Posted on: August 29, 2014
On Tuesday, August 26th, a large group of Leader Bank employees participated in the renowned ALS Ice Bucket Challenge by dumping ice cold water over their heads in an effort to raise money for ALS research.... More gift
Posted on: August 7, 2014
Leader Bank, N.A. is pleased to announce that its Board of Directors has promoted Jay Tuli, Patrick Boyaggi and Mike Tassone, each of whom will assume the position of Senior Vice President effective immediately. “On behalf of all our directors, I am pleased to announce these.... More gift
Posted on: June 25, 2014
Leader Bank, N.A. is pleased to announce that Michael Bonsey has joined the Bank’s senior management team as its newest Executive Vice President and Chief Credit Officer. In this position, Mr. Bonsey will have oversight for Leader Bank’s credit administration and credit approval.... More gift
Posted on: June 13, 2014
Sushil Tuli, President & CEO of Leader Bank, was honored to present Sipra Shah with the Lifetime Achievement Award at the India New England News 12th Annual Woman of the Year Awards Gala on June 5, 2014. Sponsored by Leader Bank, this is the first time a Lifetime Achievement Award... More gift
Posted on: June 13, 2014
Leader Bank has once again participated in the success of the annual American Cancer Society Relay for Life, which took place at the Arlington High School on Saturday, May 31st. The American Cancer Society organizes the event every year with the objective of raising money for cancer research... More gift
Posted on: June 13, 2014
The grand finale to this year’s TiECON East conference, which took place on May 29th and 30th at the Cambridge Marriott, was the highly anticipated TiE Sharks, sponsored by Leader Bank. Leader Bank TiE Sharks allowed the top five startup companies the opportunity to pitch their... More gift
Posted on: May 12, 2014
Leader Bank is pleased to announce that Starry Poe has joined Leader Bank as the new Branch Manager of the Burlington branch. Starry joins Leader Bank with 20 years of experience in the banking industry. Prior to joining Leader Bank, she held positions at... More gift
Posted on: May 8, 2014
It is with great pride that Leader Bank, N.A. announces the celebration of its twelfth anniversary of operations. On May 8, 2002, Leader Bank opened its doors in East Arlington for the very first time with a single branch, seven employees and $6.5 million in assets. A mere dozen years later, Leader Bank has expanded to include six ... More gift
Posted on: February 14, 2014
Leader Bank, N.A. is pleased to announce that it has further expanded its residential mortgage lending operations by recruiting seven new loan originators from Poli Mortgage Group, Inc.: Keith Hapenney, Peter McCourt, Michael Duquette, Chip Newman, Phil Murphy, Karin Nickerson, and Erich Wohler. These well-respected loan originators average nearly fifteen years of experience... More gift
Posted on: February 3, 2014
Before it began its relationship with member Leader Bank about 10 years ago, the Cambridge Montessori School had been banking with one of the area's larger institutions. "The relationships that we had with our other banks were not nearly as personal - they were just too big for us," says Maria Chapian... More gift
Posted on: January 17, 2014
As has been reported in multiple media outlets, on January 17, 2014 at approximately 2:40 p.m., an armed robbery occurred at the East Arlington Branch of Leader Bank, N.A., located at 141 Massachusetts Avenue in Arlington, Massachusetts... More gift
Posted on: December 12, 2013
Thursday, December 12, 2013 marks the one year anniversary of Leader Bank’s newest branch in Arlington Heights. The branch opened its doors to the public for the first time on December 12, 2012, and has been remarkably successful ever since... More gift
Posted on: November 19, 2013
In an annual ceremony that took place on Friday, November 8, 2013, Leader Bank was awarded the title of 2013 Top Export Lender by the Small Business Association (SBA). This title is well-deserved, as Leader has financed many SBA programs that aids small business in accessing capital... More gift
Posted on: November 19, 2013
Leader Bank is extremely proud to announce that it has once again been named one of the Top Places to Work in Massachusetts. This is the fourth time that Leader Bank has received this recognition from the Boston Globe. “It is a great honor to once again be named... More gift
Posted on: November 13, 2013
Leader Bank is pleased to announce that Michael Killion has joined Leader Bank as Vice President, Commercial Lending. Michael joins Leader Bank with over 28 years of experience in the banking industry with an emphasis on commercial and real estate lending... More gift
Posted on: August 20, 2013
Mortgage rates remain at historic lows, but banks are shutting down refinancing operations and shifting their attention to purchasing. The reason is simple: Everyone who could refinance already has. Refinancing activity "went off a cliff in May," said Commerce Bank & Trust CEO... More gift
Posted on: August 20, 2013
Leader Bank, N.A. is pleased to announce that it has expanded its residential lending department by recruiting key sales and operations employees from 1-800-East-West Mortgage Company. These new employees have decades of combined experience in mortgage lending throughout Massachusetts... More gift
Posted on: August 12, 2013
