Wellesley Bancorp, Inc. announced that, effective July 1, 2016, the Board has appointed Michael W. Dvorak as Chief Financial Officer and Treasurer of the Company. Mr. Dvorak is replacing the Company's current CFO, Gary P. Culyer, who is retiring effective July 1, 2016. Mr. Dvorak brings extensive financial and operational leadership experience to the Company and Wellesley Bank.

He has more than 30 years of banking experience, most recently as Senior Vice President of Finance at State Street Corporation. Previous experience includes 15 years at Keycorp where he was the CFO of both the Community Bank and the Consumer Bank.