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Posts Tagged ‘Wellesley’


Friday, January 27th, 2012

First Commons Bank Assets Top $168 Million in Tenth Qtr., Net Loans Increase 25% vs. Last Qtr.

— New Mass. Bank Now In Top Half of All FDIC-Insured Banks Nationally After Only Ten Quarters —

NEWTON, MASS. — January 27, 2012 — First Commons Bank of Newton, Mass., today reported that its assets have grown to more than $168 million during its tenth quarter of operations ended December 31, 2011. This reflects a 52% increase or over $58 million versus the asset level of $110 million reported for the quarter ending December 31, 2010. The bank began operations on July 22, 2009, and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

“With more than 7,300 FDIC-insured banks in the U.S. filing reports for the quarter ended September 30, 2011, First Commons Bank’s assets have now surpassed those of more than 3,800 other banks, or more than 52% percent, after just ten quarters of operations,” said Tony Nuzzo, Chairman, President, and CEO.

“While we are pleased with our asset growth, we remain focused on achieving sustained profitability,” Nuzzo said. “Our net loan growth of 25% for this quarter versus last quarter moves us considerably closer to reaching this goal.”

The Bank reported net loans have grown to $132 million, compared to $69 million as of year ago ended December 31, 2010, representing an increase of 92% or $63 million, and compared to $105 million as of last quarter ended September 30, 2011, representing an increase of 25% or $27 million. The Bank’s net interest margin increased to 3.57%, compared to 2.40% as of year ago ended December 31, 2010, representing an increase of 48%, and compared to 3.25% as of last quarter ended September 30, 2011, representing an increase of 10%.

First Commons Bank’s financial results are available on the FDIC’s Web site at http://goo.gl/gi13x.

Nuzzo also reported that Director Matt Miller resigned from the Board for personal reasons. “Matt has been with First Commons Bank since our earliest days in pre-formation and we thank him for his significant contributions to our success,” Nuzzo said. There are no plans to replace Mr. Miller as Director.

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 $168 million, making it larger than 52% 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 locations include its headquarters at 718 Beacon St. in Newton Centre, Mass., and 61 Linden St., Linden Square, in Wellesley, Mass.

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

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Posted in Business |


Friday, October 28th, 2011

First Commons Bank Assets Top $152 Million in Ninth Qtr., Net Loans Double vs. Year Ago

— New Mass. Bank Surpasses More Than 49% of All FDIC-Insured Banks Nationally After Only Nine Quarters —

NEWTON, MASS. — October 28, 2011 — First Commons Bank of Newton, Mass., today reported that its assets have grown to more than $152 million during its ninth quarter of operations ended September 30, 2011. This reflects a 44% increase or over $46 million versus the asset level of $105 million reported for the quarter ending September 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 7,400 FDIC-insured banks in the U.S. filing reports for the quarter ended June 30, 2011, First Commons Bank’s assets have now surpassed those of more than 3,700 other banks, or more than 49%, after just nine quarters of operations,” said Tony Nuzzo, Chairman, President, and CEO.

“While we are pleased with our asset growth over the first two years of operations, we remain focused on achieving sustained profitability,” Nuzzo said.

The Bank reported net loans have grown to $105 million, compared to $50 million as of September 30, 2010, representing an increase of 111% or $55 million. For the nine months ended September 30, 2011, the provision for loan losses increased by approximately $800,000 versus one year ago. For the same period, the Bank’s net interest margin increased by 58% to 3.10%, from 1.96%.

“We are also pleased that we expanded our bank to include a new site in Wellesley, Massachusetts, in August 2011, allowing us to increase our ability to fill the consumer and business voids created by the large banks,” Nuzzo said.

First Commons Bank’s financial results are available on the FDIC’s Web site at http://goo.gl/afM4N.

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 $152 million, making it larger than 49% 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 locations include its headquarters at 718 Beacon St. in Newton Centre, Mass., and 61 Linden St., Linden Square, in Wellesley, Mass.

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

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Posted in Business |


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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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, 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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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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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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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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