Leader Bank Financial Soundness

Thank you for your interest in Leader Bank, a community-based financial institution dedicated to providing our clients and the communities we serve with innovative financial products and customized solution. The Bank’s goal is to serve as a truly entrepreneurial community financial institution that approaches banking and lending differently by prioritizing constant innovation of our products and services alongside a modern client experience with a personal touch.

Financial Strength:

With total assets over $4.5 billion, strong liquidity, strong asset quality, and capital ratios well in excess of regulatory minimums, the Bank remains one of the top community banks in the Commonwealth and country. As of December 31, 2024, Leader Bank’s capital ratios exceeded the amount to be considered “well capitalized” by the FDIC. The Bank once again received a Five Star Rating from Bauer Financial, Inc., marking twelve years of national recognition for our robust performance. The Bank has maintained a prudent and conservative lending culture which has been conducive to developing a high-quality, locally-based, and diversified loan portfolio. Risky or sub-prime lending has never been part of the Bank’s lending strategy.

Community Impact & Recognition:

The Bank is deeply committed to the communities we serve, as reflected in the overall “Outstanding” rating in its most recent Community Reinvestment Act performance evaluation. For the eighth year in a row Leader Bank was recognized as one of the most charitable contributors in all of Massachusetts in 2024, receiving a Corporate Citizenship Award from Boston Business Journal. The Bank was recognized by the Boston Globe as one of the Best Places to Work in Boston.

Michael F. Carotenuto

Chief Financial Officer