WELLESLEY BANCORP, INC. (NASDAQ:WEBK) Files An 8-K Other Events
Item 8.01
On November 20, 2019, the Board of Directors of Wellesley Bancorp, Inc. (the “Company”) declared a cash dividend on the Company’s outstanding shares of stock. The dividend of $0.06 per share will be paid on December 18, 2019, to stockholders of record as of the close of business on December 4, 2019.
A copy of the press release announcing the cash dividend is included as Exhibit 99.1 and incorporated herein by reference.
| 99.1 | Press Release dated November 20, 2019 |
Wellesley Bancorp, Inc. Exhibit
EX-99.1 2 tm1923514d1_ex99-1.htm EXHIBIT 99.1 Wellesley Bancorp,…
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About WELLESLEY BANCORP, INC. (NASDAQ:WEBK)
Wellesley Bancorp, Inc. is the holding company for Wellesley Bank (the Bank). The Bank operates as a community-oriented financial institution offering traditional financial services to consumers and businesses. It attracts deposits from the general public and uses those funds to originate residential mortgage loans, commercial real estate loans and construction loans, and, to a lesser extent, commercial business loans, home equity lines of credit and other consumer loans. It offers a range of deposits, which include noninterest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts, such as such as negotiable order of withdrawal (NOW) and money market accounts; savings accounts, and certificates of deposit. In addition, it also provides investment management services for high net worth individuals, families, businesses, private partnerships, nonprofit organizations, foundations and trusts through its subsidiary, Wellesley Investment Partners, LLC.
