Newsroom

The three-building complex in Mashpee will feature 39 affordable rental units designed to serve low- and moderate-income households BOSTON, MA, August 16, 2023 – Eastern Bank is pleased to announce its financing for the development of the LeClair Village Apartments, in Mashpee, MA. Scheduled to open in 2025, LeClair Village will feature 39 affordable rental units designed to serve...

Members serve as community ambassadors and business leaders in the communities Eastern serves BOSTON, MA, August 10, 2023 – Eastern Bank is pleased to announce the election of six local community and business leaders to its Board of Advisors and Board of Ambassadors. The newly elected Advisors are: - Daniel Rivera, President and CEO, MassDevelopment - Andrea Silbert, President, the Eos...

BOSTON, MA, July 11, 2023 – Eastern Bank is pleased to announce it has provided the financing to facilitate Raycon Construction, LLC’s sale of 100% of its stock to a newly formed Employee Stock Ownership Plan (ESOP). Founded in 2007, Raycon Construction is one of the largest privately-owned concrete construction contractors in the Northeast. Eastern Bank is also providing a...

BOSTON, MA, June 7, 2023 – Eastern Bank is pleased to announce its financing for SPS New England, Inc.’s (SPS New England) conversion to an employee-owned company. Founded in 1984, SPS New England is a bridge, highway, transit and marine contractor providing construction, bridge repair and design-build services to municipal and state clients throughout New England. After...

BOSTON, MA, May 31, 2023 – Three of Boston’s award-winning business leaders in the hospitality and entertainment sector, Nia Grace—owner of Darryl’s Corner Bar & Kitchen and The Underground Café & Lounge—along with Ed Kane and Randy Greenstein—owners of Big Night Entertainment Group—have joined forces to open ‘Grace by Nia’, a modern-day...

Roundtable discussion with 2023 Community Advocacy Award Honorees spotlights successes and solutions to address persistent housing barriers in Massachusetts and New Hampshire BOSTON, MA, May 17, 2023 – Yesterday Eastern Bank Foundation brought together the 2023 Community Advocacy Award (CAA) Honorees for a solutions-driven roundtable where approaches to the region...

NATICK, MA, February 15, 2023 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announces its corporate partnership with the National African American Insurance Association - Boston Chapter (NAAIA Boston).Established in 2019, NAAIA Boston is the local Chapter of the National African American Insurance Association which seeks to connect racially...

Provides $3 Million Of Financing To Support Daily Operations And Future Business Planning BOSTON, MA, January 18, 2023 – Eastern Bank is pleased to announce Done Right Building Services, Inc. (DRB Facility Services) as a new commercial customer. Founded in 1993 by President and CEO Anthony Samuels, DRB Facility Services...

BOSTON, MA, December 13, 2022 – 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 14th consecutive year. “Small businesses are the heart and soul of our neighborhoods and essential to a thriving, local economy, and we are so very proud to work alongside the Small Business...

Workforce development leader brings decades of experience working across the public, private and nonprofit sectors to advance job quality, workforce development and New England’s workforce for the future BOSTON, MA, December 9, 2022 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, is pleased to announce...