Wellesley Bank, a premier bank and wealth management company, announced today that Ralph L. Letner, a respected leader and long-time banking industry executive has joined Wellesley Bank as Chief Lending Officer.

In this role, Letner will be responsible for the leadership and oversight for all commercial and residential lending functions within Wellesley Bank.  He will report directly to Wellesley Bank’s President and CEO, Thomas J. Fontaine.

Letner has more than 28 years of banking experience in the Greater Boston Area, most recently as Senior Vice President/Commercial Team Leader at Boston Private Bank & Trust Company.  Previously he served 12 years with Citizens Bank in progressively expanding roles to both small and middle market privately held businesses, with an emphasis on C&I Lending.  Ralph has a B.S. from the U.S. Merchant Marine Academy and an MBA from Babson College.  He is actively involved in several business and community groups including serving as former chair and current committee member of the Natick Elderly and Disabled Taxation Fund.

“We are very pleased to welcome Ralph to Wellesley Bank’s senior leadership team” said Wellesley Bank’s President and CEO, Thomas J. Fontaine.  “His industry experience and lending expertise will be a tremendous asset to our organization as we continue to expand our client base.”

Wellesley Bank provides comprehensive premier banking and wealth management services to successful people, families, businesses and non-profit organizations.  The company’s team of highly experienced and knowledgeable bankers and investment professionals provides exceptional personalized services and trusted advice to its clients.

Wellesley Bank and its wholly owned wealth management company, Wellesley Investment Partners, LLC are subsidiaries of Wellesley Bancorp, Inc. (NASDAQ:WEBK)