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Press Releases

Learn about what's new at the bank and what we've been up to in the community.

Edward Fitzgerald Joins Melrose Bank as Vice President, Commercial Lending

June 14, 2018

Melrose, MA – June 14, 2018 –  Melrose Bank is pleased to welcome Edward Fitzgerald as Vice President, Commercial Lending. Fitzgerald will help to further diversify the real estate portfolio, facilitate construction financing, and embark on a focused commercial and industrial business lending effort for the Bank.

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Melrose Bank to Sponsor First-Time Homebuyer Course

May 17, 2018

Melrose, MA – May 17, 2017 – Melrose Bank is sponsoring a Citizens’ Housing and Planning Association (CHAPA) approved first-time homebuyer course for Community Teamwork, Inc.

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Melrose Bank Recognized as one of the Top 200 Healthiest Banks in America

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.

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Melrose Bank Goes Solar

August 9, 2017

When it comes to investing in solar energy, Melrose continues to be one of the top communities in Massachusetts. The latest example is Melrose Bank, located at 638 Main St., which recently completed the installation of a rooftop and carport solar array that will supply more than half of the bank’s electricity.

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Melrose Bank to Partner with Local Business for Tailgating Celebration

January 31, 2017

Melrose, MA – January 27, 2017 – In partnership with Melrose’s popular eatery Petrone’s Pizza, Melrose Bank will host a “Fun Friday” event on Friday, February 3rd. The bank’s lobby will be open to the public from 4:00pm to 7:00pm for a Patriot’s Tailgating Party where pizza, beer samples (21+ with ID required) and other refreshments will be served.

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Celebrate “Home for the Holidays” with Melrose Bank

November 24, 2016

Melrose, MA – November 18, 2016 – Melrose Bank (Melrose) will host a “Fun Friday” event from 3:00pm to 6:00pm on Friday, December 2nd in its lobby. The public is welcome to stop by to decorate gingerbread cookies from D’Amici’s Bakery and take advantage of special product offers. The bank will be open for business during the event.

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Melrose Bank to Host Community Event in Partnership with Local Businesses

September 23, 2016

Melrose, MA – September 20, 2016 – In partnership with Petrone’s Pizza and Beacon Hill Wine and Gourmet, Melrose Bank will host a “Fun Friday” event on Friday, September 30th.

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Melrose Bank Foundation Sponsors Tunes and Tales Event for Local Families

August 22, 2016

Melrose, MA – August 18, 2016 – Melrose Bank was honored to sponsor a series of four Tunes and Tales events hosted by the North Suburban Child & Family Resource Network this summer. Most recently, families gathered on the lawn of the Beebe Estate in Melrose for a free concert featuring New England-based children’s music group, Ben Rudnick and Friends.

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Melrose Bank Ranks Among Top 200 Healthiest Banks in America

July 27, 2016

Melrose, MA - July 26, 2016 - Melrose Bank was recognized as one of the Top 200 Healthiest Banks in America by Deposit Accounts, a comprehensive online resource dedicated to depository savings information. A financial health-rating algorithm is used to calculate scores, which are the basis of the ranking.

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Melrose Bank's "Denim Days" Donations Surpass $25,000 Milestone

December 30, 2015

Melrose, MA – December 11, 2015 – Melrose Bank announced that its company wide “Denim Days” donations have surpassed the $25,000 milestone. Since the initiative first began in 2006, this weekly tradition of making a $3.00 donation for the privilege of wearing denim on Friday has helped to fund programs, advocacy, research and services through local and national charities.

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Melrose Bank Foundation Presents $15,000 Donation to Stoneham Theatre

November 18, 2015

Melrose, MA – November 18, 2015 – The Melrose Bank Foundation recently made a $15,000 donation to the Stoneham Theatre to support its sixteenth season productions.

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Melrose Bank Welcomes VP of Commercial Lending Mark Zink

August 18, 2015

Melrose, MA – August 17, 2015 – Melrose Bank has announced the addition of commercial real estate lending to its suite of services. The new commercial real estate loan products include, but are not limited to, commercial, industrial, and retail development financing, multifamily housing financing, and construction loans for properties such as condominium complexes to retail strip centers.

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Melrose Bank Establishes Foundation to Support Local Charitable and Community Service Organizations

August 10, 2015

Melrose, MA – August 6, 2015 – Melrose Bank has announced the Melrose Bank Foundation, a new charitable foundation established to support the efforts of local 501c(3) non-profit charitable and other qualified community service organizations in communities in which the Bank operates. The foundation is funded with shares of Melrose Bancorp (MELR) common stock and cash.