The pragmatic leaders of Massachusetts’ community banks didn’t do anything crazy during the housing bubble, and they’ve taken a certain amount of pride in coming through the Great Recession relatively unscathed. But based on a handful of performance measures, the state’s community banks... More gift
Posted on: July 16, 2013
Leader Bank has once again received a financial strength rating of “A” or “Excellent” from Weiss Ratings, the nation’s top independent provider of ratings and analyses of financial service companies, mutual funds, and stocks. Weiss’ rating scale uses a... More gift
Posted on: June 28, 2013
In just 10 years, Leader Bank has built itself into a lending powerhouse. Even though the Arlington-based lender got its start in 2002, its loan portfolio now rivals banks twice its size. Leader’s aggressive approach has put it in the company of much larger competitors... More gift
Posted on: May 20, 2013
Sushil Tuli’s narrative is a classic American success story, though he is modest and probably wouldn’t characterize it that way himself. From a young age, Tuli knew he wanted to be a banker, but when he started out as a teller in 1978, he had no idea he would someday be running his own bank... More gift
Posted on: May 13, 2013
The $32.4 million purchase of 250 apartments at two properties in this Boston bedroom community is a multifamily family affair in more ways than one, as Sycamore Property Management founder Sean Wilder has teamed... More gift
Posted on: April 5, 2013
Pulling the plug on a large business unit is costing Bank of America millions of dollars in home loan business in Massachusetts, where it continued to lose ground last year to its smaller rivals. For all the attention Bank of America gets for the way it has handled... More gift
Posted on: March 1, 2013
Leader Bank is honored to be the recipient of the Special Achievement Award as the “Top Minority Lender” from Massachusetts Housing Finance Agency (MassHousing). Sushil K. Tuli, President and CEO of Leader Bank, accepted the award at a MassHousing ceremony that took place on March 1, 2013... More gift
Posted on: February 26, 2013
Of the ten most profitable banks based in Massachusetts in 2012, the smallest was also by far the most efficient. Arlington-based Leader Bank, with $588 million in assets, raked in a $15.5 million profit last year. That’s good for a return on assets of 2.79 percent... More gift
Posted on: January 7, 2013
Sovereign Bank is offering up to $125 to anyone who signs up for new checking account. Washington Savings Bank in Lowell hands out $150 gift certificates from Coach, known for its luxury handbags. And East Boston Savings Bank promises $100 and a digital food scale... More gift
Posted on: January 7, 2013
Five years ago, community banks like Leader Bank, Cape Cod Five Cents Savings Bank and Lowell Cooperative Bank may have been flying under the radar in terms of the sheer dollar volume of Bay State residential loans. But the times, they are a-changin’...More 1339682938.jpg
Posted on: January 3, 2013
The Senate (89 for vs. 8 against) and the House of Representatives (257 for vs.167 against) approved a bipartisan agreement to avoid a variety of automatic tax hikes and drastic spending cuts, commonly known as the “fiscal cliff”....More 1339679240.jpg
Posted on: December 17, 2012
Leader Bank was privileged to welcome The Children’s Room, a prominent Arlington-based non-profit organization, as the first borrower to close their loan in Leader Bank’s new Arlington Heights Branch on December 12, 2012, at 12:00 p.m. The Children’s Room, which...More 1340312464.jpg
Posted on: December 13, 2012
Leader Bank is pleased to announce the opening of its newest branch in Arlington Heights on December 12, 2012. This is the sixth branch of Leader Bank and is located at 1201 Massachusetts Avenue in Arlington, Massachusetts. Leader Bank celebrated this opening...More 1340312464.jpg
Posted on: November 6, 2012
As Leader Bank continues to celebrate its tenth anniversary throughout 2012, Leader Bank is extremely proud to announce that it has once again been named one of the Top 100 Places to Work in Massachusetts...More 1340312464.jpg
Posted on: September 20, 2012
The 33rd annual Arlington Town Day was held on September 15th. The event was a great success, entertaining children and families, and serving as a celebration of all things Arlington. Town Day has a long standing tradition in Arlington...More 1340312464.jpg
Posted on: June 21, 2012
Leader Bank is proud to announce that Antonette Davis, Vice President of Loan Servicing, has completed her studies and graduated from the American Bankers Association Stonier Graduate School of Banking. The ABA Stonier Graduate School of Banking was fo....More 1340312464.jpg
Posted on: May 25, 2012
Leader Bank, N.A. has been ranked in the 2011 Top 15th Percentile of Community Banks by Seifried & Brew LLC, a community bank risk management firm. To gain entry into this distinguished ranking, Leader Bank demonstrated exemplary performance of bal....More 1339681287.jpg
Posted on: May 17, 2012
Leader Bank is proud to announce that Jay Tuli has been named to the Board of Directors of the Massachusetts Mortgage Bankers Association (the MMBA). Mr. Tuli, a graduate of Georgetown University and Harvard Business School, is Vice-President of Corporate Development for Leader Bank and oversees Leader ....More 1339678362.jpg
Posted on: May 17, 2012
