Are There Too Many Banks in Wellesley?

First Republic Bank is moving into a building at 284 Washington St., as indicated by in the windows and some movement today. The building used to be home to a location, which closed last December.

Often, readers will comment either on Wellesley Patch or on its Facebook Page, that along with restaurants, there are too many banks in Wellesley.

First Republic will join , and many others on a long list of established banks in Wellesley.

With the addition of one more: Are there now too many banks in Wellesley?