#Needham Bank #Danny Tieu #Community Lending

A New Chapter in Community Lending at Needham Bank

Needham Bank has made a significant staffing announcement that reflects its commitment to community and inclusive lending. Danny Tieu has officially joined the bank's Residential Lending team as Vice President, specifically focusing on the Community Reinvestment Act (CRA) initiatives. This move aims to strengthen the bank's outreach to low to moderate-income (LMI) and minority borrowers, ensuring that more individuals have access to mortgage loans.

As a vital part of his role, Tieu will be reporting to Michael Sinclair, the Executive Vice President of Residential Consumer Lending. Mr. Sinclair has emphasized the importance of this position, stating that Tieu will be integral in meeting the CRA and Fair Lending goals of the institution. Tieu's expertise will be crucial in forging and nurturing relationships with a network of realtors, housing authorities, and non-profit organizations. This initiative is designed to create robust referral systems that will assist underserved communities in navigating the home-buying process successfully.

With over eight years steeped in the mortgage industry, Tieu brings valuable insights and a diverse skill set to Needham Bank. His experience encompasses a wide array of programs, including conventional, nonconforming, jumbo, government, and state bond loan options. Prior to this role, he was a Community Lending Officer at Bank of America, where he was known for his efforts in promoting affordable housing initiatives such as low down payment programs and grants targeted at LMI and underserved groups. His earlier experience also includes a tenure as a Mortgage Development Officer at Santander Bank, providing him with a well-rounded foundation in the lending landscape.

Tieu's addition comes at a time when financial institutions increasingly recognize the importance of community investment. “Danny brings a wealth of knowledge and a strong commitment to community lending,” noted Sinclair. His alignment with the bank's mission—to create pathways for access to homeownership among disadvantaged groups—lauds his professional ethos and experience.

Expressing his enthusiasm for his new position, Tieu stated, “I am excited to further Needham Bank's efforts in supporting low to moderate income and minority borrowers. I look forward to building strong partnerships with the community and helping individuals achieve their homeownership goals.” Tieu's educational background includes a Bachelor of Science in Accounting from the University of Massachusetts Boston, which augments his financial acumen as he undertakes his new responsibilities at the bank.

About Needham Bank

Needham Bank is well-regarded for its tech-forward financial solutions that meet both business and consumer needs. Established in 1892, it has maintained a strong community commitment, often referred to as the