WELLESLEY, Mass., May 23, 2019 /PRNewswire/ -- Wellesley
Bancorp, Inc. (Nasdaq Capital Market: WEBK) (the "Company"), the
holding company for Wellesley Bank
today announced that on May 22, 2019,
its Board of Directors approved a quarterly cash dividend to its
stockholders of $0.06 per common
share, an increase of 9.1% from the prior quarter's dividend,
to be paid on June 19, 2019 to
stockholders of record as of the close of business on June 5, 2019.
About Wellesley Bancorp
Wellesley Bank and its wholly-owned wealth
management company, Wellesley Investment Partners, LLC, are
subsidiaries of Wellesley Bancorp, Inc.
Wellesley Bank provides personal,
customized, premier banking services to successful people,
families, businesses and Non-profit organizations. The bank
has six full-service banking offices in Wellesley, Newton and Boston. Wellesley Investment
Partners, a subsidiary of Wellesley
Bank, provides wealth management services to individuals and
families, private foundations and endowments. Wellesley Bank has been serving the Greater Boston Area for over 105 years.
Forward Looking Statements
This press release contains
certain forward-looking statements about the Company and the
Bank. Forward-looking statements include statements regarding
anticipated future events and can be identified by the fact that
they do not relate strictly to historical or current facts.
They often include words such as "believe," "expect," "anticipate,"
"estimate," and "intend" or future or conditional verbs such as
"will," "would," "should," "could," or "may." Forward-looking
statements, by their nature, are subject to risks and
uncertainties. Certain factors that could cause actual
results to differ materially from expected results include
increased competitive pressures, changes in the interest rate
environment, general economic conditions or conditions within the
securities markets, and legislative and regulatory changes that
could adversely affect the business in which the Company and the
Bank are engaged.
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SOURCE Wellesley Bancorp, Inc.