Company:  WELLESLEY BANCORP, INC. (WEBK)
Form Type:  10-Q
Filing Date:  5/9/2019 
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: 
$31.25  
Change: 
0.00 (0.00%)  
Trade Time: 
Jul 22  
Market Cap: 
$79.70M
Trade WEBK now with

© 2019  
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.
Register and access this filing in:     
  FORM 10-Q
    PART I. FINANCIAL INFORMATION
      Item 1. Financial Statements (Unaudited)
        BALANCE SHEET
        STOCKHOLDERS EQUITY
        CASH FLOW
        NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
      Item 2. Management's Discussion and Analysis of Financial ...
      Item 3. Quantitative and Qualitative Disclosure About Market ...
      Item 4. Controls and Procedures
    PART II. OTHER INFORMATION
      Item 1. Legal Proceedings
      Item 1A. Risk Factors
      Item 2. Unregistered Sales of Equity Securities and Use of ...
      Item 3. Defaults Upon Senior Securities
      Item 4. Mine Safety Disclosures
      Item 5. Other Information
      Item 6. Exhibits
    SIGNATURES
  EXHIBIT 31.1
    Certification
  EXHIBIT 31.2
    Certification
  EXHIBIT 32.0
    CERTIFICATION PURSUANT TO