Leader Bank, N.A. is pleased to announce that Sushil K. Tuli has been given the 2012 Massachusetts Financial Services Champion Award by the U.S. Small Business Administration (the "SBA"). In bestowing this award, the SBA will honor Mr. Tuli, .... More 1339678231.jpg
Posted on: May 8, 2012
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 mill.... More 1339678817.jpg
Posted on: May 1, 2012
Has Boston moved beyond its racially turbulent past? We asked five minority leaders why they decided to build their lives here. They offered reflections that took on more urgency following last week’s racist tweets directed at a black hockey player. The numbers on race, Boston and business The Commonwealth Compa.... More 1339680312.jpg
Posted on: March 30, 2012
Leader Bank, N.A., is pleased to announce that it will be the Major Parade Sponsor for the Arlington Patriots’ Day Parade as part of the celebration of Leader Bank’s tenth anniversary. The Parade, which commemorates Arlington’s Revolu.... More 1339679125.jpg
Posted on: March 16, 2012
This May marks the 10-year anniversary of Leader Bank, an institution that CEO Sushil Tuli established in response to the struggles of community banks in a market then dominated by giants. “What I saw was there was definitely a need for small community banks fo.... More 1339679240.jpg
Posted on: February 27, 2012
Leader Bank is proud to announce that Sushil K. Tuli, President and CEO of Leader Bank, was named by the Boston Business Journal as one of the region’s "Most Admired CEOs". On Thursday, February 23rd, the Boston Business Journal hosted .... More 1339679281.jpg
Posted on: Oct 25, 2011
Leader Bank is proud to announce that Matthew Pierce has been promoted to the position of Senior Vice President of Commercial Lending. Mr. Pierce joined the Leader Bank team in September 2008 as the Vice President of Commercial Lending. Prior to j.... More 1339679376.jpg
Posted on : Sep 2, 2011
Leader Bancorp, Inc., the parent company of Leader Bank, N.A., is pleased to announce the closing of its transaction with the U.S. Department of the Treasury under the Small Business Lending Fund (SBLF) program. Leader Bancorp, Inc. raised approximatel.... More 1339679580.jpg
Posted on : Jul 29, 2011
Leader Bank is proud to announce the recent closing of its first loan through the Massachusetts Treasury’s Small Business Banking Partnership (SBBP) program. On July 26th, Treasurer Steven Grossman joined representatives of Leader Bank in Harvard.... More 1339680899.jpg
Posted on : Jul 8, 2011
Leader Bank, N.A. is proud to announce that it has completed the acquisition and successful transfer of deposit accounts from the Belmont branch of Stoneham Savings Bank, effective July 6, 2011. Leader Bank assumed deposits of the existing branch of St....More 1339605993.jpg
Posted on : Jul 1, 2011
Leader Bank is proud to announce that it ranked 9th within its peer group in the ABA Banking Journal's 2011 National List of Top Performing Banks. The rankings focus on financial institutions that offer traditional banking services and are determin....More 1339681889.jpg
Posted on : Jun 22, 2011
Leader Bank is pleased to announce that Cheryl Glantz has joined Leader Bank as Senior Vice President, Commercial Lending. Cheryl joins Leader Bank with over 27 years of experience in the banking industry with an emphasis on commercial and real estate lending. Prior to joining Leader Bank, Cheryl held positions at....More 1339682065.jpg
Posted on : Mar 31, 2011
Leader Bank, N.A. is proud to announce that beginning on Thursday, April 7th, two of Leader Bank’s retail branches will be open to the public until 8:00 p.m. each and every Thursday. The two branches that will have the extended hours are located in Arlington Center (449 Massachusetts Avenue, Arlington) and C....More 1339682250.jpg
Posted on : Mar 16, 2011
On Wednesday, March 16th, Leader Bank, N.A. celebrated the ribbon cutting of its newest ATM in the cafeteria of 160 Gould Street in Needham, MA. The full service ATM, which accepts deposits in addition to offering withdrawal transactions, has been installed in a public area of the building that also serves as one ....More 1339682430.jpg
Posted on : Jan 11, 2011
Bankers don't all have a bright outlook for 2011, but they're at least feeling happier about it than other Banker & Tradesman readers, according to a recent survey. Financial professionals in Massachusetts and Connecticut largely anticipate an improved economy and more single-family mortgage transactio....More 1339682938.jpg
Posted on : Nov 24, 2010
Leader Bancorp, Inc., the parent company of Leader Bank, N.A., is pleased to announce that the funds borrowed from the U.S. Treasury under the government’s Capital Purchase Program (CPP) have been returned in their entirety. In December 2008, Leader Bank opted to participate in the CPP in order to access add....More 1339683259.jpg
Posted on : Nov 12, 2010
Leader Bank is proud to once again be named one of the 100 Top Places to Work in Massachusetts in the third annual employee-based survey project from The Boston Globe. On the 2010 list, Leader Bank ranked 22nd in the Small Business category. “I am proud not only to have been included in the Boston Globe....More 1339683674.jpg
Posted on : Aug 20, 2010
Leader Bank, N.A. is pleased to announce that it has been granted the Preferred Lender Program (“PLP”) designation by the United States Small Business Administration (“SBA”). The designation of PLP is the highest bank designation granted by the SBA and is reserved for top tier bank le....More 1339683893.jpg
