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First Commons Bank Assets Top $94M In Fourth Quarter Of Operations

Jul 22, 2010 | Reprints | Print

Newton’s First Commons Bank reported that its assets have grown to more than $94 million during its fourth quarter of operations ending June 30.

The bank began operations on July 22, 2009 and serves businesses and individuals in Newton, Wellesley, Waltham and eastern Massachusetts.

"I am pleased with our deposit growth for this past quarter and I am especially pleased with our loan growth," said Tony Nuzzo, chairman, president and chief executive officer. "Our loans grew four to five times faster than our deposits reflecting our ability to fill consumer and business lending voids created by the large banks."

Banking & Lending