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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...

Executive Director of La Colaborativa honored for raising awareness about and addressing the gross inequities in our safety net systems  BOSTON, MA, November 22, 2021 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, is pleased to announce it has honored Gladys Vega, Executive Director of

Each COVID-19 Warrior is at the forefront of addressing inequities exacerbated by the pandemic BOSTON, MA, November 4, 2021 – Eastern Bank Foundation is pleased to announce its 2021 Community Advocacy Award honorees, recognizing nonprofit organizations addressing  inequities exacerbated by the pandemic in the communities Eastern serves, including Cape Cod, Greater...

Provides Financing for Working Capital and Real Estate BOSTON, MA, October 13, 2021 – Eastern Bank is pleased to announce The GEM Group, Inc. as a new asset based lending customer. Founded in 1958, The GEM Group, which goes to market under the brand name Gemline, is an award-winning supplier of high-quality branded products to the promotional products industry. Headquartered in Lawrence...

BOSTON, MA, September 27, 2021 – Eastern Bankshares, Inc. (“Eastern”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, and Century Bancorp, Inc. (Nasdaq: CNBKA) (“Century”), the stock holding company for Century Bank and Trust Company (“Century Bank”), a full service commercial bank with a full range of business, personal and institutional services, today jointly announced they have received the necessary...

Provides Comprehensive Treasury Solution Services Including $9 Million Revolving Line of Credit  BOSTON, MA, September 14, 2021 – Eastern Bank is pleased to announce A-COM Integrated Solutions (A-COM) as a new commercial banking customer. Founded in 1973, A-COM is a family-owned security, home and business automation company offering services to benefit increasingly mobile...