Governor Baker Appoints Sushil Tuli to MassHousing Board of Directors
January 24, 2018 - By The Real Reporter
BOSTON –Governor Charlie Baker recently appointed Sushil K. Tuli, Chairman and President of Leader Bank, to the MassHousing Board of Directors.
Given his history of success in banking, Governor Baker believes he will be the ideal addition to the team. “Sushil Tuli is a qualified banking professional with over 30 years of distinguished experience in the field,” remarked Governor Baker. “He will make an excellent addition to the MassHousing Board as we continue to work together to support and develop affordable housing opportunities for residents here in the Commonwealth.”
Tuli has been one of the leading figures in lending and banking in Massachusetts for more than three decades. After a successful career in mortgage lending, he founded Leader Bank in May of 2002, opening a single branch in East Arlington with seven employees and $6.5 million in assets. Since then, Tuli has guided Leader Bank to become one of the top community banks in the country, with well over 250 employees across seven full-service branches and seven mortgage offices, and more than $1.2 billion in assets.
Given his long time appreciation for MassHousing’s work, Tuli looks forward to contributing to the team. “I am honored to join MassHousing’s Board of Directors,’’ he exclaims. “Providing affordable housing solutions for low- and moderate-income borrowers has long been a significant goal of mine, and I have long admired the work MassHousing has done helping promote the American dream of homeownership throughout Massachusetts. I could not be happier to be working with MassHousing in this mission.”
Under Tuli’s leadership, Leader Bank was recently named to Inc. Magazine’s Honor Roll after ranking as one of the 5,000 fastest-growing private companies in the country for the eighth time. In 2013, Banker & Tradesman named Tuli as a Community Bank Hero, and in 2015, Mr. Tuli received a Lifetime Achievement Award from TiE-Boston for his work mentoring and supporting entrepreneurs and small businesses.
Tuli’s leadership extends beyond his work with Leader Bank and MassHousing, as he currently serves as a member of the Federal Reserve Bank of Boston’s Community Depository Institution Advisory Council, the Massachusetts Economic Development Council, and the Massachusetts Growth Capital Corporation.
MassHousing’s Board looks forward to working with Tuli as well, believing his experience in the lending field will be a vital asset. “MassHousing’s lending, especially for home mortgages, is steadily increasing and the timing is just right to have someone of Sushil’s caliber join the Board,” regards MassHousing Chairman Michael J. Dirrane. “We appreciate the Governor’s thoughtful appointment and look forward to Sushil’s insight into our work to provide cost-effective affordable housing for the residents of Massachusetts.”
Tuli received a Master’s Degree in Public Administration in 1975 from Punjab University in India and graduated from the Harvard Business School’s Owner, President and Management Program in 2010. As Board member, he will serve as an unpaid volunteer for a seven-year term.
Sushil Tuli
