Bailout Bank Bio: Leader Bancorp

May 28, 2009 | 1 min read | Print Article

Leader Bancorp, Inc. is the holding company for Leader Bank N.A., headquartered in Arlington, MA. Leader Bank’s deposits are insured by the Federal Deposit Insurance Corporation (FDIC). Leader Bank opened for business on May 8, 2002 and serves our customers through our branches in Arlington, Cambridge and Belmont and a loan production center in Burlington.

In December Leader announced that it would participate in the Treasury Department’s Capital Purchase Program. Under the program the company received $5.8 million in exchange for preferred stock.

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Bailout Bank Bio: Leader Bancorp


Federal Equity Investment	$5.8 million
Total Revenue	$6.2 million (2008 Net Interest Income)
Net Income	$1.2 million (2008)
Number of Employees	Unknown
Corporate Headquarters	Arlington, Massachusetts
Business Sector	Private Bank
Officers and Directors	Sushil K. Tuli, Board Chairman Other Officers and Directors
Corporate Website	http://www.leaderbank.com
Executive Compensation	Unknown