founded In
1855
Employees
500 - 1,000 employees
Industry
Financial Services
Headquarter Location
LOWELL
Revenue
$200 Million - $500 Million
Phone Number
-
Social Media
About SALEM FIVE BANK
*Reminder: Never include personal account information when posting on LinkedIn.* Salem Five Bancorp is the parent company of Salem Five (www.salemfive.com), a mutual institution founded in 1855 which designs and delivers sophisticated retail and commercial banking products and services coupled with smart technology. Salem Five's products and services all originate from its belief that, with the ri

Employee Reviews: Insights on Salary, Culture & Work-Life

Gain authentic perspectives from current and former employees. These anonymous reviews offer invaluable insights into Salem Five Bank's culture, work-life balance, management, and employee sentiment regarding salary satisfaction, bonus payouts, and benefits.
Career growth is possible but based on tenure rather than merit. Regular training programs enhance skills and knowledge. There are occasional team-building events, but mostly it’s a quiet, task-focused environment. This is a place where performance and effort are truly acknowledged. The ethical culture is palpable - compliance and transparency aren't just checkboxes but core values.
Commented in April 05, 2025
11
0
Inclusive and respectful workplace. Meetings are functional, rarely creative. Supportive management and consistent feedback have made a difference in my growth. Our compliance culture is robust yet practical. Cross-departmental projects are common, and employees are encouraged to share insights. What I appreciate most is how this diversity enhances our problem-solving and client service capabiliti...
Commented in March 11, 2025
23
1
The first month is well-structured without being overwhelming. Time limits are enforced. Strong emphasis on process and accuracy. The benefits are generous, and the team culture promotes collaboration and respect, making it easy to stay motivated and engaged. There’s a lot of attention to detail, and people care about doing things right.
Commented in January 27, 2024
37
2

How Salem Five Bank's Salaries Compare to Similar Companies?

The data below provides a snapshot of what comparable firms are paying, offering crucial context for evaluating Salem Five Bank’s pay competitiveness. Click on a company for a deeper dive.

Is Salem Five Bank’s Pay Competitive? Salary Benchmarking Analysis

How does Salem Five Bank’s compensation stack up against the market? This analysis visualizes their average salary compared to its industry benchmark and key peer companies.
Peer Company & Industry Benchmarking
180k
150k
120k
90k
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30k
0
Average Salary ($/year)
Salem Five Bank
Financial Services
SEACOAST BUSINESS SERVICES
SOUTHVIEW BANK
Industry Comparison
Our data shows that, on average, compensation at Salem Five Bank is below the average for the U.S. Financial Services industry by approximately 14%. This positioning suggests their pay is below the market average within their sector.
Peer Company Comparison
To provide a broader market perspective, we compared Salem Five Bank average annual salary with several similar companies. Salem Five Bank average salary of $104,824 is higher than SEACOAST BUSINESS SERVICES, which has an average salary of $94,139. It is higher than SOUTHVIEW BANK, with their average salary at $102,517. This places Salem Five Bank in a competitive position among its peers.
See Your True Competitors
The companies behind the question marks could be hiring your best people. Don't operate with incomplete data. Unlock your full competitive view with Salary.com for Business to precisely benchmark salaries, benefits, and more against your true competitors.

What Is the Cost of Living Near Lowell?

Understanding the cost of living near Lowell is key to truly evaluating a salary offer or your current compensation at Salem Five Bank.
Lowell's Cost of Living Index is approximately 115.8 (15.8% more expensive than US average; 12.7% less than MA average). Merrimack Valley city, historic mills, housing more affordable than Boston. LRTA bus, Commuter Rail. When planning your budget based on a salary from Salem Five Bank, consider these typical monthly expenses:
Expense Category Estimated Monthly Cost Key Considerations / Notes
Housing (1-BR Apt Rent) $1,600 - $2,300+ A significant portion of Salem Five Bank salary. Location choices impact this heavily.
Utilities (Basic) $170 - $280 Electricity, Heating, Cooling, Water etc.
Public Transportation $50 (LRTA monthly pass) Essential for most commuters; car ownership is costly.
Groceries (Single Person) $450 - $660 Can be higher with more dining out or specialty stores.
Personal & Leisure $400 - $730+ Dining out, entertainment, shopping. Highly variable.
Healthcare (Individual) $400 - $750+ Varies significantly by plan & employer contribution.
Subtotal (Excluding Taxes) $3,070 - $4,720+ This subtotal does not include income taxes (federal, state, local), which can significantly impact your take-home pay.

Most Common Questions About Salem Five Bank

FAQ 1: What is the estimated average total compensation at Salem Five Bank?
Salary.com estimates that the average total compensation package at Salem Five Bank, which can include base salary, potential bonuses, and benefits, is around $104,824 annually . Total compensation provides a more holistic view of an employee's earnings.
FAQ 2: How much does Salem Five Bank pay compared to SEACOAST BUSINESS SERVICES?
The average annual salary at Salem Five Bank is $104,824, or an hourly wage of $50, in comparison to SEACOAST BUSINESS SERVICES which pays $94,139 per year or $45 per hour.
FAQ 3: What's the typical salary progression for an employee moving from an entry-level to a senior role at Salem Five Bank?
Salary progression from an entry-level to a senior role at Salem Five Bank can be significant, often involving several promotions and substantial pay increases. For example, an entry-level Analyst might see their salary potentially double or more as they progress to a Senior Manager or Director position over several years, assuming strong performance and development.
FAQ 4: How can I determine if a salary offer from Salem Five Bank in Lowell is fair given the local cost of living?
To determine if a salary offer from Salem Five Bank in Lowell is fair, first compare the gross salary to our data for similar roles at Salem Five Bank and its competitors (see our similar company salaries section) . Then, critically, use our "Cost of Living Insights for Lowell" to understand its purchasing power.
FAQ 5: Are promotions at Salem Five Bank usually accompanied by a significant salary increase?
Yes, promotions at Salem Five Bank are generally accompanied by a salary increase. The amount of the increase typically reflects the greater responsibilities, skills, and scope of the new role. The percentage increase can vary widely depending on the level of promotion and the company's compensation structure.

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