The headquarters of the Federal Reserve Bank of Boston. Image Courtesy of Fox-orian / CC BY-SA 3.0

Sushil Tuli, the chairman and CEO of Arlington, Massachusetts-based Leader Bank, has been elected to the Federal Reserve Bank of Boston’s board of directors effective Jan. 1, the Boston Fed said in a statement yesterday.

The Boston Fed’s region includes all of Connecticut except Fairfield County. Tuli joins Jeanne Hulit, president and CEO of Maine Community Bank, and Citizens Bank Chairman and CEO Bruce Van Saun as the board’s three Class A directors representing member banks.

Tuli replaced Chandler Howard, the former president and CEO of Middletown-based Liberty Bank, who has completed his term on the board.

Member banks of the Boston Fed elect the Class A directors as well as Class B directors, who represent the public. Class C directors represent the public particularly in the interests of agriculture, commerce, industry, services, labor and consumers. The Federal Reserve Board of Governors elects Class C directors.

Class C directors Christina Hull Paxson, president of Brown University, and Corey Thomas, chair and chief executive officer of Rapid7, were reappointed as the board’s chair and deputy chair.

Tuli founded Leader Bank in 2002, and the bank now has $2.7 billion in assets, seven branches and 10 mortgage offices, including one in Simsbury.

The Boston Fed also appointed Ronald O’Hanley, State Street Corp.’s president and CEO, as its member on the Federal Reserve System’s Federal Advisory Council. O’Hanley replaced John Ciulla, chairman and CEO of Waterbury-based Webster Bank.