Leader Bank Welcomes Steve McHugh To Residential Lending Team
ARLINGTON, MA (November 2, 2022) – Leader Bank is excited to announce the addition of Steve McHugh to our Residential Lending team as Vice President and Community Banking Relationship Manager.
“Leader Bank prides itself on offering innovative lending solutions to help our clients realize their homeownership goals,” said Jay Tuli, President of Leader Bank. “We are thrilled to welcome Steve to our Residential Lending team to extend our services to community partners throughout New England.”
Steve has nearly four decades of experience in the banking industry including 20 years assisting New England financial institutions with balance sheet management and community lending issues. In his role with Leader Bank, he will work to expand the Bank’s community mortgage correspondent network.
“Steve’s extensive experience will help bolster our team’s ability to generate custom mortgage products for our clients,” said Patrick Sylvester, Senior Vice President of Secondary Markets and Investor Relations. “Leader Bank is dedicated to matching each client with the lending solution that will be the most impactful in helping them achieve their goals, and Steve will be vital to these efforts.”
With $5.9 billion in total residential mortgages and 12,896 individual mortgages closed last year, Leader Bank was the top Home Purchase Lender among banks in Massachusetts, second among banks and mortgage companies in dollar volume, and third overall lender in dollar volume in 2021.
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.
