WELLESLEY, Mass., May 23, 2019 /PRNewswire/ -- Wellesley
Bancorp, Inc. (Nasdaq: WEBK) (the "Company"), the parent company of
Wellesley Bank (the "Bank"), today
announced that the Company's shareholders have elected James J. Malerba to the Company's Board of
Directors. Mr. Malerba has also been appointed to the Bank's Board
of Directors.
Mr. Malerba was an Executive Vice President and Chief Financial
Officer with Radius Bank from 2014 to 2018. Prior to his
service at Radius Bank, Mr. Malerba was Executive Vice President,
Chief Administrative Officer and Controller at State Street Bank
from 2004 to 2014.
"We are very pleased to welcome James J.
Malerba as a director of the Company and the Bank," said
Thomas J. Fontaine, President and
Chief Executive Officer of the Company and the Bank. "Jim's
background as an executive serving in compliance and audit roles
also provides the Board with significant financial and operational
expertise. The Board believes that Jim's community banking, audit
and accounting experience will be of great value to us as we
approach $1 billion in assets, and
beyond."
About Wellesley Bancorp
Wellesley Bank and its
wholly-owned wealth management company, Wellesley Investment
Partners, LLC, are subsidiaries of Wellesley Bancorp, Inc.
Wellesley Bank provides personal,
customized, premier banking services to successful people,
families, businesses and Non-profit organizations. The bank
has six full-service banking offices in Wellesley, Newton and Boston. Wellesley Investment
Partners, a subsidiary of Wellesley
Bank, provides wealth management services to individuals and
families, private foundations and endowments. Wellesley Bank has been serving the Greater Boston Area for over 105 years.
View original content to download
multimedia:http://www.prnewswire.com/news-releases/wellesley-bancorp-inc-shareholders-elect-james-j-malerba-as-director-300856009.html
SOURCE Wellesley Bancorp, Inc.
