First Commons Bank is America’s Newest $100 Million Bank, After Less Than 14 Months of Operations

First Commons Bank reported that its assets were $101 million as of August 31, 2010. The bank began operations on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, and Waltham, and eastern Massachusetts.
 
Sept. 2, 2010 - PRLog -- First Commons Bank reported that its assets were $101 million as of August 31, 2010. The bank began operations on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, and Waltham, and eastern Massachusetts.

“We are pleased to be America’s newest $100 million bank after less than 14 months of operations. With almost 7,800 FDIC-insured banks in the U.S. filing second quarter reports, First Commons Bank’s assets have now surpassed more than 2,700 banks or 35%,” said Tony Nuzzo, Chairman, President and CEO.

Financial results for the quarter ending September 30, 2010 will be reported in October when the bank files its quarterly call report with the FDIC.

# # #

First Commons Bank, N.A., a nationally-chartered, FDIC-insured, full-service, community bank, is dedicated to serving the banking needs of small to mid-sized businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts. First Commons Bank combines the industry’s most advanced technology with a highly-experienced, onsite, management team to provide clients with superior, personalized service and the highest quality banking experience. It offers a comprehensive portfolio of retail and business banking services, including checking and savings accounts, online banking, ATM/debit cards, money market accounts, certificates of deposit, home equity loans, residential and commercial mortgages, consumer and business loans, and cash management services. Of note, Tony Nuzzo, Chairman, President and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards.
End
Source:First Commons Bank
Email:***@tizinc.com Email Verified
Tags:Bank, Banking, First Commons Bank, Massachusetts, Newton, Newton Centre, Waltham, Wellesley
Industry:Banking, Finance, Business
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse



Like PRLog?
9K2K1K
Click to Share