About Wellesley Bank
Wellesley Bank is a company based in Wellesley (United States) founded in 1911 was acquired by Cambridge Trust Company in December 2019.. Wellesley Bank offers products and services including Wealth Management Services, Private Banking, and Investment Management. Wellesley Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Wellesley, United States
- Stage Public
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Sectors
Financial Services
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Email
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Phone
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Website
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Social
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- Legal Name Wellesley Bancorp, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Employee Count
Employee Count
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Acquired by
Cambridge Trust Company
(Dec 09, 2019)
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Products & Services of Wellesley Bank
Wellesley Bank offers a comprehensive portfolio of products and services, including Wealth Management Services, Private Banking, and Investment Management. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides tailored investment strategies for wealth preservation and growth.
Offers personalized banking and advisory for high-net-worth individuals.
Manages diversified portfolios to mitigate market volatility risks.
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Funding Insights of Wellesley Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wellesley Bank
Wellesley Bank has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Cambridge Trust Company. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial banking services are offered in the United States.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wellesley Bank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Wellesley Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wellesley Bank Comparisons
Competitors of Wellesley Bank
Wellesley Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Commercial banking services are provided across the United States.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wellesley Bank
Frequently Asked Questions about Wellesley Bank
When was Wellesley Bank founded?
Wellesley Bank was founded in 1911.
Where is Wellesley Bank located?
Wellesley Bank is headquartered in Wellesley, United States. It is registered at Wellesley, Massachusetts, United States.
Who is the current CEO of Wellesley Bank?
Thomas Fontaine is the current CEO of Wellesley Bank.
What does Wellesley Bank do?
Wellesley Bank was established in 1911 in Wellesley, United States, as a commercial bank focused on regional financial operations. Deposits, loans, and related services are extended to individuals and businesses within the local area. Leadership is held by Thomas Fontaine in the role of CEO and President. Core activities emphasize standard banking functions without specialized international reach, maintaining a presence in the domestic market.
Who are the top competitors of Wellesley Bank?
What products or services does Wellesley Bank offer?
Wellesley Bank offers Wealth Management Services, Private Banking, and Investment Management.
Who are Wellesley Bank's investors?
Wellesley Bank has 1 investor. Key investors include Cambridge Trust Company.