Wellesley Bancorp (WEBK) in Wellesley, Mass., has appointed Ralph Letner as chief lending officer and senior vice president of its bank subsidiary.
Letner will be responsible for the commercial and residential lending operations of the Wellesley Bank, reporting directly to Chairman and Chief Executive Thomas Fontaine, the $476 million-asset company said in a press release.
Letner has held various executive positions in banking in the Boston area for more than 28 years. His employers have included Boston Private Bank & Trust Co. and Citizens Bank, where he served for 12 years in small- and midsize-business lending roles.
"His industry experience and lending expertise will be a tremendous asset to our organization as we continue to expand our client base," Fontaine says.