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Leader Bank history
Leader Bank company history timeline
Tuli founded Leader Bank in May of 2002, opening a single branch in East Arlington with seven team members and $6.5 million in assets.
Doctor Douglas previously served on Leader Bank’s Advisory Board, which was formed in 2004 to review operations and strategic planning for the Bank.
Tuli joined the Bank in 2006, in its 4th year of operations.
Conrad was responsible for monitoring many local banks in times of financial crisis, and he ultimately managed six Massachusetts cooperative banks in the wake of the 2008 financial crisis to ensure their continued viability.
Tuli earned his MBA from Harvard Business School in 2011.
Morrison served as president of Asset Management’s Fixed-Income division, a role he held since 2011.
Tuli was also recognized by Franklin Pierce University in 2018 with an honorary degree of Doctor of Humane Letters for his contributions to the banking industry.
Tuli also received a New England Choice Awards Lifetime Achievement Award in 2019 for his successes in the financial services industry.
Return on shareholder investment was bolstered by remarkable growth across all lines of business as assets grew by 41.3% over 2020.
Leader Bancorp had another impressive year in 2021 with net income of $59.4 million which represents a 2.3% return on average assets and a 19.2% return on average equity.
In 2021, Leader Bank also launched its first Brand Bible, creating a unifying document to ensure consistency of the Bank’s culture and values with both internal and external audiences.
In the last decade, Leader Bank has become one of the largest residential lenders in Massachusetts, originating $5.9 billion in annual loan volume in 2021.
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Leader Bank competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Brookline Bank | 1871 | $338.5M | 826 | 15 |
| Cambridge Savings Bank | 1834 | $150.0M | 436 | - |
| East Cambridge Savings Bank | 1854 | $42.0M | 164 | 19 |
| Granite State Management & Resources | 1986 | $17.0M | 200 | - |
| The Cooperative Bank of Cape Cod | 1921 | $580,000 | 7 | 3 |
| WMC Mortgage | 1955 | $189.0M | 579 | - |
| Institution for Savings | 1820 | $1.9M | 15 | 5 |
| Master Key Mortgage | 1996 | $3.2M | 50 | 1 |
| Cognition Financial | 1991 | $392,000 | 273 | - |
| Bank of America | 1998 | $85.5B | 200,000 | 5,826 |
Leader Bank history FAQs
Zippia gives an in-depth look into the details of Leader Bank, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Leader Bank. The employee data is based on information from people who have self-reported their past or current employments at Leader Bank. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Leader Bank. The data presented on this page does not represent the view of Leader Bank and its employees or that of Zippia.
Leader Bank may also be known as or be related to Leader Bancorp Inc, Leader Bancorp, Inc., Leader Bank and Leader Bank, NA - Arlington, Massachusetts.