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Eastern Bank Surpasses $25 Billion In Assets BOSTON, MA, July 15, 2024 – Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, today announced the closing of its merger with Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company (the “Merger”). The all-stock transaction was originally announced on September 19, 2023. “We are excited to...

BOSTON, MA, July 1, 2024 – Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of four members of Cambridge Bancorp’s (NASDAQ: CATC) (“Cambridge”) Board of Directors to the Eastern and Eastern Bank Boards of Directors (together, the “Eastern Boards of Directors" or the “Eastern Boards”) effective upon the closing of the companies’ pending Merger...

Mr. Jones Specializes in Non-Profit Finance, Including Tax-Exempt Bond Financing   BOSTON, MA, June 27, 2024 – Eastern Bank is pleased to welcome Erik Jones as a Senior Vice President, Community Development Lending Team Leader. Mr. Jones brings deep experience in lending for a broad array of corporate and tax-exempt organizations in the healthcare, education, human services and...

Mr. Alberghini Brings Over 14 Years of Middle Market Lending Experience With A Focus On Family-Owned Businesses BOSTON, MA, June 10, 2024 – Eastern Bank is pleased to welcome Joseph Alberghini as a Senior Vice President, Commercial Banking Team Leader. Mr. Alberghini brings deep experience in lending to the Middle Market with a particular focus on family-owned businesses. “We are...

BOSTON, MA, May 28, 2024 – Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, and Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company, today jointly announced they have received all necessary regulatory approvals to complete their proposed merger (the “Merger”), which was previously announced on September 19, 2023. The Merger is...

BOSTON, MA, May 14, 2024 – Eastern Bank is pleased to announce it has provided the financing to facilitate Capstan Atlantic’s conversion to an employee-owned company. Founded in 1956 and located in Wrentham, MA, Capstan Atlantic is an industry leading powder metal manufacturer producing complex gears, sprockets and structural components for the automotive industry and a wide...

  Initial cohort of 11 people of color, women, and LGBTQ-owned businesses to receive support for public relations and business contracting opportunities to spark accelerated, equitable growth BOSTON, MA  – The recently formed Business Growth Task Force today launched a regional first-of-its-kind ‘Business Growth Visibility Campaign’ to help level the playing field for entrepreneurs from traditionally underserved communities. The...

BOSTON, MA – Recently, Eastern Bank Foundation (EBF), the philanthropic arm of Eastern Bank, brought together their 2024 Community Advocacy Award (CAA) honorees for a solutions-driven conversation and award ceremony. This year’s 14 awardees are leaders in Early Childhood Development (ECD) and serve children and families across our region – from New Hampshire, the...

Provides Capital To Support Future Business Growth BOSTON, MA, March 6, 2024 – Eastern Bank is pleased to announce global ground transportation company DPV Transportation, Inc. (DPV) as a new commercial banking customer. Headquartered in Everett, MA, DPV is the largest certified minority-owned ground transportation business in New England operating a fleet of...

Longtime champion in subsidized housing, multi-income neighborhood development, community engagement and resident wrap-around services to promote safe and affordable housing in underserved communities BOSTON, MA February 29, 2024 – Eastern Bank Foundation (EBF), the philanthropic arm of Eastern Bank, is pleased to announce Ann...