What Happened?
Salem, MA-based Salem Five Appointed Raj Velmurugan as Senior Vice President and Chief Information Officer
Date of management change: April 30, 2019
Salem, MA-based Salem Five Appointed Raj Velmurugan as Senior Vice President and Chief Information Officer
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 right tools and expert service, it is possible to make money less complicated and thereby make customers’ lives simpler and easier` 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 $5 billion in assets and 36 retail branches in Essex, Middlesex, Norfolk and Suffolk counties` Salem Five deposits are insured through the FDIC and DIF` Equal Housing Lender`
Raj Velmurugan is Senior Vice President and Chief Information Officer at Salem Five. Previously, Raj held various senior IT leadership roles in the industry.
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