Wellesley Bank

Status:Inactive as of 06/01/2020
 Merger - Without Assistance
Successor Bank:Cambridge Trust Company
Headquarters:Wellesley Bank
40 Central Street
Wellesley, MA 02482
Established:01/01/1911
FDIC Insurance:08/09/1989
FDIC Cert:#26605
Charter Class:
Total Assets:$948,256,000
Total Deposits:$735,886,000

History

1911-01-01Institution established but was not FDIC insured. Original name: Wellesley Co-operative Bank
1986-03-27Became FDIC insured.
2005-05-16Changed name to Wellesley Bank
2012-01-25Changed organization type to COOPERATIVE BANK STOCK
2020-06-01Merged into and subsequently operated as part of Cambridge Trust Company (8152) in Cambridge, MA
2022-10-01Acquired Northmark BankCambridge Trust Company (27119) in NORTH ANDOVER, MA.

Financial Information (2020-03-31 and Older)