Posted on: May 20, 2013
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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...
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Posted on: May 13, 2013
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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...
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Posted on: April 5, 2013
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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...
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Posted on: March 1, 2013
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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...
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Posted on: February 26, 2013
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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...
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Posted on: January 7, 2013
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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...
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Posted on: January 7, 2013
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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 |
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Posted on: January 3, 2013
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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 |
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Posted on: December 17, 2012
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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 |
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Posted on: December 13, 2012
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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 |
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Posted on: November 6, 2012
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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 |
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Posted on: September 20, 2012
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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 |
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Posted on: June 21, 2012
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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
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Posted on: May 25, 2012
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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
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Posted on: May 17, 2012
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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
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Posted on: May 17, 2012
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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
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Posted on: May 8, 2012
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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....
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Posted on: May 1, 2012
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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
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Posted on: March 30, 2012
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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
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Posted on: March 16, 2012
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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
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Posted on: February 27, 2012
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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
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Posted on: Oct 25, 2011
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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
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Posted on : Sep 2, 2011
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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....
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Posted on : Jul 29, 2011
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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....
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Posted on : Jul 8, 2011
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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
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Posted on : Jul 1, 2011
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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
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Posted on : Jun 22, 2011
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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
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Posted on : Mar 31, 2011
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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
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Posted on : Mar 16, 2011
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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
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Posted on : Jan 11, 2011
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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
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Posted on : Nov 24, 2010
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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
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Posted on : Nov 12, 2010
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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
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Posted on : Aug 20, 2010
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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
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Posted on : May 20, 2010
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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
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Posted on : Apr 2, 2010
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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
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Posted on : Dec 30, 2009
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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 |
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Posted on : Posted on :
Dec 12, 2009
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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
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Posted on : Dec 11, 2009
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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
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Posted on : Dec 4, 2009
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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
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Posted on : Nov 12, 2009
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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
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Posted on : Oct 2, 2009
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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
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Posted on : Aug 17, 2009
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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
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Posted on : Jun 23, 2009
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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
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Posted on : Jun 16, 2009
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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
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Posted on : May 1, 2009
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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
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Posted on : Apr 20, 2009
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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
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Posted on : Apr 2, 2009
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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
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Posted on : Mar 23, 2009
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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
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Posted on : Dec 26, 2008
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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
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Posted on : Dec 23, 2008
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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
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Posted on : Oct 6, 2008
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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
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Posted on : Oct 6, 2008
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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
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Posted on : Oct 6, 2008
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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
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Posted on : Oct 6, 2008
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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
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Posted on : Oct 6, 2008
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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
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Posted on : Apr 9, 2008
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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
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Posted on : Mar 12, 2008
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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
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Posted on : Mar 8, 2008
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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
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Posted on : Dec 4, 2007
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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
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Posted on : Nov 26, 2007
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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
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Posted on : Nov 15, 2007
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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
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Posted on : Sep 17, 2007
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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
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Posted on : Sep 5, 2007
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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
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Posted on : Aug 8, 2007
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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
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Posted on : Aug 7, 2007
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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
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Posted on : Jun 12, 2007
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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
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Posted on : May 8, 2007
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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
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Posted on : Jan 17, 2007
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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
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Posted on : Dec 26, 2006
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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
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Posted on : Dec 4, 2006
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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
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Posted on :
Nov 27, 2006
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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
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Posted on : Oct 24, 2006
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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
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Posted on : Aug 23, 2006
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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
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Posted on : Aug 11, 2006
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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
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Posted on : Jul 19, 2006
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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
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Posted on :
Jun 26, 2006
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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
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Posted on : Jun 22, 2006
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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
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Posted on : Jun 5, 2006
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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
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Posted on : May 8, 2006
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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
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Posted on : Apr 15, 2006
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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
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Posted on : Mar 20, 2006
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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
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Posted on : Mar 17, 2006
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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
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Posted on : Feb 28, 2006
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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
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Posted on : Feb 27, 2006
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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
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Posted on : Feb 7, 2006
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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
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Posted on : Jan 26, 2006
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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
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Posted on : Jan 25, 2006
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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
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Posted on : Jan 9, 2006
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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
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Posted on : Dec 12, 2005
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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
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Posted on : Sep 27, 2005
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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
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Posted on : Jul 19, 2005
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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
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Posted on : Jun 29, 2005
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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
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Posted on : Apr 14, 2005
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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
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Posted on : Nov 22, 2004
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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
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Posted on : Sep 7, 2004
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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
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Posted on : May 15, 2004
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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
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Posted on : May 1, 2004
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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
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Posted on : Oct 15, 2003
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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
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Posted on : Sep 18, 2003
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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
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Posted on : Jun 27, 2003
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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
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Posted on : Jun 15, 2002
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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
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Posted on : Jun 9, 2002
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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
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Posted on : Jun 3, 2002
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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
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Posted on : May 30, 2002
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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
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Posted on : May 28, 2002
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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
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Posted on : May 2, 2002
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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
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Posted on : Mar 8, 2002
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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
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Posted on : Dec 24, 2001
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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
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Posted on : Dec 20, 2001
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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
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Posted on : Dec 12, 2001
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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
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Posted on : Feb 26, 2001
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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
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