July 24, 2014 2:08 PM ET

Banks

Company Overview of First Commons Bank, N.A.

Company Overview

First Commons Bank, N.A., a full-service community bank, personal and businesses banking products and services in Massachusetts. Its personal services include checking accounts; money market accounts; savings and CDs; personal lending, including loans for home purchases, home refinancing, and personal borrowing; and other personal banking services, including online banking and bill pay, mobile banking, etc. The company’s business services include business checking accounts; cash management products and services; savings/CDs/money market accounts; business lending, including term loans, lines of credit, small business mortgages, and secured loans; and other business banking services, includin...

718 Beacon Street

Newton Centre

Newton, MA 02459

United States

Founded in 2009

Phone:

617-243-4400

Key Executives for First Commons Bank, N.A.

Co-Founder and Vice Chairman
Age: 72
Co-Founder and Director
Co-Founder and Director
Co-Founder and Director
Age: 59
Compensation as of Fiscal Year 2014.

First Commons Bank, N.A. Key Developments

First Commons Bank, N.A. Announces Financial Results for the Second Quarter and Six Months Ended June 30, 2014

First Commons Bank, N.A. announced financial results for the second quarter and six months ended June 30, 2014. Net Income for the quarter was $348,000, compared to $340,000 for the first quarter of 2014. Year-to-date income for the period January 1 to June 30, 2014 was $688,000, compared to $523,000 for the same period of 2013. Total interest income was $5.527 million against $4.717 million a year ago. Net interest income was $4.352 million against $3.827 million a year ago. Income before income tax expense was $1.161 million against $879,000 a year ago. The return on average assets for the six-month period ended June 30, 2014 was 0.53%, compared to 0.48% for the six-month period ended June 30, 2013.

First Commons Bank, N.A. Promotes Oscar Moreno to Senior Vice President, Retail & Business Banking

First Commons Bank, N.A. announced the promotion of Oscar Moreno to Senior Vice President, Retail & Business Banking. Moreno joined First Commons Bank in October, 2012, as Business Banking Officer. He was promoted to Vice President, Director of Branches and Business Banking, in February 2013.

First Commons Bank, N.A. Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014

First Commons Bank, N.A. reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total interest income of $2.780 million compared to $2.321 million a year ago. Net interest income was $2.192 million compared to $1.879 million a year ago. Net interest income after provision for loan losses was $2.198 million compared to $1.72 million a year ago. Income before income tax was $0.571 million compared to $0.33 million a year ago. Net income was $0.340 million compared to $0.196 million a year ago.

Similar Private Companies By Industry

Company Name Region
Normangee State Bank United States
Kentucky Federal Savings and Loan Association United States
The Pitney Bowes Bank, Inc. United States
M&T Capital Trust III United States
North Texas Bank, National Association United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact First Commons Bank, N.A., please visit www.firstcommonsbank.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.