Wellesley Bank

Wellesley Bank was established on January 1, 1911, as the Wellesley Co-operative Bank, operating initially without Federal Deposit Insurance Corporation (FDIC) insurance. Over the years, the institution underwent several significant changes. On May 16, 2005, it changed its name to Wellesley Bank and relocated its main office to 40 Central Street, Wellesley, Massachusetts. Subsequently, on January 25, 2012, Wellesley Bank changed its organization type to a cooperative bank stock. The bank continued to operate until June 1, 2020, when it merged with Cambridge Trust Company in Cambridge, Massachusetts. This marked the first of two mergers; on July 12, 2024, Wellesley Bank merged again, becoming part of Eastern Bank in Boston, Massachusetts.

Below is a list of some important events in banks history, including mergers and acquisitions.

1911-01-01Institution established but was not FDIC insured. Original name: Wellesley Co-operative Bank.

2005-05-16Changed Institution Name to Wellesley Bank.

2005-05-16Main Office moved to 40 Central Street, Wellesley, MA 02482.

2012-01-25Changed Organization Type to Cooperative Bank Stock.

2020-06-01Merged and became part of Cambridge Trust Company in Cambridge, MA.

2024-07-12Merged and became part of Eastern Bank in Boston, MA.