WELLESLEY, Mass.–(BUSINESS WIRE)–Wellesley Bank and its subsidiary Wellesley Investment Partners,       announced the appointment of William J. Cadigan as President of       Wellesley Investment Partners, LLC (WIP). Cadigan brings thirty-five       years of experience in investment management to WIP. Earlier in his       career he was a Senior Vice President at Smith Barney in the Dallas,       Chicago and New York City offices. He was later appointed the Global       Head of the Private Client Services group for Credit Suisse First Boston       headquartered in New York City and Boston. He subsequently founded       Cadigan Capital Management, LLC, managing investment portfolios for high       net worth individuals. WIP Chairman Thomas J. Fontaine noted that “Bill       is an accomplished investment management professional who has the ideal       background to lead our growing team of investment professionals. We look       forward to his efforts to expand our client base, strengthen the firm’s       offerings and further our extraordinary client service experience.”       Cadigan is a graduate of Amherst College and resides with his family in       Wellesley.

“Bill       is an accomplished investment management professional who has the ideal       background to lead our growing team of investment professionals. We look       forward to his efforts to expand our client base, strengthen the firm’s       offerings and further our extraordinary client service experience.”

Wellesley Investment Partners is an independent Registered Investment       Advisor and is a wholly owned subsidiary of Wellesley Bank. WIP provides       discretionary investment management services to individuals, not for       profit organizations, institutions, endowments and other Registered       Investment Advisors.

Established in 1911, Wellesley Bank is a Massachusetts chartered stock       cooperative bank, with total assets of $303.1 million, total deposits of       $245.2 million and total equity of $22.7 million at December 31, 2011.       Wellesley Bank is a community-oriented financial institution offering       traditional financial services, including competitive banking products       and investment management services, within its local communities through       its executive office and two full service offices located in Wellesley,       Massachusetts. Wellesley Bank is a wholly owned subsidiary of Wellesley       Bancorp, Inc. (Nasdaq Capital Market: WEBK).