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Wellesley Bancorp announces 96,286 share repurchase plan

The company announced today that the board has approved the repurchase of up to 96,286 shares, or approximately 4.0% of the company's outstanding common stock. The shares acquired will be used to fund restricted stock awards under the company's 2012 Equity Incentive Plan, which was approved by stockholders at the company's annual meeting held on August 15.