Leader Bank Ranked Among Top Performing Banks in Massachusetts
ARLINGTON, MA (November 19, 2021) – Leader Bank, N.A. ranked among the top performing banks in Massachusetts in the third quarter of 2021 by the Financial Management Consulting Group, excelling with top ten finishes in several of the report’s key benchmarks.
The Bank ranked as the top bank headquartered in Massachusetts in terms of return on assets for the third quarter of 2021 and second in terms of both overall performance and return on equity according to the report, which ranks more than 100 savings and commercial banks across Massachusetts in a variety of categories based on Federal Financial Institutions Examination Council call reports obtained from S&P Global.
The report also ranked Leader Bank third in the state in terms of both non-interest income and efficiency, and seventh in the state in terms of asset quality.
“The tireless work of all of our team members alongside a dedication to exemplary products, outstanding client services, and an innovative spirit have been at the forefront of the Bank’s rapid growth and success,” said Sushil K. Tuli, Chairman and CEO of Leader Bank. “We look forward to continuing to explore new and exciting ways to enhance our products and services to provide the best client experience possible.”
At its founding in 2002, Leader Bank had $6.5 million in assets and seven team members. In the two decades since, the Bank has grown into one of the most successful financial institutions in Massachusetts with $3 billion in assets and more than 400 team members.
About Leader Bank
Founded in 2002, Leader Bank is a Massachusetts-based entrepreneurial financial institution that approaches banking differently. The core tenets of Leader Bank include world-class client service, exemplary products, and innovation to meet the needs of its clients. At its founding, Leader Bank had $6.5 million in assets – in the two decades since, the Bank has grown into one of the most successful financial institutions in the Commonwealth with $4 billion in assets. Leader Bank’s team members have been at the forefront of supporting the Bank’s rapid growth and client-oriented solutions over the last two decades as the Bank has expanded its commercial and retail products and solutions. Leader Bank is a committed corporate citizen and prides itself on partnering with and supporting philanthropic organizations. More information on Leader Bank can be found at www.leaderbank.com.
