Salem Five Appoints CRE Vet Scott Ricards to Board of Trustees

Salem — Salem Five Bancorp has announced that J. Scott Rickards has been named to its Board of Trustees. Rickards brings more than 30 years of commercial real estate and management experience to the Board, having overseen some of Boston’s most prominent office assets.

Currently a Vice President of Property Management at Lincoln Property Company and a member and past President of BOMA Boston, Rickards is responsible for a multi-million-square-foot real estate portfolio in downtown Boston and Cambridge. According to a release from the bank, Rickards’ deep knowledge of the local real estate market and strategic asset management make him a valuable advisor for the Bank’s continued expansion in the region.

“Scott has spent over three decades helping shape the commercial fabric of our region, and we are fortunate to bring that depth of experience to our Board,” said Ping Yin Chai, President and CEO of Salem Five Bancorp. “His understanding of the challenges and opportunities facing Boston’s business owners will help ensure Salem Five remains the premier choice for relationship-driven commercial banking.”

Rickards earned his bachelor’s degree from Colby College. Before Lincoln Property Company, he held leadership roles at Beacon Management Company and Equity Office Properties, overseeing some of Boston’s premier real estate assets, including Rowe’s Wharf, One Post Office Square, 60 State Street, and 225 Franklin Street

Ping Yin Chai

J. Scott Rickards