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Posts Tagged ‘tony nuzzo’


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 |


Friday, June 3rd, 2011

Debby Chui, Brian Mann Join First Commons Bank to Lead New Wellesley Branch

Newton, Massachusetts, USA – June 3, 2011 – First Commons Bank, N.A., of Newton, Mass., has announced the management team for its soon-to-open Wellesley branch office: Debby Chui will be Vice President and Branch Manager, and Brian Mann will be Assistant Branch Manager. The Wellesley branch is scheduled to open this summer at 161 Linden Street, in Linden Square. First Commons Bank opened for business on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“We are pleased that Debby and Brian joined our team. Together, they have 33 years of banking experience and, more importantly, they have over 20 years of Retail Banking experience in the town of Wellesley. Debby and Brian will provide our clients with solid banking expertise as well as extensive knowledge of the local community,” said Tony Nuzzo, Chairman, President, and Chief Executive Officer.

As Vice President and Branch Manager, Ms. Chui, of Newton, Mass., will be responsible for the daily sales and operations of the new Wellesley office; and she will be reporting to Mark Jurilla, Chief Retail Officer. Prior to joining First Commons Bank, Ms. Chui was Vice President and Branch Manager of two RBS Citizens Bank branches in Wellesley. She managed the Linden Street branch from 2006 until 2011, adding responsibility for the Central Street branch in 2007 until 2011. Prior to joining RBS Citizens, Ms. Chui was a Project Manager for Dataware Solutions in Burlington, Mass., where she managed the Putnam account. Previously, she was a Business Consultant for CGU in Foxboro, Mass. Ms. Chui is active in the Wellesley community. She is a member of WOW (World of Wellesley), a nonprofit organization supporting minority professionals in Wellesley. She is also a past board member of the Wellesley Chamber of Commerce. Ms. Chui is a graduate of Brandeis University.

Mr. Mann, of Newton, Mass. will be the Assistant Branch Manager in Wellesley and support the branch’s day-to-day sales and operations. Mr. Mann has 27 years of banking experience. Before joining First Commons Bank, Mr. Mann was a banking executive in the Wellesley community for 16 years. He was Assistant Branch Manager for Cambridgeport Bank in Wellesley for 8 years and remained Assistant Branch Manager with RBS Citizens when it acquired Cambridgeport in 2003. Previously, Mr. Mann was a Mortgage Consultant Manager with Cambridgeport in Cambridge, Mass. He was also a Branch Manager for The Provident Institution for Savings, in Boston. Mr. Mann is a graduate of Suffolk University.

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 July 2009, reports total assets of more than $119 million, making it larger than 41% 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, Mass. Follow First Commons Bank on Facebook at http://facebook.com/firstcommonsbank, on Twitter at http://twitter.com/firstcommonsbnk, and on LinkedIn at http://www.linkedin.com/company/first-commons-bank-newton-centre-ma.

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Posted in Business, Public Safety |


Friday, April 29th, 2011

First Commons Bank Raises $7.4 Million in Private Placement — Assets Grow to $119 Million in 7th Quarter of Operations

fcb-square1Newton Centre, Massachusetts — April 29, 2011 — First Commons Bank of Newton, Mass., today announced it had raised approximately $7.4 million of new capital in a private placement that ended April 20, 2011. Approximately $5.9 million was raised in the quarter ending March 31, 2011, contributing to an 8.5% increase in total assets to $119 million versus the previous quarter ending December 31, 2010. First Commons Bank opened for business on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“We are pleased with our continued ability to raise capital in these difficult economic times. Since the bank’s deposit growth has exceeded initial expectations, the net proceeds from the sale of common stock in our recent offering will provide us with new Tier 1 regulatory capital that provides additional room for growth. The new $5.9 million in capital raised by March 31, 2011, brought our total capital raised to almost $25 million since pre-formation and our March 31, 2011, Tier 1 capital ratio to 15.81%,” said Tony Nuzzo, Chairman, President, and Chief Executive Officer. “Additionally, our loans grew by approximately 10% and our net interest margin grew by approximately 20%, reflecting our focused pursuit of sustained profitability.”

“It is also interesting to note that with more than 7,500 FDIC-insured banks in the U.S. filing quarterly reports for the quarter ended December 31, 2010, First Commons Bank assets have now surpassed those of more than 3,100 other banks, or more than 41 percent, after just 7 quarters of operations,” Nuzzo said.

First Commons Bank financial results are available on the FDIC Website at http://www.fdic.gov or directly through this link: 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 $119 million, making it larger than 41% 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, on Twitter at http://twitter.com/firstcommonsbnk 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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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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Thursday, February 3rd, 2011

First Commons Bank Announces First Expansion, Will Open New Branch and Additional Office Space in Wellesley, Mass.