Posted on : May 20, 2010
Leader Bank is pleased to announce that Board of Director member Nitin Nohria, who currently serves as the Richard P. Chapman Professor of Harvard Business School, has been appointed the new Dean of Business Harvard School, effective July 1, 2010. Nitin Nohria was a founding member of Leader Bank and....More 1339685290.jpg
Posted on : Apr 2, 2010
Leader Bank is proud to announce that Sushil K. Tuli, President of Leader Bank, graduated from Harvard Business School with a certificate from the Owner/President Management (OPM) Program on March 26, 2010. Established more than forty years ago, the Owner/President Management Program is a rigorous....More 1339685699.jpg
Posted on : Dec 30, 2009
Leader Bank is proud to announce that Sushil K. Tuli, President and CEO of Leader Bank, was recently appointed by Governor Deval Patrick as a member of the Massachusetts Home Ownership Advisory Committee. “I am very pleased to have been chosen as a member of the Massachusetts Home Ownership....More 1339686105.jpg
Posted on : Posted on : Dec 12, 2009
Leader Bank takes great pride in announcing the appointment of Ryan Hayes, Secondary Market Manager, as one of Banker & Tradesman’s ‘New Leaders’ for 2009. Though the winners were ultimately chosen by the management at Banker & Tradesman, the candidates were all nominated by readers who ....More 1339686255.jpg
Posted on : Dec 11, 2009
Leader Bank is proud to announce the promotion of Jeffrey R. Esterkes to the position of Vice President at Leader Bank. Jeff has been helping families as a senior loan officer with their mortgage requirements for nearly a decade. During this time, his personalized approach has earned him the trust of hundreds of ....More 1339686443.jpg
Posted on : Dec 4, 2009
Toy hamsters and flat-screen TVs? Not this holiday season. In many households, something with a little less flash will be under the Christmas tree: cash, certificates of deposit, and college savings accounts. More than 44 percent of consumers say they are planning to give the gift of green this holid....More 1339686758.jpg
Posted on : Nov 12, 2009
Leader Bank has been named one of the "Top 100 Places to Work" in Massachusetts by the Boston Globe's annual employee-based survey. "It is truly an honor to be included among Massachusetts' Top 100 Places to Work," said Sushil K. Tuli, President and CEO of Leader Bank....More 1339687048.jpg
Posted on : Oct 2, 2009
Leader Bank, National Association, proudly announces that it has received the distinguished "5-Star Superior" rating from BauerFinancial, Inc., the nation’s leading independent bank and credit union rating and research firm. "On behalf of Leader Bank directors, management and....More 1339687509.jpg
Posted on : Aug 17, 2009
Leader Bank, N.A. and Leader Mortgage Company, both based out of Arlington, MA were proud to jointly sponsor the 2009 Boston India Day presented by the India Association of Greater Boston. The event was held on Sunday, August 16, 2009 and had thousands of attendees present to celebrate India’s 62nd anniversa....More 1339687987.jpg
Posted on : Jun 23, 2009
Leader Bank, National Association, recently made a generous $5,000 donation to the Spaulding Rehabilitation Hospital in support of the Spaulding Annual Fund. The gift was made as a sponsorship of the 6th Annual Spaulding Golf Tournament and was used to support the many programs and services the hospital provides ....More 1339688344.jpg
Posted on : Jun 16, 2009
Leader Bank, National Association, recently donated $2,000 towards the sponsorship of the ‘Evening with Arlington Chefs’ event that was hosted by the Arlington Chamber of Commerce on June 15, 2009. The event provided an opportunity for local chefs to present their culinary expertise while giving the Ch....More 1339688677.jpg
Posted on : May 1, 2009
Leader Bank, National Association, was a proud $1,000 Maestro Circle Sponsor of the North Cambridge Family Opera Spring 2009 Production held in April entitled “Chincha-chancha Cooroo or the Weaver’s Wedding”. The North Cambridge Family Opera Company began as an informal group of children and adul....More 1339689431.jpg
Posted on : Apr 20, 2009
Leader Bank was a proud sponsor of this year’s Arlington Patriots’ Day Parade, which was held on the streets of Arlington on Sunday, April 19, 2009. The parade was just one event included in the exciting weekend of festivities and remembrances commemorating the town’s independence. The Patriots.... More 1339689663.jpg
Posted on : Apr 2, 2009
Leader Bank, N.A. is proud to announce that it has once again received the recommended “4-Star Excellent” rating from BauerFinancial, Inc. of Coral Gables, FL, the nation's leading independent bank rating and research firm. “Leader Bank continues to remain dedicated to the ideals of secure ....More 1339689959.jpg
Posted on : Mar 23, 2009
Leader Bank, N.A. is proud to announce the appointment of distinguished professor V.G. Narayanan as the newest director of Leader Bancorp, Inc. and its subsidiaries. V.G. Narayanan is the Thomas D. Casserly, Jr. Professor of Business Administration at the Harvard Business School in Boston, MA. His research interes....More 1339690194.jpg
Posted on : Dec 26, 2008
Leader Bank, N.A. today announced that it is participating in the FDIC’s Transaction Account Guarantee Program (“TAGP”). The announcement was made by Sushil K. Tuli, President and Chief Executive Officer. Mr. Tuli stated, “We are pleased to participate in the FDIC’s Transaction Accoun....More 1339690407.jpg
