The Federal Deposit Insurance Corporation, or FDIC, is an independent agency of the United States government that was established by Congress with a mission to insure bank deposits. The FDIC is backed by the full faith and credit of the United States government. The FDIC insures Eastern Bank’s eligible consumer and business deposits against potential loss as described below. Deposits are also protected by the financial strength and stability of Eastern Bank, which has been serving the needs of individuals and businesses since 1818.