April 11, 2018
Melrose Bank was again recognized as one of the Top 200 Healthiest Banks in America by DepositAccounts, a comprehensive online resource dedicated to reporting depository savings information. Based on, deposit growth, capitalization and the ratio of funds available to loan totals Melrose Bank received an A+ for its overall financial health rating.
Jeffrey Jones, Melrose Bank’s President and CEO stated “We are a community bank that is committed to maintaining a safe banking environment where customers will receive high-quality products and services. It is our ultimate goal to guarantee that our customer’s finances and best interests are prioritized during every transaction.”
DepositAccounts utilizes a proprietary formula to assess the financial health of all federally insured banks and credit unions nationwide. For more information about DepositAccounts and the achievement, please visit: https://www.depositaccounts.com/banks/melrose-cooperative-bank.html#health.
Founded on April 4, 1890, Melrose Bank remains a community bank dedicated to providing financial resources and support for the community. Products and services include residential mortgages, consumer loans, commercial real estate loans, retirement plans and full-service banking. All deposits are insured in full by the Federal Deposit Insurance Corporation and the Share Insurance Fund, up to legal limits. For more information, please visit melrosebank.com or facebook.com/MelroseBank.