Posted on : Dec 23, 2008
Leader Bancorp, Inc., the parent company of Leader Bank, N.A., today announced that it has completed its transaction with the U.S. Department of Treasury under the government's Capital Purchase Program. Leader Bancorp, Inc. sold $5.8 million in preferred stock. Sushil K. Tuli, President and Chief Executive Off....More 1339690621.jpg
Posted on : Oct 6, 2008
Leader Bank, National Association, is proud to announce their sponsorship of $5,000 for the September 4, 2008 Barakat’s Walk for Literacy. Barakat is a non-profit organization dedicated to improving the well-being of marginalized groups in Central and South Asia by increasing access to quality education and....More 1339690955.jpg
Posted on : Oct 6, 2008
In its September 2008 publication, Inc. Magazine included Leader Bank, N.A. in its annual ranking of the 5000 fastest-growing private companies in the country and the top 100 businesses in Massachusetts. The list provides a comprehensive view of one of the most important segments of the economy – America'....More 1339691284.jpg
Posted on : Oct 6, 2008
Leader Bank, National Association, recently made a generous $5,000 contribution to Akshaya Patra, an India-based secular non-profit organization whose motto proclaims, “unlimited free food to support education”. Akshaya Patra started out in 2000 by making a difference in the lives of a mere 1500 young....More 1339691423.jpg
Posted on : Oct 6, 2008
Sushil K. Tuli, President & CEO of Leader Bank, N.A. and Chairman of Leader Mortgage Company, recently made a generous $5,000 contribution to Project Pacer International, a Boston-based, non-profit organization that is dedicated to “delivering medical advances around the globe.” Project Pacer Inter....More 1339692144.jpg
Posted on : Oct 6, 2008
Leader Bank, National Association, is a proud recipient of the 2008 Business Revitalization Award, which is issued by the Watertown-Belmont Chamber of Commerce. The award was presented to Leader Bank on behalf of the new Belmont Branch, which was opened in February 2008 at 363 Pleasant Street in Belmont, Massachus....More 1339692313.jpg
Posted on : Apr 9, 2008
Leader Bank, N.A., Arlington, Massachusetts is proud to announce it has achieved a 4-Star recommended rating from BauerFinancial, Inc. of Coral Gables, FL, the nation's leading independent bank rating and research firm. Based on the financial condition of the bank, its 4-Star rating indicates that Leader Bank .... More 1339692491.jpg
Posted on : Mar 12, 2008
Leader Bank, N.A. is pleased to announce the opening of its fourth branch located at 363 Pleasant Street in Belmont, MA. Massachusetts State Treasurer Timothy P. Cahill was the Guest of Honor at the grand opening ribbon-cutting ceremony on Wednesday, February 20, 2008. Treasurer Cahill commended Leader Bank Presid....More 1339693084.jpg
Posted on : Mar 8, 2008
The federal government yesterday increased the limit for government-backed mortgages, a move that could make home loans cheaper for several thousand Boston-area borrowers. The limit increased to $523,750 for mortgages in the Boston metropolitan area that would qualify for government backing from Freddie Mac and Fa....More 1339692912.jpg
Posted on : Dec 4, 2007
Leader Bank N.A., headquartered in Arlington, donated $3,000 to the Town of Belmont Police Department for the purchase of a new portable cardiac defibrillator for victims experiencing cardiac arrest. Richard J. McLaughlin, Police Chief for the Town of Belmont, reached out to local businesses earlier this month, se....More 1339693668.jpg
Posted on : Nov 26, 2007
The Arlington Chamber of Commerce honored Leader Bank N.A. as Business of the Year during its 2007 Achievement Awards Ceremony on November 14. “We are delighted and honored to receive this award,” said Sushil K. Tuli, President and CEO of Leader Bank. “Five years ago when we opened our doors, we ....More 1339693833.jpg
Posted on : Nov 15, 2007
When Sushil Tuli picked the name for Leader Bank seven years ago, he wanted to avoid giving the impression that the bank was only an Indian American bank. "It's a little over 50 percent Indian owned, but we don't make any noise about it," said Tuli, who came to the United States from India in 197....More 1339693376.jpg
Posted on : Sep 17, 2007
Thousands of people with the prospect of foreclosure hanging over their heads may have another way out of their dilemma that will leave their credit and finances largely intact. A transaction known as a "short sale" might sound too good to be true, but for many people it is the best possible option to ge....More 1339694006.jpg
Posted on : Sep 5, 2007
The 7th annual IDRF ´Cricket for a Cause´ tournament concluded successfully at Mitre fields in Burlington, MA on August 4th. UML Seniors team won the Championship for the third consecutive year by comprehensively beating Lexington Six in the Finals. Total of 51 teams participated in this six-a-side tou....More 1339694224.jpg
Posted on : Aug 8, 2007
A growing credit crisis is prompting lenders across Massachusetts to cut back suddenly on new loans, making it difficult for even creditworthy borrowers to get mortgages and causing some home sales to fall through at a time when the housing market is already slumping. The most prevalent impact i....More 1339694325.jpg
Posted on : Aug 7, 2007
