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Bank Executive Joins NECC Foundation

Submitted by on April 12, 2018 – 6:33 pm

Ping Yin Chai has joined the NECC Foundation.

North Andover resident Ping Yin Chai, president and chief executive officer of the Salem Five Bank, Salem, Massachusetts, has joined the Northern Essex Community College Foundation, Inc.

A graduate of Bentley University, he also earned an MBA from Suffolk University.

He serves as vice chairman of the Mass Housing Finance Agency. He is a past member of of Boston and the Salem YMCA.

The NECC Foundation, Inc. is a nonprofit organization that provides support for the college and its students. Incorporated in 1972, the Foundation assists NECC by making connections with the business community, foundations, and other potential revenue sources. It additionally hosts fundraisers and special events.

Funds raised are used for student scholarships, equipment purchases, program revitalization efforts, faculty and staff development, and other needs as they arise and as approved by the Foundation Board of Directors. Board members are appointed to multi-year terms.

For additional information, contact Jean Poth, NECC’s vice president of institutional advancement, at