Wellesley Bank


Overview / Commentary
781-489-7600
40 Central Street
Wellesley, MA 02482

Wellesley Bank is headquartered in Wellesley and is the 46th largest bank in the state of Massachusetts. It is also the 830th largest bank in the nation. It was established in 1911 and as of June of 2019, it had grown to 82 employees at 6 locations. Wellesley Bank has an A health rating.

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Health

Health Grade Components

Overall
FDIC Certificate #26605
Year Established1911
Employees82
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.75%
Return on Equity - YTD9.2%
Annual Interest Income$19.5MM
Assets and Liabilities
AssetsQ2 2019vs Q2 2018$952.1MM$829.3MM
LoansQ2 2019vs Q2 2018$823.4MM$705.2MM
DepositsQ2 2019vs Q2 2018$730.8MM$643.5MM
Equity CapitalQ2 2019vs Q2 2018$76.5MM$68.3MM
Loan Loss AllowanceQ2 2019vs Q2 2018$7.1MM$6.4MM
Unbacked Noncurrent LoansQ2 2019vs Q2 2018$1.1MM$1.2MM
Real Estate OwnedQ2 2019vs Q2 2018$0$0
Rates

Rates for Wellesley Bank are currently being reviewed.

Locations


Wellesley Bank Locations
Linden Street Branch195-197 Linden StreetWellesley, MA 02482
Washington Street Branch29 Washington StreetWellesley Hills, MA 02481
Wellesley Bank40 Central StreetWellesley, MA 02482
Federal Street BranchOne Federal StBoston, MA 02110
North Hill Branch865 Central AveNeedham, MA 02492
Newton Centre Branch776-1 Beacon StreetNewton Center, MA 02459

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