During the corresponding time, Wellesley Bancorp Inc recorded a revenue increase by 12.63 % year on year, sequentially revenue grew by 7.77 %. While revenue at the Wellesley Bancorp Inc 's corporate clients
Wellesley Bancorp Inc's Comment on Sales, Marketing and Customers
We conduct our operations from our executive offices, three full-service branch
offices located in Wellesley, Massachusetts, a community within the greater Boston
metropolitan area, one limited service office located in Needham, and one full-service
branch office located in Boston. Our primary lending market is defined by our
Community Reinvestment Act assessment area, and includes the communities of Wellesley,
Brookline, Dover and Needham in Norfolk County, the communities of Natick, Newton,
Cambridge and Weston in Middlesex County and portions of Boston in Suffolk County.
Due to our locations in and around Boston, our primary market area benefits from
the presence of numerous institutions of higher learning, medical care and research
centers and the corporate headquarters of several investment and financial services
companies. The greater Boston metropolitan area also has many life science and
high technology companies employing personnel with specialized skills. These factors
affect the economic vitality of the region and impact the demand for residential
homes, residential construction, office buildings, shopping centers, and other
commercial properties in our market area.
Our market area is located largely in the Boston-Cambridge-Quincy, Massachusetts/New
Hampshire Metropolitan Statistical Area. Based on the 2010 United States census,
the Boston metropolitan area is the 10th largest metropolitan area in the United
States. Located adjacent to major transportation corridors, the Boston metropolitan
area provides a highly diversified economic base, with major employment sectors
ranging from services, manufacturing and wholesale/retail trade, to finance, technology
and medical care.
Sources:
Wellesley Bancorp Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Wellesley Bancorp Inc’s corporate clients.
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