Melrose, Massachusetts--(Newsfile Corp. - March 12, 2020) - Melrose Bancorp, Inc. (OTC Pink: MELR) ("Company"), the parent holding company of Melrose Bank ("Bank"), today announced its results of operations for the year ended December 31, 2019.The Company's net income for the year ended December 31, 2019 was $502,000, or $0.23 per diluted share, compared to net income of $1.8 million, or $0.74 per diluted share, for 2018. The decrease in net income resulted significantly from ...

Melrose, Massachusetts--(Newsfile Corp. - May 26, 2020) - Melrose Bancorp, Inc. (OTC: MELR), the holding company of Melrose Bank, and Cambridge Financial Group, Inc., the mutual holding company for Cambridge Savings Bank, a state-chartered savings bank, jointly announced today that all regulatory approvals relating to the acquisition by Cambridge of Melrose Bancorp and Melrose Bank have been received. Melrose Bancorp shareholders previously approved ...

Melrose, Massachusetts--(Newsfile Corp. - May 1, 2020) - Melrose Bancorp, Inc. (OTC Pink: MELR) announced today that, at a special meeting of stockholders held on April 28, 2020, its stockholders voted to approve the Agreement and Plan of Merger, dated as of December 18, 2019, by and between Cambridge Financial Group, Inc. and Melrose Bancorp, Inc., and the merger of a wholly-owned subsidiary of Cambridge Financial Group, Inc. with and into Melrose Bancorp. Subject ...

Cambridge, Massachusetts and Melrose, Massachusetts--(Newsfile Corp. - December 18, 2019) - Cambridge Financial Group, Inc., the mutual holding company for Cambridge Savings Bank, a state-chartered savings bank, and Melrose Bancorp, Inc. (OTC Pink: MELR) have jointly announced today that they have entered into a definitive merger agreement in which Cambridge Financial Group, Inc. will acquire Melrose Bancorp, Inc. Melrose Bancorp is the holding company of Melrose Bank, a $337 million Massachusetts-chartered cooperative bank with ...

Melrose, Massachusetts--(Newsfile Corp. - January 9, 2020) - Melrose Bancorp, Inc. (OTC Pink: MELR) (the "Company") today announced that its board of directors declared an annual cash dividend of $0.34 per common share. The dividend will be paid on or about February 14, 2020, to stockholders of record as of the close of business on Jan. 29, 2020.Forward-Looking StatementsCertain statements herein constitute "forward-looking statements" and actual results may differ from those contemplated by these ...