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...
NATICK, MA, April 1, 2021 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the assets of the NorthBridge Insurance Agency, Inc., a full-service insurance agency located in Concord, MA. The transaction is effective April 1, 2021 and marks the 33rd acquisition of an independent insurance agency for Eastern Insurance since 2002. NorthBridge...
Ms. Dean Has 35+ Years Of Operations Experience With Massachusetts Banking Institutions And Has Held Operations Roles At Eastern Since 2014 BOSTON, MA, March 25, 2021 – Eastern Bank is pleased to announce the promotion of Martha A. Dean to Executive Vice President of Operations. Ms. Dean’s versatile background spans operations, risk management, compliance and technology, among other areas.
Recognizing A Strong Early Childhood System Is Fundamental To A More Competitive Workforce, Massachusetts Companies Are Invited To Join The Growing Coalition BOSTON, MA, February 9, 2021 – Today, 70 Massachusetts CEOs and business leaders announced the launch of the Massachusetts Business Coalition for Early Childhood Education, a business coalition focused on early child care and education. Leading the coalition as Co-Chairs are: Jon...
Eastern Is Also Designated As A Best Place To Work For LGBTQ Equality BOSTON, MA, February 4, 2021 – For the eighth consecutive year, Eastern Bank, including its Eastern Insurance Group subsidiary, is pleased to announce that it received a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report...
Please click here to read The Wall Street Journal's article, "There Was a Piece Missing—We Were All White’: One Bank Targets Racial Inequity", featuring Eastern Bank Chair and CEO Bob Rivers...
