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Posts Tagged ‘banking’


Friday, September 16th, 2011

First Commons Bank Celebrates Grand Opening of Wellesley Branch Office; Receives Official Citations from State Representative Alice Hanlon Peisch

Wellesley, Mass. — September 16, 2011 — The directors and management of First Commons Bank, along with officials from the Town of Wellesley, Mass., and the Wellesley Chamber of Commerce, joined to officially celebrate the opening of the bank’s second branch office at 161 Linden Street in Linden Square, Wellesley, Mass. on Wednesday. The Newton-based bank began operations on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

State Representative Alice Hanlon Peisch presented official citations from the Massachusetts Senate and from the Massachusetts House of Representatives to Tony Nuzzo, Chairman, President and CEO, congratulating the bank on its second branch and wishing the bank continued success.

In addition to Peisch, those participating in the festivities included Wellesley Chamber President and CEO Maura M. O’Brien, Wellesley Selectmen Owen Dugan and Terri Tsagaris, Wellesley Fire Chief Rick Delorie, Deputy Fire Chief Jeff Peterson, and Wellesley Police Department Lieutenants Marie Cleary and Jack Pilecki.

“This week we are celebrating our second new branch and the bank’s second anniversary of operations,” said Nuzzo. “Here in Wellesley, as we have done in Newton, we will strive to become long-term financial partners with our clients while offering best-in-class customer service; easy access to funds; and fast, logical loan decisions.”

Nuzzo introduced Debby Chui, Vice President and Branch Manager in Wellesley, and Brian Mann, Assistant Branch Manager. “Together, the team has 33 years of banking experience and extensive knowledge of the local community that includes more than 20 years in the town of Wellesley,” he said.

Operating hours for the new office will be Monday-Wednesday, 8:30 to 5:00; Thursday and Friday, 8:30 to 6:00; and Saturday, 8:30 to 2:00. The bank’s phone number is 617-243-4400 and the Web address is http://www.firstcommonsbank.com.

About First Commons Bank

First Commons Bank, N.A., is a new, nationally chartered, FDIC-insured full-service community bank, dedicated to serving the businesses and individuals of Newton, Wellesley, Waltham, and eastern Massachusetts. The bank, which opened for business in 2009, reports total assets of more than $136 million, making it larger than 45% of all FDIC-insured banks in the U.S.

First Commons Bank provides clients with superior, personalized service and the highest-quality banking through its onsite management team, experienced staff members, unique and welcoming branch environment, and advanced banking technologies. Of note: Tony Nuzzo, Chairman, President, and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards.

First Commons Bank (http://www.firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts.

Follow First Commons Bank on Facebook at http://facebook.com/firstcommonsbank and on Twitter at http://twitter.com/firstcommonsbnk.

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Press contact: Don Goncalves, Tiziani Whitmyre, Inc., 781-793-9380, dgoncalves@tizinc.com

Download high-resolution photos for publication from: http://goo.gl/Zr4Al

Company contact: Tony Nuzzo, First Commons Bank, 617-243-4410

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Posted in Business |


Thursday, July 28th, 2011

First Commons Bank Assets Top $136 Million in Eighth Quarter of Operations


- New Newton-Based Bank Surpasses More Than 45% of All FDIC-Insured Banks Nationally in Less Than Two Years -

Newton Centre, Massachusetts – July 28, 2011 – First Commons Bank of Newton, Mass., today reported that its assets have grown to more than $136 million during its eighth quarter of operations ending June 30, 2011. This reflects a 44% increase or over $42 million versus the asset level of $94 million for the quarter ending June 30, 2010. The bank began operations on July 22, 2009 and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“With more than 7,500 FDIC-insured banks in the U.S. filing reports for the quarter ended March 31, 2011, First Commons Bank assets have now surpassed those of more than 3,400 other banks, or more than 45 percent, after just 8 quarters of operations,” said Tony Nuzzo, Chairman, President and CEO.