Newton Centre, Mass. — February 3, 2011 — First Commons Bank, N.A., has filed an application with the Office of the Comptroller of the Currency (OCC) to open a new, fully staffed branch office in the town of Wellesley, Mass. The bank began operations on July 22, 2009, to serve businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts. First Commons Bank has over $110 million in assets and has 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. The bank is headquartered in Newton Centre, Massachusetts.

Tony Nuzzo, the bank’s Chairman, President, and CEO, said, “Our new branch, pending OCC and town approvals, will be located at 161 Linden Street in Linden Square, Wellesley, and is targeted to open around midyear 2011. We also plan to build additional administrative offices adjacent to the proposed Wellesley branch to accommodate the new space requirements that have resulted from our growth.”

Nuzzo, who lives in Wellesley, said, “The new Linden Square branch will allow First Commons Bank to better serve Wellesley residents.” He said, “The bank will build upon its founding principles of resolving major points of consumer dissatisfaction with the big banks by providing superior personal service, logical and quick decisions with access to decision makers, and very few fees.”

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.

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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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Wednesday, January 26th, 2011

First Commons Bank Reports a 39 Percent Increase in Loans in Sixth Quarter of Operations

- New Newton, Mass. Bank Reports Significant Progress After Less Than 18 Months of Operations -

Newton Centre, Mass. – January 26, 2011 – First Commons Bank reported that during its sixth quarter, ending December 31, 2010, loans increased by 39 percent versus the quarter ending September 30, 2010, and by 636 percent versus the same quarter last year, ending December 31, 2009. Additionally, its total assets have grown to more than $110 million, representing a 4 percent increase versus last quarter and a 72 percent increase versus the same quarter last year. The bank opened for business on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“I am pleased with the progress of our new bank on all fronts this quarter and I am especially pleased that loans increased by 39 percent and our total loan portfolio remains without a single loan that is 30 days or more past due,” said Tony Nuzzo, Chairman, President, and Chief Executive Officer. “Our loans grew five to six times faster than our deposits, which, we believe, reflects our ability to fill consumer and business lending voids created by the large banks.

“For the 12 months ending December 31, 2010, our net interest margin grew by more than 300 percent and our net income improved by 25 percent,” said Nuzzo. “Although sustained profitability is not expected for several quarters, we are clearly making progress toward this objective.”

“We are also pleased that with more than 7,600 FDIC-insured banks in the U.S. filing quarterly reports for the quarter ended September 30, 2010, First Commons Bank assets have now surpassed those of more than 2,900 other banks, or more than 38 percent, after just six quarters of operations,” 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 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.

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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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Monday, August 2nd, 2010

First Commons Bank Launches New Website Continuing to Integrate New Banking Technologies with Personal Touch

copy-of-1commonsbanklogoNewton, Massachusetts – August 2, 2010 – First Commons Bank, N.A., serving businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts, has launched its new website at www.firstcommonsbank.com just after one year of operation. The bank opened for business on July 22, 2009.

“Our new website is part of our continuing plan to integrate the latest banking technologies with a personal touch to make banking convenient, simple and sensible,” said Tony Nuzzo, Chairman, President and Chief Executive Officer.

4c533af5“The new website now includes information on the bank’s history, its Board of Directors, Management, Founders, Board of Advisors, Lending Team, and Branch Team,” he said.

The website also provides access to detailed information on First Commons Bank’s business and personal banking services, savings and lending rates, ATM services, and more.

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 & CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank (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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Thursday, July 22nd, 2010

First Commons Bank Assets Top $94 Million in Fourth Quarter of Operations

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– New Newton, Mass. bank surpasses more than 32% of all FDIC-insured banks in just over eleven months of operation–

Newton, Massachusetts – July 22, 2010 – First Commons Bank, N.A., reported that its assets have grown to more than $94 million during its fourth quarter of operations ending June 30, 2010. 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.”

“With almost 8,000 FDIC-insured banks in the U.S. filing second quarter reports, First Commons Bank assets have now surpassed more than 2,600 banks after just over eleven months of operations,” he 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 & CEO, was named Financial Services Executive of the Year in the prestigious 2010 American Business Awards. First Commons Bank (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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Thursday, May 20th, 2010

Tony Nuzzo of First Commons Bank (Newton, MA) Named a Finalist in Two Separate Categories for the 2010 American Business Awards

- Chairman of the Year and Financial Services Executive of the Year -

- First Commons Bank also a Finalist for Best New Company of the Year -

Newton, Massachusetts – May 17, 2010 – Tony Nuzzo, Primary Organizer, Chairman, President & CEO of First Commons Bank in Newton, Massachusetts, has been named a finalist in two separate categories in the prestigious 2010 American Business Awards: Chairman of the Year and Financial Services Executive of the Year. First Commons Bank was also named a finalist for Best New Company of the Year.

