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Bank of Salem was established in November 1908 by a group of local businessmen to meet the communities growing needs for a
banking institution. In 1982, Bank of Salem was purchased by Smith Associated Banking. Bank of Salem now has over $105 million
in assets and employs over 40 people.
Bank of Salem is proud to remain a community bank, dedicated to serving its customers’ needs. The bank continues to add new
products and services, such as investments and insurance services, to better reach those needs.
Bank of Salem participates in several community activities throughout the year. New to the area is the Fulton County Home and Garden Show held in March. Other activities include the Fishing Derby, sponsoring the Mark Thomas 5k Race at Fulton County Homecoming, Relay for Life, the 4th of July Celebration at the Salem City Park, and the Chamber of Commerce Christmas Lighting.
The bank is also very active in giving back to the community. As a community project for 2005 the bank purchased a new sound system for the rodeo arena at the Fulton County fairgrounds. Also, the bank awards two scholarships each year to graduating high school students in the area. In addition, the bank sponsors several youth sports programs, supports Fulton County Family Life Outreach Program, and donates educational books to surrounding schools.
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