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SALEM — Pioneer Trust Bank, one of Salem’s oldest locally rooted financial institutions, was named Business of the Year at the Salem Chamber’s annual meeting Monday, a recognition that placed long-term local ownership, community banking and reinvestment at the center of the city’s business conversation.
A Century-Old Salem Bank Gets Top Honor
The award honored more than a century of Salem banking history and a company that has remained closely tied to the community through major changes in the financial industry. Pioneer Trust Bank was founded in 1924 as Pioneer Trust Company. Banking services were added in 1968, beginning the next chapter for an institution that now operates two Salem locations, including an office near Salem Health…