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Community Banking

We are here.

We started this bank more than 165 years ago with the simple idea that we can better serve the community, families and individuals. While technology has changed, our desire to help people move forward remains constant.

At BankFive, we believe that we are only as strong as the customers, employees, and communities we serve. When it comes to establishing lasting relationships, we rely on the experience of our past, the innovation of today, and the hope of tomorrow. Ensuring we are here through the good times and the bad times. And this is how we stand the test of time. Because we share more than just a backyard with our customers. We share a vision of collaboration, service and integrity that can only be achieved when we approach all with compassion and integrity.

This makes us more than a bank, this makes us a mutual.

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Serving the Community that Serves Us
Why bank locally? Here are some things that make BankFive different than the "big banks". Learn More

Your goals are our priority. Our team takes time to understand where you are in life and where you want to be. Whether it's through our full lineup of valuable products and services, or by investing financial and volunteer resources in worthy local causes, everything we do is focused on improving life in the communities we love to serve. When you want a bank that feels like family, you can trust BankFive.

The greatest joy comes from giving back. BankFive is proud to:

Offer products, programs and events to benefit seniors, children and families, including:
Work with community organizations to bring affordable, comfortable housing to local residents. Some of our programs include:
Volunteer thousands of hours for more than 100 national and community organizations, including:
  • United Way of Greater New Bedford
  • United Way of Greater Fall River
  • Salvation Army
  • East Bay Warriors Pop Warner Football
  • Junior Achievement
  • Rotary Club of Fall River
  • Angels Anonymous
  • Community Boating Center of New Bedford
  • Somerset Lions Club
  • Rotary Club of Taunton
  • Our Lady of Perpetual Help Parish Church
  • One SouthCoast Chamber
  • Credit for Life
  • YMCA Southcoast
  • Bristol County Sheriff
  • Boy Scouts

 
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Our Employees Inspire Change
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.
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Community Banking Resources
Learn more about our mission, community involvement, and charitable giving.