Learn about what's new at the bank and what we've been up to in the community.
June 1, 2020
Cambridge, Massachusetts, June 1, 2020 – Cambridge Financial Group, Inc., the mutual holding company for Cambridge Savings Bank completed its acquisition of Melrose Bancorp, Inc. (OTC: MELR), the holding company of Melrose Bank, effective June 1, 2020.
August 5, 2019
On Friday, August 23, 4-6 pm, Melrose Bank invites you to a “Goodbye Summer” Party in the parking lot. This family- and dog-friendly event will have an ice cream truck giving away free tasty treats, games, music, and more. It’s the last Friday before school starts in Melrose, so let’s celebrate the final days of summer! Visit Melrose Bank's Facebook event page for more information.
May 10, 2019
On Wednesday, May 1, 2019, a box truck inadvertently struck Melrose Bank’s ATM and drive up canopy roof causing significant structural damage. The Melrose fire, police, and building departments assessed the situation swiftly and fortunately there were no injuries.
March 19, 2019
Melrose, MA – March 19, 2019 – Melrose Bank is sponsoring a first-time homebuyer certification course in partnership with Community Teamwork, Inc. The two-session course will take place on Saturday, May 11th and Saturday, May 18th from 8:45 a.m. to 1:30 p.m. at First United Methodist Church in Melrose located at 645 Main Street.
March 18, 2019
On Thursday, April 4, from 6-8 pm, Melrose Bank will host its first-ever “After Hours: Ask the Experts” Q&A session focused on all things real estate.
January 14, 2019
Melrose Bank announced it will offer financial relief options for furloughed federal workers affected by the ongoing partial government shutdown.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
November 13, 2012
Melrose Bank will be running a "Likes for Charity" promotion on their Facebook Page.
October 23, 2012
Melrose Bank is currently running a "Likes for Charity" promotion on their Facebook Page.
May 21, 2012
Melrose Bank recently announced that Doug MacDonald has joined the bank as its Senior Mortgage Originator.
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.
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.
January 30, 2008
Melrose Bank announced today that their 2007 company wide “Denim Days” donations totaled $2,623.
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.
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.
March 15, 2006
The Melrose Symphony Orchestra (MSO) has named Melrose Bank as their Official Bank.
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.
November 12, 2005
Melrose Bank has donated $30,000 to two local area community groups.
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.
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.