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Salem Five Cents Savings Bank is a full-service financial institution founded in 1855, serving as an FDIC-insured mutual bank with approximately $8 billion in assets and over 30 retail branches across New England. The bank provides comprehensive banking, mortgage lending, loans, insurance, and investment services with a focus on community relationships and innovation, having been among the first banks to offer online banking.
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SBA 7(a) Acquisition Loan Data As Of June 30, 2025
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of June 30, 2025
Median
$651K
Average
$376K
All rates shown as spread over Prime Rate
This Lender
Market Average
As Of June 30, 2025 - 10-year default rate indicates underwriting quality
10-Year Default Rate
0.0%
Bottom 10% of Lenders (Highest Default Rate)
Performance Ranking
100th
Lower is better among all lenders
As Of June 30, 2025 - States by loan volume (darker blue = higher volume)
