Indian American Sushil Tulli Named Class A Director at the Federal Reserve Bank of Boston
- He is chairman and chief executive officer of Leader Bank, which he founded in 2002.
Sushil K. Tuli, chairman and chief executive officer of Leader Bank, is among the new board of directors elected to join the Federal Reserve Bank of Boston. The Indian American will join the board as a Class A director, the bank announced in a Jan. 5 press release.
Class A Director is a director elected by the holders of the Class A Common Stock and any director appointed to fill a vacancy in the position of a director so elected.
Tulli, who founded the Cambridge-based Leader Bank in May 2002, also serves as the president, chairman and chief executive officer of its holding company, Leader Bancorp, Inc.he joined a bank as a teller. A few years later, he launched his successful mortgage company and then in 2002, he founded Leader Bank, a nationally chartered bank which is headquartered in Boston and now employs over 180 people with over $650 million in assets and $440 million in deposits.
“Tuli has been a leader in the Massachusetts financial services sector for nearly 35 years,” the press release said. He guided Leader Bank “to become a leading community bank in Massachusetts, with more than 250 employees across seven branches, multiple loan production centers, and more than $1.6 billion in assets,” the press release added.
Previously, Tuli served as chair of the Massachusetts Mortgage Bankers Association. He currently serves on the Board of Directors for the Massachusetts Growth Capital Corporation, the Greater Boston Chamber of Commerce, and the Board of Trustees for the Dana-Farber Cancer Institute.
He received his master’s of public administration in 1975 from Punjab University in India and graduated from the Harvard Business School’s Owner, President and Management Program in 2010.