Leader Bank News

Leader Bank Introduces ZDeposit: Simplifying the Opening of Security Deposit Accounts

Leader Bank is pleased to introduce its proprietary security deposit management tool – ZDeposit. This free product for landlords and property managers, which was designed by the team who created ZRent, streamlines the opening of tenant security deposits through a completely digital experience...Read More

Leader Bank Welcomes New Team Members to our Southport Loan Office

Leader Bank is pleased to announce the opening of its Residential Lending office in Southport, Connecticut. Peter Ventriglia, Hayden Cadwallader, and Tim Debany, all formerly of Landmark Financial Group LLC, are joining Leader Bank after decades in the industry...Read More

Banker & Tradesman: Despite Low Inventory, Leader Bank Increases Mortgage Portfolio

Arlington-based Leader Bank has long been a powerhouse in the residential mortgage market, so it should come as no surprise that they once again sat atop Banker & Tradesman’s annual list of top single-family lenders in 2017. But the bank also managed another impressive feat: It increased total transactions and total volume during a year when many industry experts and data would suggest that housing inventory is at an all-time low...Read More

Governor Baker Appoints Sushil K. Tuli to MassHousing Board of Directors

Governor Charlie Baker has appointed Sushil K. Tuli to the MassHousing Board of Directors. Tuli is the Chairman and President of Leader Bank “Sushil is a highly qualified and insightful banking and mortgage lending professional with more than 30 years of experience and he will make an excellent addition to the MassHousing Board,” said Governor Baker...Read More

Fast-Growing Leader Bank to Launch New Tech Offering

No bank is adding deposits in Massachusetts at a faster clip than Leader Bank. It grew its in-state deposits by 45 percent from mid-2016 to mid-2017, the most of any bank with at least $1 million in in-state deposits that did not go through a merger during that time, according to FDIC data...Read More

Leader Bank’s Jay Tuli Named to “40 Under 40” List by Boston Business Journal

Leader Bank, N.A. is pleased to announce that Jay Tuli, Executive Vice President of Retail Banking, Residential Lending, has been named one of the Boston Business Journal’s 2017 “40 Under 40.” The 40 Under 40 list, now in its 20th year, recognizes highly accomplished and successful...Read More

Leader Bank Receives “A” Grade from Weiss Ratings

Leader Bank has 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. By earning this outstanding rating, Leader Bank is recognized as a “Weiss Recommended” bank offering exceptional financial dependability for its customers, vendors, and employees...Read More

Leader Bank Named One of the Top Charitable Contributors in Massachusetts by Boston Business Journal

Leader Bank, N.A. is pleased to announce that it received a 2017 Corporate Citizenship Award from the Boston Business Journal. Recognized as one of last year’s largest charitable contributors in Massachusetts, Sushil Tuli, Leader Bank’s President and CEO, and other Bank officers were proud to attend a recent reception...Read More

Leader Bank Named to Inc. Magazine’s 2017 Honor Roll, After Ranking as One of the 5,000 Fastest-Growing Private Companies for the Eighth Time

For the 8th time, Inc. Magazine has again included Leader Bank in its annual ranking of the 5000 fastest-growing private companies in the country. The list provides a comprehensive view of one of the most important segments of the economy – America’s independent-minded entrepreneurs...Read More

Leader Bank Promotes Jay Tuli to Executive Vice President

Leader Bank is pleased to announce that its Board of Directors has promoted Jay Tuli (jtuli@leaderbank.com) to the position of Executive Vice President, effective immediately. In his new position, Jay shall oversee certain key divisions of Leader Bank, including residential lending...Read More

Seneca Savings Partners with ZRent to Offer Automated Rent Payments

ZRent, a division of Leader Bank, is proud to welcome Seneca Savings to its expanding network. ZRent partners with financial institutions, allowing them to provide online rent collection services to their landlord and small business customers. This added value gives Seneca Savings and ZRent’s other partner institutions a substantial competitive advantage...Read More

Independent Banker: Where Stability Meets Innovation

A combination of profitability, strong customer relationships and a willingness to take risks means that Sushil Tuli’s Leader Bank more than lives up to its name.Some bankers button their collars and pursue safe opportunities. Others thrive on the unpredictability of innovation. Sushil Tuli, president and CEO of Leader Bank in Arlington, Mas...Read More

Leader Bank Welcomes Gerry McCarthy and Jason Anker as Senior Loan Officers

Leader Bank is pleased to announce that Gerry McCarthy, formerly of Mortgage Master/Loan Depot, and Jason Anker, formerly of Salem Five Bank, have joined Leader Bank’s residential lending team as Senior Loan Officers. Gerry McCarthy joins Leader with over twenty years of experience in the mortgage business, touting an impressive...Read More

Boston Business Journal: Here are The Most Profitable Banks in Massachusetts

Arlington-based Leader Bank ranked as the most profitable bank based in Massachusetts last year as measured by return of assets, according to data recently published by the FDIC. Leader's return on assets was 1.46 percent in 2016, just ahead of Woburn's Northern Bank & Trust, which ranked NO. 1 last year. Leader, founded in 2002, has...Read More

Leader Bank Promotes Vikas Selhi to Vice President

Leader Bank is pleased to announce that it has promoted Vikas Selhi, to the position of Vice President effective February 14, 2017. Mr. Selhi will continue to serve as a residential loan originator for the Bank’s entire portfolio of mortgage and home equity products, and provide the high-quality customer service that his customers have...Read More

Brook Ames Promoted to General Counsel of Leader Bank

Leader Bank is pleased to announce that it has promoted Brook Ames (bames@leaderbank.com) to the position of General Counsel of the Bank effective January 31, 2017. In this position, Mr. Ames, who currently serves as In-House Counsel for Leader Bank, will be responsible for the planning, organizing and overseeing the day-to-day legal...Read More

John Willis Joins Leader Bank as Senior Loan Officer

Leader Bank is pleased to announce that John Willis, formerly of Mortgage Master/Loan Depot, has joined Leader Bank as a Senior Loan Officer with Leader Bank’s South Boston Mortgage Team. John’s career in mortgage lending spans twenty years, and his commitment to providing his customers with the highest quality loan assistance has earned...Read More

American Banker: Shared Success: More Small Banks Eager to License In-House Products

Banks in need of revenue may already have what it takes to get that extra lift. Several community banks are turning their bright ideas into cold hard cash by selling or licensing products to other institutions. Leader Bank in Arlington, Mass., is the latest bank to do that, announcing that it will market a rent-payment program it spent two...Read More