Melrose Bank

Melrose Bank was established in 1890 under the name Melrose Co-operative Bank. Initially, the bank operated without Federal Deposit Insurance Corporation (FDIC) insurance. On June 7, 2018, the institution changed its name to Melrose Bank. In a significant development for the organization, Melrose Bank merged with Cambridge Savings Bank on June 1, 2020, becoming part of the larger financial institution based in Cambridge, Massachusetts.

Below is a list of some important events in banks history, including mergers and acquisitions.

1890-01-01Institution established but was not FDIC insured. Original name: Melrose Co-operative Bank.

2018-06-07Changed Institution Name to Melrose Bank.

2020-06-01Merged and became part of Cambridge Savings Bank in Cambridge, MA.