Company:  WELLESLEY BANCORP, INC. (WEBK)
Form Type:  10-K
Filing Date:  3/29/2019 
CIK:  0001526952 
Address:  100 WORCESTER STREET, SUITE 300 
City, State, Zip:  WELLESLEY, Massachusetts 02481 
Telephone:  781-235-2550 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$31.73  
Change: 
0.00 (0.00%)  
Trade Time: 
Aug 15  
Market Cap: 
$81.22M
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Description of Business
Wellesley Bancorp, Inc. Wellesley Bancorp, Inc. (the "Company" or "Wellesley Bancorp") was incorporated in September 2011 to be the holding company for Wellesley Bank (the "Bank") following the Bank's conversion (the "Conversion") from the mutual to stock form of ownership. On January 25, 2012, the Conversion was completed and the Bank became the wholly-owned subsidiary of the Company. Also on that date, the Company sold and issued 2,407,151 shares of its common stock at a price of $10.00 per share, through which the Company received net offering proceeds of $21.2 million. The Company's principal business activity is the ownership of the outstanding shares of common stock of the Bank. The Company does not own or lease any property, but instead uses the premises, equipment and other property of the Bank, with the payment of appropriate rental fees, as required by applicable laws and regulations, under the terms of an expense allocation agreement entered into with the Bank.
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  FORM 10-K
    PART I
      Item 1. Business
      Item 1A. Risk Factors
      Item 1B. Unresolved Staff Comments
      Item 2. Properties
      Item 3. Legal Proceedings
      Item 4. Mine Safety Disclosures
    PART II
      Item 5. Market for Registrant's Common Equity, Related ...
      Item 6. Selected Financial Data
      Item 7. Management's Discussion and Analysis of Financial ...
      Item 7A. Quantitative and Qualitative Disclosures About ...
      Item 8. Financial Statements and Supplementary Data
      Item 9. Changes in and Disagreements with Accountants on ...
      Item 9A. Controls and Procedures
      Item 9B. Other Information
    PART III
      Item 10. Directors and Executive Officers of the Registrant
      Item 11. Executive Compensation
      Item 12. Security Ownership of Certain Beneficial Owners and ...
      Item 13. Certain Relationships and Related Transactions, and ...
      Item 14. Principal Accountant Fees and Services
    PART IV
      Item 15. Exhibits and Financial Statement Schedules
    Report of Independent Registered Public Accounting Firm
    Notes to Consolidated Financial Statements
    SIGNATURES
    Report of Independent Registered Public Accounting Firm
    BALANCE SHEET
    STOCKHOLDERS EQUITY
    CASH FLOW
  EXHIBIT 21.1
    SUBSIDIARIES
  EXHIBIT 23.1
    CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
  EXHIBIT 31.1
    CERTIFICATION
  EXHIBIT 31.2
    CERTIFICATION
  EXHIBIT 32.1
    CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,