Company Overview of First Commons Bank, N.A.
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, MA 02459
Founded in 2009
Key Executives for First Commons Bank, N.A.
Co-Founder and Vice Chairman
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
Jul 22 14
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
Jun 30 14
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
Apr 23 14
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.
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