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Community Banking

We're committed to your financial well-being and success.

We started this bank 160 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. We believe that we can only be as strong as the communities we serve.

Your goals are our priority, and we exist to help you reach them. We believe in you, our neighbors in Massachusetts and Rhode Island, and we're dedicated to supporting our customers and community knowing that when you thrive, we all thrive. We’re friendly and caring in our approach, which is something you won't find at all banks. 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.

Because we believe it is time to do more than just bank together, Let's Thrive Together.

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

Offer products, programs and events to benefit seniors, children and families, including:
  • Senior Fraud Seminars
  • First-Time Homebuyer Workshops
  • The Nickels Savings Account for Kids
  • Financial Literacy Events

Work with community organizations to bring affordable, comfortable housing to local residents. Some of our programs include:
  • Home Equity Builder Program through The Federal Home Loan Bank of Boston
  • Buy Cities Program through MassHousing
  • Mass Save HEAT Loan Program
  • Rhode Island 0% Financing Program offered by National Grid
  • Solar Loan Program through MassCEC

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
  • Fall River Rotary
  • Angels Anonymous
  • Community Boating Center
  • Somerset Lions Club
  • Rotary Club of Taunton
  • Our Lady of Perpetual Help Parish Church
  • New Bedford Area Chamber of Commerce
  • Credit for Life
  • YMCA Southeastern MA
  • 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.