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First-ever Mattress Recycling Event comes to Melrose

July 9, 2014

Melrose, MA - July 8, 2014 – The city of Melrose and Melrose Bank are co-sponsoring the city’s first mattress recycling event on Saturday, July 19. The event will be held from 8:00 am until 12:00 pm at City Yard, 72 Tremont Street, and is free to all Melrose residents.

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Melrose Bank Makes Donation Towards Melrose Emergency Fund

May 16, 2014

Melrose, MA- April 9, 2014- Melrose Bank recently made a $677 donation towards the Melrose Emergency Fund. The money was raised through a “Likes for Charity” fundraiser on their Facebook Page along with their “Denim Days” fundraiser.

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Melrose Bank Makes Donation Towards Housing Families, Inc.

March 3, 2014

Melrose, MA - Melrose Bank recently made a $1,057 donation towards Housing Families, Inc. The money was raised through a "Likes for Charity" fundraiser on their Facebook Page along with their "Denim Days" fundraiser.

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Melrose Bank Helps Brighten the Holidays for Foster Care Children

November 13, 2012

Melrose Bank will be running a "Likes for Charity" promotion on their Facebook Page.

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Melrose Bank Helps Brighten the Holidays for Neighbors

October 23, 2012

Melrose Bank is currently running a "Likes for Charity" promotion on their Facebook Page.

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Melrose Bank Announces New Senior Mortgage Originator

May 21, 2012

Melrose Bank recently announced that Doug MacDonald has joined the bank as its Senior Mortgage Originator. 

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Melrose Bank Thanks The Community With Week Long Celebration

April 10, 2012

Melrose Bank is thanking the community for its patronage and support by hosting a week-long community appreciation event that will take place from Monday, April 23 to Saturday, April 28 during regular business hours. 

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Citywide Shredding and Recycling Day

June 2, 2010

The City of Melrose and Melrose Bank are cosponsoring a citywide drop off recycling event on Saturday, June 19. 

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Citywide Drop Off Recycling Day

June 3, 2009

The City of Melrose and Melrose Bank are cosponsoring a citywide drop off recycling event on Saturday, June 20. 

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Melrose Bank Warns Community of Phishing Attacks - Protect Yourself and Your Finances From Spoofing Attempts

November 3, 2008

Melrose Bank reported that fraudulent emails bearing the bank’s name and website design have been circulating in attempt to solicit private banking information.

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Melrose Bank's "Denim Days" Inspires Generosity in 2007

January 30, 2008

Melrose Bank announced today that their 2007 company wide “Denim Days” donations totaled $2,623. 

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Melrose Bank's "Denim Days" Help to Support Charities

May 31, 2007

Since September of 2006, the bank now has weekly “Denim Days”, whereby employees pay $3 each week for the privilege of wearing denim to work on Friday. The money collected is donated to a different charitable organization at an employee’s suggestion each month.

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Melrose Bank Invites the Community to a "Shredding Party"

April 30, 2007

Melrose Bank is hosting a community shredding party on Saturday, May 12, 2007 from 10:00am to 2:00pm, in the bank office parking lot at 638 Main Street. 

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Not Rich, But Want to Buy Your First Home?

May 6, 2006

A new financing option through Melrose Bank gives renewed hope to first time home-buyers with moderate income.

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Melrose Bank Named Official Bank of Melrose Symphony Orchestra

March 15, 2006

The Melrose Symphony Orchestra (MSO) has named Melrose Bank as their Official Bank. 

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Melrose Symphony Orchestra Closes 2004-2005 Season on a High Note

November 20, 2005

The Melrose Symphony Orchestra (MSO) will entertain an expected sell-out crowd on Saturday, May 7th, its final concert of the 2004-2005 season. 

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Melrose Bank Donates $30,000 to Two Local Community Organizations

November 12, 2005

Melrose Bank has donated $30,000 to two local area community groups.

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Melrose Symphony Orchestra Announces First Concert of 2005

January 1, 2005

The Melrose Symphony Orchestra (MSO) kicks off the 2005 year with its’ first concert on March 5th, featuring piano soloist John Ferguson. 

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Melrose Bank Awards Grant to Mystic Valley Elder Services

August 18, 2004

Thanks in part to a $1,000 grant from Melrose Bank, Mystic Valley Elder Services’ (MVES) Money Management Program will continue to grow, helping area elders manage their bills and check registers.

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