Wellesley Bank Continues Expansion with Plans to Open Boston Office

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Wellesley Bank Continues Expansion with Plans to Open Boston Office

WELLESLEY, Mass.--(BUSINESS WIRE)-- Wellesley Bank, a premier banking and wealth management company, announced today that it would open a Boston Office at One Federal Street in the fourth quarter of 2013. The company currently has three branch offices in Wellesley where it has been providing financial services to individuals and businesses for over 100 years.

According to Thomas J. Fontaine, the Bank's President and CEO, "Opening an office in Boston has long been a key component of our company's strategic plan for growth. We have been actively looking during the past year to establish a presence in Boston as a means to more effectively serve our clients and further increase the significant growth we've experienced as people leave large financial institutions and seek stable, more personalized banking and wealth management services at companies such as ours for their financial needs."


Fontaine continues, "The success we've had to date proves that the sophisticated client, and investor, whether it be a an individual or a business, greatly values the combination of highly personalized attention we offer, financial expertise and the financial strength and stability we have consistently delivered since our founding in 1911."

Wellesley Bank will open its first Boston office in the heart of the city's financial district at One Federal Street and will occupy 3,000 square feet of space on the ground floor of the building. Continued Fontaine, "In evaluating where we wanted to establish our presence in Boston, we wanted to be in a geographic location that would allow our existing clients to realize optimum convenience from the office and provide us with significant marketplace exposure to maximize our Company's growth potential."

The Boston office will be managed by Henry M. Connors, Senior Vice President. Connors has been with Wellesley Bank for 15 years and is a 25 year veteran in the financial services industry.

This location, in addition to the company's other locations, will provide clients with convenient access to personal and business banking, residential mortgages, commercial lending, and wealth management services.

Wellesley Bank provides comprehensive premier banking and wealth management services to successful people, families, businesses and nonprofit organizations. The company's team of highly experienced and knowledgeable bankers and investment professionals provides exceptional personalized services and trusted advice to its clients.

Wellesley Bank and its wholly owned wealth management company, Wellesley Investment Partners, LLC are subsidiaries of Wellesley Bancorp, Inc. (NAS: WEBK) .



Wellesley Bancorp, Inc.
Thomas J. Fontaine, 781-489-7609
President & CEO
www.wellesleybank.com

KEYWORDS:   United States  North America  Massachusetts

INDUSTRY KEYWORDS:

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