“Although we are pleased with our asset growth over the first 23 months of operations, we remain focused on achieving sustained profitability. Within this context, we are very pleased that our net loans have grown to $93.8 million versus $37.5 million at the end of June in 2010 for a 149% increase or over $56.2 million. This has resulted in a loan to deposit ratio of 80.3% versus 47.2% last year,” Nuzzo said.

“First Commons Bank will open its second branch in Wellesley, Massachusetts later this summer which will allow us to expand our ability to fill the consumer and business voids created by the large banks,” Nuzzo said.

First Commons Bank financial results are available on the FDIC’s Web site at http://goo.gl/dchRM.

About First Commons Bank

First Commons Bank, N.A., is a new, nationally chartered, FDIC-insured full-service community bank, dedicated to serving the businesses and individuals of Newton, Wellesley, Waltham, and eastern Massachusetts. The bank, which opened for business in 2009, reports total assets of more than $136 million, making it larger than 45% of all FDIC-insured banks in the U.S.

First Commons Bank provides clients with superior, personalized service and the highest-quality banking through its onsite management team, experienced staff members, a unique and welcoming branch environment, and advanced banking technologies. Of note: Tony Nuzzo, Chairman, President, and CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank (http://firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts.

Follow First Commons Bank on Facebook at http://facebook.com/firstcommonsbank and on Twitter at http://twitter.com/firstcommonsbnk.

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Press contact: Don Goncalves, Tiziani Whitmyre public relations, Inc., 781-793-9380, dgoncalves@tizinc.com

Company contact: Tony Nuzzo, First Commons Bank, 617-243-4410

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Posted in Uncategorized |


Friday, March 4th, 2011

First Commons Bank Launches Online Applications, Social Media Outreach – and Expands Customer Services

Newton, Mass. – March 4, 2011 – First Commons Bank, N.A., is expanding its portfolio of customer services to include a new Online Application Service, called Online Concierge, and a presence on social media networks Facebook and LinkedIn.

First Commons Bank began operations on July 22, 2009 to serve businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts. As of Dec. 31, 2010, the bank had over $110 million in assets and had surpassed the asset size of more than 2,900, or 38%, of all FDIC-Insured banks in the U.S. – after just six quarters of operations.

“First Commons Bank’s new Online Application Service, at our website, http://www.firstcommonsbank.com, allows both existing and new customers anywhere, anytime access to open a new personal or business deposit account or even apply for a business loan,” said Tony Nuzzo, First Commons Bank Chairman, President and Chief Executive Officer.

“In addition, we have expanded our Social Media outreach with the creation of profiles on two of the world’s leading Social Media networks – Facebook and LinkedIn – providing easy-to-find location and contact information as well as up-to-date news, features, and even photos of the Bank and our community activities,” he said.

“The introduction of our Online Application Service and our new presence on Facebook and LinkedIn directly reflects our continuing dedication to merge the latest banking technologies with a personal touch to make banking convenient, simple, and sensible for our customers,” Nuzzo said.

Find First Commons Bank on Facebook at: http://facebook.com/firstcommonsbank and on LinkedIn at: http://www.linkedin.com/company/first-commons-bank-newton-centre-ma.

About First Commons Bank

First Commons Bank, N.A., a nationally chartered, FDIC-insured, full-service community bank, is dedicated to serving the banking needs of small to midsized businesses as well as 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. First Commons Bank (http://www.firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts. A new branch is planned to open in Wellesley, Massachusetts, in 2011. Find First Commons Bank on Facebook at: http://facebook.com/firstcommonsbank and on LinkedIn at http://www.linkedin.com/company/first-commons-bank-newton-centre-ma.

