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Overview / Commentary
866-665-2500
638 Main Street
Melrose, MA 02176

Melrose Bank is headquartered in Melrose and is the 96th largest bank in the state of Massachusetts. It is also the 2,148th largest bank in the nation. It was established in 1890 and as of March of 2018, it had grown to 27 employees at 1 location. Melrose Bank has an A+ health rating.

Related Posts

Melrose Bank Offers 2-Year CD In New England - 3/12/2018

Melrose Bank has raised the rate on its 2-year eCD (2.50% APY). Available online to residents of CT, ME, MA, NH, RI, and VT. Minimum deposit is $500.

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Health
A+

Health Grade Components

Overall
FDIC Certificate #26511
Year Established1890
Employees27
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.7%
Return on Equity - YTD5.91%
Annual Interest Income$2.5MM
Assets and Liabilities
AssetsQ1 2018vs Q1 2017$307.3MM$271.5MM
LoansQ1 2018vs Q1 2017$251.7MM$219.4MM
DepositsQ1 2018vs Q1 2017$229.1MM$220.5MM
Equity CapitalQ1 2018vs Q1 2017$36.3MM$34.9MM
Loan Loss AllowanceQ1 2018vs Q1 2017$1.2MM$870.00K
Unbacked Noncurrent LoansQ1 2018vs Q1 2017$205.00K$522.00K
Real Estate OwnedQ1 2018vs Q1 2017$0$0
Rates

Rates for Melrose Bank are currently being reviewed.

Locations


Melrose Bank Locations
Melrose Co-Operative Bank638 Main StreetMelrose, MA 02176

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