Company Information

Get to know Salem Five

Founded in 1855, Salem Five Cents Savings Bank is a mutual savings bank headquartered in Salem, Massachusetts. It operates as a full-service financial institution providing personal and business banking solutions, residential and commercial mortgage lending, wealth management and investment services through its subsidiary Salem Five Investment Services, and insurance services through Salem Five Insurance. The company's mission focuses on serving the financial needs of individuals, families, and businesses within its communities.

Industry

Financial BankingPRIMARY
Financial Other Service

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Salem Five

United States

Founded in

1855 (171 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.