Newton-based First Commons Bank has reported its assets were $101 million as of Aug. 31.

"We are pleased to be America’s newest $100 million bank after less than 14 months of operations," said Tony Nuzzo, chairman, president and CEO of First Commons Bank. "With almost 7,800 FDIC-insured banks in the U.S. filing second quarter reports, First Commons Bank’s assets have now surpassed more than 2,700 banks or 35 percent."