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Leader Bank Opens New Branch In Arlington

Press Release

Leader Bank, N.A. announced the opening of their new full-service branch located in Arlington Center at 449 Massachusetts Avenue on September 8, 2004. This is the second branch of Leader Bank in Arlington. The grand opening ribbon-cutting ceremony will be held at the branch on Wednesday, September 22, 2004 at 11:00 AM.

The new branch will offer a full range of personal and business banking products, including free personal and business checking accounts, mortgage lending, home equity loans and deposit products. For customers' convenience, the branch includes an automated teller machine and night depository.

"Leader Bank prides itself on being a local community bank, specializing in personal-service banking, with decisions made locally to better serve our customers", said Sushil K. Tuli, President of Leader Bank "The new branch is an extension of that commitment to our customers", he added.

"We are delighted to see Leader Bank, N.A. open a branch in Arlington Center to help consumers and business owners with all their individual banking needs," said Jack Hurd a Town of Arlington selectman.

The branch hours will be Monday through Wednesday from 8:30 AM to 4.00 PM, Thursday and Friday from 8:30 AM to 6:00 PM and on Saturday from 9:00 AM to 1:00 PM.

Marc Sannizzaro of Winchester will serve as branch manager, heading a team of six staff members. Prior to joining Leader Bank, Marc worked at the Arlington center branch of Cambridgeport Bank.

With over $120 million in assets, Leader Bank is a nationally chartered bank located in Arlington, MA. Currently capitalized at $11.5 million, Leader Bank focuses its lending and banking services on business and individuals. Leader Bank, N.A. is a member of the Federal Deposit Insurance Corporation (FDIC) and the Federal Home Loan Bank of Boston (FHLB). The bank offers a complete array of banking services to individual and corporate customers.

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