The Salem Five Cents Savings Bank, known as the “Nickel Bank,” because deposits started at 5 cents, was founded in 1855. The bank’s building at 210 Essex Street in Salem, designed by an unknown architect, was built in 1892, with later modifications. The bank is now known as Salem Five. The bank building was constructed to complement the Ezekiel Hersey Derby House, which once stood next door. That c. 1800 house, later known as the Maynes Block, was planned by Charles Bulfinch with interior work by Samuel McIntire. The house was removed in the early 1970s and replaced by the bank’s modern wing, designed by Oscar Padjen. Architectural elements from the house’s interior are now in the Philadelphia Museum of Art.