MassHousing announced today that Leader Bank is now an approved lender of MassHousing’s MassAdvantage™ family of affordable home loan products to low- and moderate-income homebuyers in Arlington, Cambridge and surrounding communities served....More 1339694472.jpg
Posted on : Jun 12, 2007
Sushil K. Tuli, chairman of the board for Leader Bancorp, Inc. (the Company), announced today the appointment of Dr. Priscilla H. Douglas to the Company’s Board of Directors. Dr. Douglas is the founder and principal of PHDouglas & Associates, a consulting firm specializing in executive coaching. She has ....More 1339694658.jpg
Posted on : May 8, 2007
Tuesday, May 8, 2007 marked a significant milestone for Leader Bank, N.A. with the celebration of the Bank’s fifth anniversary. The Bank first opened its doors in 2002 in East Arlington, and quickly extended the branch network to the Arlington Center and Central Square Cambridge neighborhoods. Leader Bank p....More 1339693376.jpg
Posted on : Jan 17, 2007
The Board of Directors of Leader Bank, N.A. proudly announced the promotion of John Fanciullo to Executive Vice President. John joined Leader Bank in January 2006 and has quickly become an essential contributor to Leader Bank’s success. “John's 35 years of banking experience and ....More 1339693376.jpg
Posted on : Dec 26, 2006
West Roxbury resident Jay Russo had a choice: Hang on to his adjustable-rate mortgage, which has a very low rate that could rise dramatically next year, or refinance into a sure thing, a fixedrate mortgage that will cost more now but will remain stable over the life of the loan. Russo, who purch....More 1339695111.jpg
Posted on : Dec 4, 2006
Arlington-based Leader Bank, a $200 million commercial bank that opened just four years ago, is expanding for the second time, its president, Sushil Tuli, said last week. The bank - which was spun off from the then-16-year-old Leader Mortgage in 2002 - recently raised $3.2 million in equity financing from about 10....More 1339695342.jpg
Posted on : Nov 27, 2006
Leader Bank, N.A. announced that it has closed a $3.2 million round of equity financing from existing shareholders, bringing total capital to approximately $16 million. The new financing will help the Bank continue to grow as it plans to build additional branches, hire more personnel and expand its commercial lend....More 1339695534.jpg
Posted on : Oct 24, 2006
In a continued effort to support the communities which it serves, Leader Bank has recently donated over $3,500 to local Arlington and Cambridge organizations. Since Leader Bank opened its doors in 2002, it has led initiatives such as Shop Arlington First and Shop Cambridge First and has partnered with Bowes/GMAC R....More 1339695973.jpg
Posted on : Aug 23, 2006
Leader Bank, N.A. today announced that it has completed the formation of a holding company, Leader Bancorp, Inc., a newly established Massachusetts Corporation. Effective today, Leader Bank, N.A., is officially a wholly-owned subsidiary of Leader Bancorp, Inc. Leader Bank received approval from the Office of the C....More 1339696301.jpg
Posted on : Aug 11, 2006
For bank customers too busy to use telephone hot lines or visit a branch to have their questions answered, a tiny bank here has a speedy solution: Send an instant message to the local branch manager. At Leader Bank, with just three locations, customers are given the online screen names of bankers and are encourage....More 1339696708.jpg
Posted on : Jul 19, 2006
Leader Bank NA in Arlington, Mass., is using instant messaging software to make it easier for customers to get in touch with branch personnal. Though other banks are using similar real-time communication, most see the technology as a marketing tool. In contrast, Leader says IM software has become an important serv....More 1339697057.jpg
Posted on : Jun 26, 2006
Tom Houston, president of T. Houston Technology Group, describes community bankers' foray into remote deposit capture - as David picking up a rock to swing at Goliath. The new technology gives small banks a way to corral customers that otherwise might be beyond their reach, either because of the size and compl....More 1339701014.jpg
Posted on : Jun 22, 2006
Leader Bank today announced it will celebrate the First Anniversary of its Central Square branch in Cambridge on Thursday, June 29. “We are extremely proud to have become so quickly embedded in the fabric of Central Square,” said Mr. Sushil Tuli, CEO and Founder of Leader Bank. “Reflecting on our....More 1339701406.jpg
Posted on : Jun 5, 2006
Leader Bank proudly served as a major sponsor for Arlington’s 8th Annual “Feast of the East,” held on June 4, 2006. Leader Bank has a branch and its corporate offices in East Arlington and has supported the event in the past. The Feast is traditionally a celebration of East Ar....More 1339701725.jpg
Posted on : May 8, 2006
In the last 10 years there is no doubt that the banking industry has experienced significant consolidation, particularly in New England. BayBank, Bank- Boston, FleetBoston, Bank of America …and that’s just one sequence of acquisitions. Multinational corporations have aggressively pu....More 1339702451.jpg
Posted on : Apr 15, 2006
Sushil Tuli is the founder, president and chairman of Leader Bank. The bank, which has two branches in the Boston suburb of Arlington, opened a branch in neighboring Cambridge in July 2005. Leader Bank offers a range of personal and business services including free checking, no minimum deposits,More 1339701982.jpg
