Melrose Bancorp, Inc. is a regional bank holding company headquartered in Norridge, Illinois, operating through its wholly owned subsidiary, Melrose Bank. The company provides a full suite of commercial and consumer banking services designed to meet the financial needs of individuals, small and mid-sized businesses, and real estate investors throughout the Chicago metropolitan area.
Melrose Bank’s product offerings include demand, savings and money market deposit accounts, as well as consumer and mortgage lending solutions. On the commercial side, the bank specializes in owner-occupied and investor commercial real estate financing, Small Business Administration (SBA) loans, lines of credit, and equipment financing. Customers also benefit from online and mobile banking platforms, treasury management services, and remote deposit capture for streamlined account access and cash management.
The organization was originally formed in 2005 under the name Palos Bancorp, Inc. as a bank holding company for Palos Bank. In August 2021, the firm adopted the Melrose Bancorp name to better reflect its broader geographic focus across the region. Over the years, the company has expanded its branch network across Chicago and surrounding suburbs, building deep ties to local communities and fostering long-term client relationships.
Led by an experienced management team with extensive backgrounds in community and commercial banking, Melrose Bancorp emphasizes local decision-making and personalized service. The company remains committed to supporting economic growth in its core markets by delivering tailored financial solutions and maintaining strong engagement with business owners and residents throughout the region.
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