One of the oldest and largest community banks in Massachusetts, Cambridge Savings Bank is a full-service banking institution with over $5 billion in assets. As a mutual bank, CSB is committed to improving the quality of life of our employees, customers, and the communities we serve. Cambridge Savings Bank offers a full line of individual and business banking services. It has branches located in Arlington, Bedford, Belmont, Burlington, Cambridge, Charlestown, Concord, Lexington, Newton, Watertown, and now Melrose.
Yes. As part of the merger, Melrose Bank is now part of Cambridge Savings Bank. The Melrose branch is the 17th branch location of Cambridge Savings Bank.
Yes. Many of the same knowledgeable and friendly staff members that have served you for years will continue to serve you now and in the future.
Branch hours will not change. Branch locations and hours can be found at
Post system integration, please begin using CSB’s telephone banking by calling 888.418.5626 and following the prompts to enter in your new, initial telephone banking PIN which will be the last 4 digits of your social security number.
Yes. The basic FDIC insurance amount is $250,000 for each depositor. If you had money in both banks before the merger and the combined total (including accrued interest) is $250,000 or less, all of your money remains fully protected. If you have questions regarding deposit insurance, you should call the FDIC at 1.877.ASK.FDIC or 1.877.275.3342 and ask to speak to a deposit insurance specialist.

Community & Charitable Foundation

CSB has a long history of supporting the communities we serve – we will remain committed to the Melrose community as well – supporting business development and charitable organizations that improve the financial well-being of the community.
The Melrose Bank Charitable Foundation will continue to exist as a separate entity, returning to its original name, the Melrose Cooperative Bank Charitable Foundation. Grant and application process information is available on an independent website,

Several of the Cambridge Savings branch locations have collaboration/community rooms that customers and non-profits can schedule to use. Please refer to to view the branches that have a collaboration/community room available and instructions on scheduling a meeting.

Community/collaboration room availability is subject to change based on the COVID-19 environment.

These FAQs are subject to change.