Provides Financing for Working Capital and Real Estate BOSTON, MA, September 1, 2021 – Eastern Bank is pleased to announce Metropolitan Cabinets & Countertops (Metropolitan) as a new commercial banking customer. Founded in 1984, Metropolitan is a family run business that provides custom cabinetry and countertops to residential and commercial customers across New England.
Eastern Bank is pleased to announce the promotion of Sujata Yadav to Executive Vice President and Chief Marketing Officer reporting to Eastern Vice Chair and President Quincy Miller. Ms. Yadav’s career spans a range of financial services leadership roles in marketing strategy, product management and analytics.
Recently announced $2 million in COVID-19 grants support culturally-inclusive outreach and access to vaccines BOSTON, MA, July 28, 2021 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, recently announced an additional $2 million in COVID-19 support to increase last mile vaccination outreach and...
Provides Financing For Conversion To An Employee-Owned Company And Ongoing Working Capital Needs BOSTON, MA, July 21, 2021 – Eastern Bank is pleased to announce Stanley Tree Service, Inc. (Stanley Tree) as a new commercial banking customer. Stanley Tree was founded in 1986 as a residential tree trimming and service company. It has grown to serve many commercial accounts and major...
NOTICE Eastern Bank, Boston, Massachusetts has petitioned the Massachusetts Division of Banks for permission to close a branch office located at the addresses listed below (the “Branch”). Eastern Bank intends to close the Branch on the corresponding date listed below if Eastern Bank receives approval by the appropriate federal and state banking agencies of the proposed merger. Any objections or comments relative to this proposal must be...
THE COMMONWEALTH OF MASSACHUSETTS Division of Banks EASTERN BANK, Boston, Massachusetts has petitioned the Commissioner of Banks for approval to merge with CENTURY BANK AND TRUST COMPANY (CENTURY), Medford, Massachusetts in a multi-step transaction. Under the terms of an Agreement and Plan of Merger, CENTURY will merge with and into EASTERN BANK under the charter, bylaws, and name of EASTERN BANK. This multi-step...
Provides Full Banking Solution Including $13 Million Revolving Line of Credit BOSTON, MA, June 8, 2021 – Eastern Bank is pleased to announce Boston Warehouse Trading Corp. as a new commercial banking customer. Founded in 1974 as a small warehouse importing colorful textiles and ceramics from Europe, today Boston Warehouse sources products from across the globe and provides creative...
A New Name – the Eastern Bank Foundation – Reflects A Philosophy Of Investing In The Community To Create Systems Change Long-Standing Support Of Grassroots Community Donations Remains A Core Strategy Increased Commitment To Advance Economic Inclusion and Mobility Additional $2 Million For COVID-19 Support Is Announced, Bringing Total COVID-19 Support To $15 Million Since 2020 BOSTON, MA, May 17, 2021 – The Foundation...
NATICK, MA, May 3, 2021 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the operating assets of the Barr Insurance Agency, Inc., a full-service, family-operated insurance agency headquartered in Watertown, MA. The transaction is effective May 1, 2021 and marks the 34th acquisition of an independent insurance agency for Eastern Insurance since...
Key Highlights: Merger creates $22 billion combined franchise and solidifies Eastern’s leading position in Boston and Eastern Massachusetts Financially compelling transaction with 55% EPS accretion on a fully synergized basis Eastern announces 33% increase to quarterly dividend BOSTON, MA & MEDFORD, MA, April 7, 2021 – Eastern Bankshares, Inc. (“Eastern”) (Nasdaq Global Select Market: EBC), the stock holding company for...
