About Melrose Bank
Melrose Bank is a company based in Melrose (United States) founded in 1890 was acquired by Cambridge Savings Bank in June 2020.. The company has 29 employees as of December 31, 2022. Melrose Bank offers products and services including Checking Accounts, Savings Accounts, Online Banking, Mortgages, and Auto Loans. Melrose Bank operates in a competitive market with competitors including Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others.
- Headquarter Melrose, United States
- Employees 29 as on 31 Dec, 2022
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Melrose Cooperative Bank
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
29
as on Dec 31, 2022
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Acquired by
Cambridge Savings Bank
(Jun 01, 2020)
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Products & Services of Melrose Bank
Melrose Bank offers a comprehensive portfolio of products and services, including Checking Accounts, Savings Accounts, Online Banking, Mortgages, and Auto Loans. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Accounts for daily transactions and money management
Accounts for saving with interest and growth options
Platform for remote access to accounts and transactions
Loans for home buying and equity financing
Financing options for vehicle purchases
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Funding Insights of Melrose Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Melrose Bank
Melrose Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cambridge Savings Bank. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are offered in the United States.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Melrose Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Melrose Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Melrose Bank Comparisons
Competitors of Melrose Bank
Melrose Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, First Republic Bank, Equity Bank, Investec and UniCredit, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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Commercial bank
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| domain | founded_year | HQ Location |
Commercial banking and wealth management services are offered globally.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Melrose Bank
Frequently Asked Questions about Melrose Bank
When was Melrose Bank founded?
Melrose Bank was founded in 1890.
Where is Melrose Bank located?
Melrose Bank is headquartered in Melrose, United States. It is registered at Melrose, Massachusetts, United States.
Who is the current CEO of Melrose Bank?
Jeff Jones is the current CEO of Melrose Bank.
How many employees does Melrose Bank have?
As of Dec 31, 2022, the latest employee count at Melrose Bank is 29.
What does Melrose Bank do?
Founded in 1890, Melrose Bank is operated as a commercial bank in Melrose, United States. Core services including deposits, loans, and basic financial products are extended to businesses and individuals. Operations are centered in the local region, with oversight from CEO and President Jeff Jones. The institution maintains a focus on standard banking functions within the financial sector.
Who are the top competitors of Melrose Bank?
What products or services does Melrose Bank offer?
Melrose Bank offers Checking Accounts, Savings Accounts, Online Banking, Mortgages, and Auto Loans.
Who are Melrose Bank's investors?
Melrose Bank has 1 investor. Key investors include Cambridge Savings Bank.