Posted on : Mar 20, 2006
Leader Bank, N.A. proudly announces the appointment of Kathleen K. Darcy as Vice President of Small Business & Community Development. Mrs. Darcy will be responsible for developing relationships with new customers and maintaining current customer accounts. She will also be growing and servicing the small busine....More 1339702729.jpg
Posted on : Mar 17, 2006
Leader Bank extended its ongoing commitment to the City of Cambridge this week by announcing its sponsorship of the Shop Cambridge First program. Through its presence in Central Square, Leader Bank continues to establish itself as an important community partner. Building off the success o....More 1339703115.jpg
Posted on : Feb 28, 2006
Leader Bank proudly announces that Jay Tuli has be joined Leader Bank to focus on Business Development and Marketing initiatives. Jay will be spearheading new initiatives to help execute Leader Bank’s growth strategy by expanding the bank’s service offering and raising overall brand awareness. Jay grad....More 1339703811.jpg
Posted on : Feb 27, 2006
Leader Bank proudly announces that Bret N. Schofield has been promoted to Assistant Vice President. Mr. Schofield is a pivotal member of Leader Bank's team and manages the main branch office located in East Arlington. Mr. Schofield is responsible for all daily operations of the East Arlington Branch of Leader....More 1339703654.jpg
Posted on : Feb 7, 2006
With the strengthening of its management team and continued growth in assets, Leader Bank, N.A. today announced key strategic moves that support its ongoing ability to compete and lead in an increasingly challenging marketplace. Leader Bank has appointed John Fanciullo as Senior Vice President of Operations; Alfre....More 1339703289.jpg
Posted on : Jan 26, 2006
Ariana Valdez’s head barely cleared the bank counter. Standing in front of a teller at the Leader Bank in Central Square two weeks ago, the 9-year-old Amigos School student waited patiently for the passbook to her new savings account. Thanks to a YWCA after-school program and Leader Bank’s support, Val....More 1339704108.jpg
Posted on : Jan 25, 2006
Leader Bank, N.A. proudly announces the appointment of John Fanciullo as Senior Vice President of Operations. John’s diverse business background includes more than 34 years of executive banking experience. “John will play a significant role for Leader Bank”, stated Sushil K. Tuli, President and C....More 1339704289.jpg
Posted on : Jan 9, 2006
Leader Bank proudly announces the promotion of Chief Financial Officer Brian R. Taylor, CPA to Senior Vice President. Mr. Taylor manages all financial operations at Leader Bank and is essential to the bank's continued compliance with OCC and FDIC regulations. Mr. Taylor has been with Leader Bank since its open....More 1339704630.jpg
Posted on : Dec 12, 2005
Leader Bank is pleased to announce the first anniversary celebration of their Arlington Center Branch. Managed by Marc Sannizzaro, the branch has grown to over $35 million in deposits and opened more than 1,100 accounts in the first year of operation. To celebrate this occasion, Leader Bank will be giving a $25.00....More 1339704776.jpg
Posted on : Sep 27, 2005
Leader Bank, N.A. is pleased to announce that its newest branch in Central Square has exceeded expectations by reaching $10 Million in insured deposits. This goal was met in just over two months of operation as a result of Leader Bank’s impressive new presence in the Cambridgeport community. Leader Bank offe....More 1340204731.jpg
Posted on : Jul 19, 2005
Leader Bank, N.A. is pleased to announce the opening of its third new branch located at 675 Massachusetts Avenue in Central Square, Cambridge. The grand opening ribbon-cutting ceremony will be held at the branch on Wednesday, July 20, 2005 at 11:30 AM. The Honorable Mayor, Michael A. Sullivan, who declared July 20....More 1340204913.jpg
Posted on : Jun 29, 2005
Leader Bank, a full service commercial bank, announced the appointment of Mark Orent as Vice President to manage its new branch located at 675 Massachusetts Avenue, Cambridge, MA. Orent will be providing banking services and promoting the bank's full line of deposit and lending products.....More 1340205158.jpg
Posted on : Apr 14, 2005
Having trouble not knowing what to get Uncle Floyd? Don't have a clue as to what to buy Junior's teacher and Little League coach? There is now an easy alternative. The Arlington Chamber of Commerce is kicking off the Shop Arlington First program next Tuesday. "What is nice about Shop Arlington First c....More 1340205762.jpg
Posted on : Nov 22, 2004
The grand opening ribbon-cutting ceremony for the new branch of Leader Bank, N.A. was held on Wednesday, September 22, 2004. This is the second branch of Leader Bank and is located in Arlington Center at 449 Massachusetts Avenue. In addition to invited guests, the Grand Opening was attended by Leader Bank’s ....More 1340205940.jpg
Posted on : Sep 7, 2004
Leader Bank is pleased to announce the addition of a Totally Free Business Checking Account to its products and services available for business customers. Free Business Checking has no minimum balance requirement, allows up to 200 free transactions per month and free online banking. This product is ideal for both....More 1340206768.jpg
Posted on : May 15, 2004
