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Leader Bank Celebrates Tenth Anniversary As Leading Community Bank

Press Release

It is with great pride that Leader Bank, N.A. announces the celebration of its tenth anniversary of operations.  At 10:00 am on May 8, 2002, Leader Bank opened its doors for the first time at its East Arlington branch, with seven employees and $6.5 million in assets.  A decade later, Leader Bank has grown exponentially, operating five branches and two loan production offices, with over 170 employees in Massachusetts and $535 million in assets.

“We are extremely pleased to reach this historic milestone,” states Sushil K. Tuli, President, CEO and Founder of Leader Bank.  “Our growth story is nothing short of remarkable as evidenced by the Bank’s consistently strong performance.  Leader Bank’s success is the result of our dedicated employees identifying market opportunities while delivering the highest quality of service to our customers.”

Over the past decade, Leader Bank has taken great strides to serve the businesses and residents of Massachusetts.  The Bank has become a leader in commercial and small business lending, participating in both the Small Business Administration Lending Fund Program and the Massachusetts Small Business Partnership.  In particular, Leader Bank made over $16 million in small business loans in 2011, which resulted in the creation of over one hundred new jobs in the Commonwealth.  Leader Bank has also helped thousands of Massachusetts residents to reach their dream of home ownership, having originated over $3.5 billion in residential loans since January of 2010. 

Leader Bank is consistently recognized as one of the nation's top community banks. Specific recognitions over the past few years include:

•  Bauer Financial has awarded Leader Bank a 5-Star Superior Rating every quarter since 2010;

•  The Small Business Administration named Mr. Tuli and Leader Bank as the 2012  Massachusetts Financial Services Champion;

•  The ABA Banking Journal honored Leader Bank as one of the nation’s top ten performing banks in 2011;

•  SNL Financial named Leader Bank as one of the top 35 community banks in the country in 2011;

•  Inc. Magazine identified Leader Bank as one of America’s fastest growing private companies in 2008 and 2011;

•  The Boston Globe ranked Leader Bank as one of the Top 100 Places to Work in Massachusetts during 2009 and 2010; and

•  The Boston Business Journal recognized Mr. Tuli as one of Massachusetts’ most admired CEOs.

“As we celebrate our 10th anniversary, I want to thank our employees for their commitment to our mission of providing quality banking and lending services and our Board of Directors for their continued valued guidance,” states Mr. Tuli.  “Most importantly, however, I want to thank our devoted customers for the trust they have placed in Leader Bank over the past ten years, and we look forward to serving them in the decades to come.”

About Leader Bank
Leader Bank is a nationally chartered bank founded in 2002 that currently has five full service branches in Arlington, Belmont, Burlington, and Cambridge. Leader Bank offers a full range of personal and business banking products including free personal and business checking accounts, commercial and residential lending products, home equity lines of credit, and free online banking and bill payment services.

For more information or to open a new account today, visit Leader Bank’s website at www.leaderbank.com or stop by any of our five convenient branch locations: 141 Massachusetts Avenue, Arlington, MA 02474; 449 Massachusetts Avenue, Arlington, MA 02474; 363 Pleasant Street, Belmont, MA 02478; 50 Mall Road, Burlington, MA 01803; and 675 Massachusetts Avenue, Cambridge, MA 02139. To contact Leader Bank, please call our toll free number 877-691-7900.

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