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  • Press contact: Don Goncalves, Tiziani Whitmyre, Inc., 781-793-9380, dgoncalves@tizinc.com
  • Company contact: Tony Nuzzo, First Commons Bank, 617-243-4410
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Posted in Business |


Wednesday, October 20th, 2010

First Commons Bank Reports Profitability After Less Than 15 Months of Operations

– New Newton, Mass., Bank Has One-Time Investment Gain Resulting in Profitability for the Quarter Ended September 30, 2010 –

Newton Centre, Mass. – October 20, 2010 – First Commons Bank, N.A., reported its first quarterly profit after less than 15 months of operations due principally to a one-time investment gain. Additionally, its assets have grown to more than $105 million during its fifth quarter of operations ended September 30, 2010. The bank opened for business on July 22, 2009 and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

First Commons Bank reported net income of $28,415 (unaudited) for the quarter ended September 30, 2010 compared to a net loss of $646,104 (unaudited) for the quarter ended June 30, 2010 (last quarter) and a net loss of $1,305,876 (audited) for the quarter ended September 30, 2009 (year ago). The bank’s one-time investment gain, resulting from the sale of mortgage-backed securities, totaled $505,000.

“I am pleased that we can report our first profitable quarter after less than 15 months of operations. Although the third quarter profit was primarily due to a one-time investment gain, we believe that it demonstrates our attention to detail in every aspect of the bank as we work toward sustained profitability with continued growth,” said Tony Nuzzo, Chairman, President and CEO. He noted that the bank expects that it will not achieve sustained profitability for at least the next several quarters.

“We are pleased that with nearly 7,800 FDIC-insured banks in the U.S. filing second quarter reports, First Commons Bank assets have now surpassed more than 2,800 banks, or almost 37%, after five quarters of operations – reflecting our ability to fill consumer and business voids created by the large banks,” Nuzzo said.

About First Commons Bank

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. First Commons Bank (http://www.firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts.

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Public Relations contact, Boston:  Don Goncalves, dgoncalves@tizinc.com, 781-793-9380, for Tiziani Whitmyre Inc., http://www.tizinc.com/public-relations

Company contact: Tony Nuzzo, First Commons Bank, 617-243-4410

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Posted in Business |


Wednesday, September 15th, 2010

First Commons Bank Celebrates First Anniversary with Special Visit, Certificate of Commendation, from Newton Mayor Setti Warren

Newton Centre, Mass. – September 15, 2010 – First Commons Bank, N.A., celebrating “First Commons Bank Day” and its first anniversary of operation on Sept. 14th, was pleased to receive a special visit and Certificate of Commendation award from Newton Mayor Setti Warren.

The Mayor’s proclamation recognized First Commons Bank as a “tremendous addition to Newton’s business community.” It also commended Chairman President and CEO Tony Nuzzo for winning the prestigious Financial Services Executive of the Year award from the American Business Awards. Mayor Warren also wished the bank “many years of success and prosperity in the future.”

[See or download the photo at: http://flic.kr/p/8Bc4t8.]

“When we founded First Commons Bank a little over a year ago, we set about to create the ‘Future of Banking’ by making banking simple and sensible. We are clearly succeeding. We recently surpassed $100 million in assets in less than 14 months of operation. We are now larger than 2,700, or 35-percent, of all FDIC-insured banks in the U.S. filing second quarter reports,” Nuzzo said.

To mark First Commons Bank Day and thank the community for its tremendous support, the bank-sponsored free parking on Sept. 14th in Newton Centre for all residents, shoppers and visitors.

“We were pleased to pick up the tab for the Newton Centre parking meters wrapped with our special First Commons Bank Day celebration covers as a special thank you to the community for its support. Additionally, due to popular demand, we are extending most of our new special banking offers through the end of September,” Nuzzo said.

About First Commons Bank
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. First Commons Bank (http://www.firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts.

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Public Relations contact, Boston:  Don Goncalves, dgoncalves@tizinc.com, 781-793-9380, for Tiziani Whitmyre Inc., http://www.tizinc.com/public-relations

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Posted in Business |


Thursday, September 2nd, 2010

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

copy-of-1commonsbanklogoNewton Centre, Mass. – September 2, 2010 – 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.

About First Commons Bank
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. First Commons Bank (http://www.firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts.

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Public Relations contact, Boston:  Don Goncalves, dgoncalves@tizinc.com, 781-793-9380, for Tiziani Whitmyre Inc., http://www.tizinc.com/public-relations

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Posted in Business, Public Safety |


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