This paper proposes a new three-mode resonator, which consists of a parallel-coupled microstrip line resonator embedded with a slotline resonator, and develops a compact low-loss bandpass filter (BPF) with a sharp roll-off response because of four transmission zeros (TZ) located very near the passband. Resonance mechanism and properties of the three modes are first analyzed by using an eigen-mode analysis, and then an equivalent circuit model is established for expressing a novel coupling scheme of the developed BPF. It is made clear from the results of circuit analysis that the four TZs are produced because of multiple paths between the input/output stub lines formed by the three resonant modes and the direct source/load coupling. The validity of the proposed resonator and filter is supported by the comparison between simulated and measured results.