Filed by Cambridge Bancorp
Pursuant to Rule 425 under the
Securities Act of 1933, as amended
Subject Company: Wellesley Bancorp, Inc.
Commission File No: 001-35352
On February 27, 2020, the Company mailed the following letter to Cambridge shareholders of record as of the record date for the special meeting of Cambridge
shareholders:
February 27, 2020
Dear
Cambridge Bancorp Shareholders:
At the Special Meeting for the shareholders of Cambridge Bancorp, (CATC) scheduled for March 16,
2020, you will be asked to approve the Agreement and Plan of Merger of Wellesley Bancorp with and into Cambridge Trust Company. Wellesley Bank will merge with and into Cambridge Trust Company, with Cambridge Trust Company as the surviving entity.
Shareholders will also be asked to approve one or more adjournments of the Special Meeting, if necessary, to permit further solicitation of proxies if there are insufficient votes at the time of the Special meeting.
Cambridge shareholders will continue to hold their existing shares. Following the merger, Cambridge common stock will continue to trade on NASDAQ under the
symbol CATC.
Approval of the merger cannot be completed unless the holders of at least two-thirds of
the outstanding shares of Cambridge common stock entitled to vote at the Special Meeting vote to approve the merger agreement, including the issuance of Cambridge common stock in connection with the merger. Your vote is extremely important and is
critical to conducting the formal business of the meeting.
Voting your Proxy:
Please take a few moments of your time and vote today. To vote by telephone, please call 1(800) 776-9437. You
can also log on to: www.voteproxy.com to vote conveniently and securely online. Please note that to vote by telephone or via the internet, you will need the 11 digit unique control number that appears on the proxy card.
If you have questions concerning the merger or need assistance voting your shares please contact Chief Financial Officer Michael Carotenuto at: (617) 520-5520, Monday thru Friday, 9a.m. to 5p.m. EST.
No matter how many shares you own, it is important that you
vote your shares today! The Cambridge board of directors recommends that you vote FOR the merger proposal and FOR the adjournment proposal.
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Sincerely,
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Michael F. Carotenuto
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Chief Financial Officer
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Cambridge Bancorp
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Time and location of
meeting:
8:30 a.m. EST., at the Cambridge Trust Wealth Management office,
75 State Street, 18th Floor
Boston, Massachusetts 02109