BOSTON, MA, March 24, 2022 – Eastern Bank is pleased to announce the following appointments to its Management Committee: Gregory P. Buscone, Executive Vice President, Senior Commercial Banking Officer; Martha A. Dean, Executive Vice President and Senior Operations Director; Timothy J. Lodge, President and CEO of Eastern Insurance Group LLC; Matthew A. Osborne, Executive Vice President, Senior...
Public servant and nonprofit leader joins Eastern Bank Foundation from the City of Boston’s Office of Economic Opportunity & Inclusion where she was Director of Small Business BOSTON, MA, March 21, 2022 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, is pleased to announce...
Provides Financing For Conversion To A 100% Employee-Owned Company And Ongoing Working Capital Needs BOSTON, MA, March 17, 2022 – Eastern Bank is pleased to announce Landrys, Inc. (Landry’s Bicycles) as a new commercial banking customer. Founded in 1922, Landry’s Bicycles is rated as one of "America's Best Bike Shops" by the National Bicycle Dealers Association and operates eight full...
Provides $8 Million Of Financing For Working Capital BOSTON, MA, March 10, 2022 – Eastern Bank is pleased to announce Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling various kinds of work apparel, footwear and...
NATICK, MA, March 7, 2022 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the operating assets of Michals Insurance Agency, Inc, a full-service insurance agency located in Watertown, MA. The transaction is effective March 1, 2022 and marks the 35th acquisition of an independent insurance agency by Eastern Insurance since 2002. Michals...
THE COMMONWEALTH OF MASSACHUSETTS Division of Banks NEEDHAM BANK, Needham, Massachusetts has petitioned the Commissioner of Banks for approval to purchase certain assets and assume certain liabilities of EASTERN BANK, Boston, Massachusetts. Under the terms of a Purchase and Assumption Agreement, NEEDHAM BANK will acquire certain assets and assume certain liabilities which relate primarily to the deposits of cannabis-related business and...
Eastern Is Recognized As A Best Place To Work For LGBTQ+ Equality Boston, MA, January 31, 2022 – Eastern Bank is pleased to announce that for the ninth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace...
Outgoing President and CEO John Koegel Will Continue as a Consultant NATICK, MA, January 20, 2022 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, is pleased to announce the promotion of Timothy J. Lodge to President and CEO of Eastern Insurance as part of its succession planning. John Koegel has retired from his role as President and CEO of Eastern Insurance, and has become a...
BOSTON, MA, December 21, 2021 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, has announced an additional $280,000 in COVID-19 support to address issues of food insecurity across Massachusetts and New Hampshire. Fifty-six organizations working to break the cycle of hunger – community-by-community –...
BOSTON, MA, December 15, 2021 – Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) and 504 loans in Massachusetts for the 13th consecutive year. “This past year has continued to be an extraordinary time of ensuring small businesses get access to the capital they need to start, stabilize and grow, and we are...
