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Nicholas W. Lazares
Chairman and CEO
Admirals Bank in Boston, Massachusetts

Mr. Lazares is Admirals Bank's Chairman of the Board and Chief Executive Officer. Mr. Lazares and a group of private investors acquired this regional retail bank in mid-2010 intending to capitalize on the seismic dislocation in the financial services industry.

With fresh capital and a new management team in place, Admirals has been aggressively acquiring loan portfolios while continuing to organically grow the banking business.

Prior to leading the acquisition of Admirals Bank, Mr. Lazares was Chairman of the Board and Co-Chief Executive Officer of Boston-based Capital Crossing Bank (formerly Atlantic Bank & Trust) one of the best performing banks in the nation for over a decade. Capital Crossing Bank was acquired by Lehman Brothers in 2007 for $210 million.

Mr. Lazares is a Trustee of the Boston Ballet. In addition, he serves on the Dean's Council of the Harvard Kennedy School of Government and the Board of Fellows at Trinity College.

Mr. Lazares is a graduate of Trinity College in Hartford, CT, with a degree in economics. He also earned a Juris Doctor degree and an LL.M. (Master of Laws) degree in taxation from Boston University School of Law.