SETTLEMENT AGREEMENTSettlement Agreement • March 27th, 2020 • Wellesley Bancorp, Inc. • Savings institutions, not federally chartered • Massachusetts
Contract Type FiledMarch 27th, 2020 Company Industry JurisdictionThis Settlement Agreement (the “Agreement”) is entered into as of March 23, 2020, by and among LOUIS CROSIER (“Executive”), WELLESLEY BANK (the “Bank”), WELLESLEY BANCORP, INC. (“Wellesley”), CAMBRIDGE TRUST COMPANY (“CTC”), and CAMBRIDGE BANCORP (“Cambridge”) (collectively the “Parties”).