Newton’s First Commons Bank has reported its assets have grown to more than $84 million during its third quarter ending March 31.

The bank started operating in July 2009 and serves businesses and individuals in Newton, Wellesley, Waltham, and eastern Massachusetts.

"First Commons Bank’s continued extraordinary asset growth has now placed us in the top 71 percent of all banks nationally," said Tony Nuzzo, chairman, president and chief executive officer. "With almost 8,000 FDIC-insured banks in the U.S. filing fourth quarter reports, our assets have surpassed more than 2,300 banks after approximately eight months of operations."

Nuzzo added, "Although we are pleased with our asset growth to-date as one measure of success, First Commons Bank is also focused on the bottom line."