Finalists in the 8th annual American Business Awards were announced on Thursday, May 13th and the winners in each category will be announced at an awards banquet at the Marriott Marquis Hotel in Times Square, New York City on Monday, June 21st. The 7:50PM award ceremony for selected event categories including Chairman of the Year, Financial Services Executive of the Year, and Best New Company of the Year will be broadcast live nationwide by the Business TalkRadio Network. There are 11 main categories of awards this year for which there were over 2,700 nominees. Companies as diverse as Apple, Ford Motor Company, PepsiCo, John Hancock Annuities, PNC Financial Group, McKinsey and others are among those receiving recognition.

Winners in each category will receive The Stevie Award, a name taken from the name Stephen, which is derived from the Greek for “crowned.” A Stevie is approximately 16 inches tall, and is hand-cast and finished in 24-karat gold.

There are six finalists for Chairman of the Year and there are no restrictions on nominations in this category by industry or size of company. In addition to Tony Nuzzo from First Commons Bank in Massachusetts, the other finalists come from companies in Arizona, California (2), Utah, and Texas.

There are also six finalists in the Financial Services Executive of the Year category. Executive awards are categorized separately by industry. In addition to Tony Nuzzo, finalists come from companies in California, New York (2), Pennsylvania, and Louisiana.

There are five finalists for Best New Company of the Year and, like Chairman of the Year award, there are no restrictions on nominations in this category by industry or size of company. In addition to First Commons Bank in Massachusetts, the other finalist companies are located in New Jersey, Arizona, Washington, DC, and Florida.

Members of the Board of Distinguished Judges & Advisors for the American Business Awards include some of the most prestigious names in American Business: Tom Peters, best selling author – including In Search of Excellence; Anthony Robbins, Chairman and CEO of the Anthony Robbins Companies; and Donald Trump, Chairman, President & CEO of the Trump Organization; and many others.

Tony Nuzzo commented, “First Commons Bank is proud to be a finalist for three prestigious Stevie awards. It is an honor to be acknowledged for our unique business model and extraordinary growth during a difficult economic time. We make banking truly personal, service focused, simple, and sensible.”

In just nine months of operation, First Commons Bank reported assets of more than $84 million making First Commons Bank larger than 2,300 of the nearly 8,000 FDIC-insured institutions in the United States; and one of the fastest growing new banks in the history of the nation.

About First Commons Bank
First Commons Bank, a nationally-chartered, FDIC-insured, full-service, community bank, is dedicated to serving the banking needs of small to mid-size 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. First Commons Bank (www.firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton Centre, Massachusetts.

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Wednesday, October 21st, 2009

First Commons Bank Assets Top $42 Million in First Quarter of Operations

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– New Newton-based bank surpasses more than 1,000 FDIC-insured banks nationally in its first quarter of operations –

Newton, Massachusetts – October 20, 2009 – First Commons Bank, N.A. reported that its assets have grown to more than $42 million during its first quarter of operations ending September 30, 2009. The bank started operating on July 22, 2009 and serves businesses and individuals in Newton, Wellesley, Waltham, and metropolitan Boston.

“First Commons Bank’s extraordinary asset growth makes it one of the most successful new banks in the nation,” said Tony Nuzzo, Chairman, President & CEO. “With over 8,000 FDIC-insured banks in the US filing mid-year reports, our assets have surpassed more than 1,000 banks after just 10 weeks of operation.”

“Our strong performance demonstrates that the community is embracing the bank and its focus on high quality personal service delivered by proven, experienced professionals, in an environment that encourages relationships and consultation,” said Nuzzo. “Our clients enjoy immediate access to the bank’s CEO and senior officers, a key benefit for the small business owners and individuals who comprise our target market.”

Nuzzo said these results also validate the bank’s unique business model and vision: “Despite opening in the midst of economic uncertainty and one of the deepest recessions in banking history, our over 300 investors, most of them local, have provided a solid foundation for growth and profitability which is supplemented by strong community interest and participation.”

About First Commons Bank

First Commons Bank, a nationally-chartered, FDIC-insured, full-service, community bank, is dedicated to serving the banking needs of small to mid-size businesses and individuals in Newton, Wellesley, Waltham, and metropolitan Boston. 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. First Commons Bank (www.firstcommonsbank.com) is headquartered at 718 Beacon Street in Newton, Massachusetts.

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Public Relations contact, Boston: Tiziani Whitmyre Inc., http://www.tizinc.com/public-relations

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