BOSTON– Massachusetts State Treasurer and Receiver General Deborah B. Goldberg said that Leader Bank Founder and CEO Sushil Tuli, who will be honored with the Lifetime Achievement Award 2019, is a “community champion.”
“Under Sushil Tuli’s direction, Leader Bank has participated in our office’s Small Business Banking Partnership. Through the end of June 2019, they originated 532 small business loans, representing over $76.3 million in committed lending, which created or saved 1,508 jobs in Massachusetts alone,” said Ms. Goldberg told INDIA New England News. “The New England region is truly fortunate to have a community champion like Sushil Tuli.”
On Nov. 15, 2019 at Westin Hotel in Waltham, MA, Mr. Tuli will be honored with the 2019 Lifetime Achievement Award by INE Multimedia, a non-profit organization in collaboration with INDIA New England News. About 400 entrepreneurs, corporate executives, philanthropists, educators and community leaders are expected to attend the gala.
Mr. Tuli has been one of the leading figures in financial services throughout Massachusetts for over thirty years. With the opening of a single branch of Leader Bank in East Arlington with seven employees and only $6.5 million in assets in 2002, Mr. Tuli has guided the bank to become one of the top community banks in the county, with well over 250 employees across seven full service branches and three loan production centers, and over $1.3 billion in assets.
During his time as President, Chairman and CEO, Mr. Tuli has grown all facets of Leader Bank’s business, with a particular focus on retail banking, residential mortgages and both commercial and small business lending. Prior to forming Leader Bank, Mr. Tuli founded Leader Mortgage Company in 1986.
Leader Bank have been repeatedly honored for their success over the last decade. Under Mr. Tuli’s leadership, Leader Bank has received both a 5-Star Superior Rating from Bauer Financial in every quarter since 2010 and an “A” or “Excellent” rating from Weiss Ratings every year since 2009. In 2013, Banker & Tradesman named Mr. Tuli as a Community Bank Hero, and in 2015, the Boston Business Journal named Mr. Tuli as a Leader in Diversity. Mr. Tuli also recently received a Lifetime Achievement Award from TiE-Boston for his work mentoring and supporting entrepreneurs and small businesses.