Community Banking

Community involvement begins with our employees, the dedicated people who believe in the places where they live and work. BankFive employees perform their jobs with professionalism and integrity, and they're equally committed to volunteer work in their communities.

The Fall River leaders who founded us as Fall River Five Cents Savings Bank in 1855 sought to fill a need in the community. Banks at that time required a minimum $1 deposit to open an account. That was unachievable for many of the factory workers who worked and lived in the city. When we opened our doors, we opened the possibility of saving to many of the residents who never before had that opportunity. More than 160 years later, we remain committed to those founding principles by bringing affordable financial solutions to our communities’ residents and investing in the communities we serve with financial and volunteer support.

Our employees have been and continue to be the heart of our operations. Collectively, we believe in helping the people of our community save for their future goals, own a home, pay for their children's educations, and launch businesses. We’re proud of our service record, and we pledge that every action we take and every decision we make is geared toward upholding our commitment to the development and growth of our Massachusetts and Rhode Island communities.

Do you want to see more of the work we do in our communities? Read about our Charitable Foundation, Charitable Giving Program, and Community Reinvestment Act.