Company Information

Get to know Wellesley Bancorp

Founded in 1911, Wellesley Bank was a community-focused financial institution serving individuals, families, and businesses in Wellesley, Massachusetts, and the surrounding affluent communities. As the holding company, Wellesley Bancorp, Inc. oversaw the bank's operations, which included a full suite of personal and commercial banking services, residential mortgage lending, and wealth management services through its Wellesley Investment Partners division. On June 1, 2020, Wellesley Bancorp, Inc. was officially acquired by Cambridge Bancorp, the parent company of Cambridge Trust Company. Following the merger, all Wellesley Bank branches were rebranded as Cambridge Trust.

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Financial BankingPRIMARY
Financial Other Service
Financial Wealth Management

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Wellesley Bancorp

United States

Founded in

1911 (115 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.