The Federal Home Loan Bank of Boston recognized Leader Bank, N.A. for demonstrating a commitment to creating housing opportunities and meeting special community credit need through the Community Development Advance. Specifically the Federal Home Loan Bank of Boston recognized Leader Bank’s use of the Communi ....More 1340206265.jpg
Posted on : May 1, 2004
The Board of Directors of Leader Bank, N.A. today announced the appointment of an eight member Advisory Board to provide strategic planning to best chart the future growth of this Arlington based bank. These advisors are prominent Arlington area residents who represent a wide range of business and community intere....More 1340206584.jpg
Posted on : Oct 15, 2003
After opening the first branch of Leader Bank in May 2002, Sushil K. Tuli, president and CEO, plans to open a second branch of Leader Bank in May 2004, subject to regulatory approval. Leader Bank will maintain its 3500 sq. ft. current location at 141 Massachusetts Avenue in Arlington, MA and will open a 1200 sq. f....More 1340207114.jpg
Posted on : Sep 18, 2003
Arlington Bank Five, Arlington National Bank, Arlington Co-operative Bank, Arlington Savings Bank. All were locally-owned banks that are now just a memory. Larger, regional banks have swallowed the local institutions, but from the ashes of those failures rises Leader Bank in East Arlington. Sushil Tuli opened the ....More 1340207407.jpg
Posted on : Jun 27, 2003
Sushil K. Tuli, President of Leader Bank and Chairman, CEO of Leader Mortgage Company was selected as finalist of the 2003 Ernst & Young Enterpreneur of the Year Award.....More 1340207593.jpg
Posted on : Jun 15, 2002
The new Leader Bank marked its first weeks of operations with ribbon-cutting ceremonies and hard work. "It's only now that my focus has shifted — from working to open a bank to actually running one," said Sushil Tuli, Leader's chairman and chief executive officer. His biggest surprise? Tuli....More 1340207999.jpg
Posted on : Jun 9, 2002
Mid a sluggish economy, an Arlington businessman and a newly formed board of directors have managed to open a bank that reflects the growth of the region's Indian population and the appeal of community banks. Leader Bank, located at 141 Massachusetts Ave. in a building that once housed a Citizens Bank branch a....More 1340208180.jpg
Posted on : Jun 3, 2002
Count the executives of recent start-up Leader Bank among those who believe the spate of mergers and acquisitions in the industry have opened new niches for financial services at the community level. But while the opportunity may be there, building a new customer base is a challenge for any de novo bank.....More 1340208422.jpg
Posted on : May 30, 2002
Drawing on the strength of his Leader Mortgage, Sushil Tuli is set to open the first branch of his new bank this month. Tuli said the new bank is backed by $6.9 million in capital and 85 shareholders. Federal regulators have approved Leader Bank's policies, staff and financial arrangements, he added. "A g....More 1340208603.jpg
Posted on : May 28, 2002
Leader Bank, NA, Greater Boston’s newest independent community bank, today kicked off its grand opening with a ceremony at the institution’s first branch located at 141 Massachusetts Ave. in Arlington, Mass. The guest of honor to cut the ribbon was Kathleen Kiely Dias, Chair, Board of Selectman, Town o....More 1340208871.jpg
Posted on : May 2, 2002
I love banks”, says Sushil K Tuli, President, Leader Bank, ”I have always worked with banks. From a young boy till now, I have always been fascinated with managing a bank”. We are sitting in his 3000 sq. ft, newly renovated building of Leader Bank right across on Mass Avenue....More 1340209375.jpg
Posted on : Mar 8, 2002
I figure it would be fun to get together with a bunch of friends and start a bank. We'd give it a comforting name, say Backyard Savings Bank. Or Hearth & Home Mutual. Our fees would be minimal. Our customer service would be phenomenal. Our lending standards would be rigorously flexible. We'd get involv....More 1340209559.jpg
Posted on : Dec 24, 2001
Institution Raises $6.5 Million in Startup Funding, Begins Construction of New Facility in Arlington The road to opening a de novo bank is so fraught with regulatory and legal hurdles that even a recession isn't enough to cause organizers to put on the brakes. Such was the case when two local groups, one in Wo....More 1340209841.jpg
Posted on : Dec 20, 2001
One would think that after twelve years in the mortgage lending business, a CEO might (understandably) cut back to normal business hours. But not Sushil K. Tuli, President and CEO of Leader Mortgage Company in Arlington, MA. who still can be seen in the evenings providing his personal attention to new customers, g....More 1340210053.jpg
Posted on : Dec 12, 2001
The emergence of technology in the mortgage industry has sped the processing of applications and led to lower fees for customers. Now, Massachusetts Mortgage Bankers Association Chairman Sushil K. Tuli plans to use technology to get that news out to consumers. He is leading an effort to launch an association Web s....More 1340210370.jpg
Posted on : Feb 26, 2001
Comptroller of Currency Grants Preliminary Approval; Leader Bank to Open Its Doors in Arlington by June. These days, even large, multibillion-dollar financial institutions are claiming to be community-centered, but one local businessman is pinning the success of a new venture on following the true spirit of commun....More 1340210580.jpg
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