Newsroom

The project will preserve 122 affordable senior housing units and create 28 new homes for moderate-income seniors in four communitiesBOSTON, MA, July 16, 2026 – Eastern Bank is pleased to announce financing for a multi-site affordable senior housing development in four New Hampshire communities—Tamworth, Bethlehem, Manchester and Pelham. Sponsored by Housing Initiatives of New England Corporation, a nonprofit developer and...

BOSTON, MA, June 25, 2026 – Eastern Bank Foundation, the philanthropic arm of Eastern Bank, today announced the 2026 Community Advocacy Award recipients, recognizing 11 organizations across Massachusetts, New Hampshire, and Rhode Island advancing civic education and giving people a stronger voice in the decisions that shape their communities. From fostering public...

Mr. Davis Brings More Than 25 Years of Experience In Commercial Real Estate LendingBOSTON, MA, June 23, 2026 – Eastern Bank is pleased to welcome Paul Davis as a Senior Vice President, Commercial Real Estate Relationship Manager. Mr. Davis brings more than 25 years of experience in banking and the commercial real estate industry spanning the financing of large-scale developments, structuring of commercial real estate investments...

BOSTON, MA, June 4, 2026 – Eastern Bank today announced it has provided financing to support the conversion of Surety Bond Professionals (SBP), a Massachusetts-based, independent surety-only agency, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP), a revolving line of credit to...

New luxury multifamily housing development supports long-term growth and revitalization efforts in Warwick’s City Centre districtBOSTON, MA, May 21, 2026 – Eastern Bank is pleased to announce it has led the financing of Wood Partners’ Alta Altitude housing project, a 214-unit luxury, 100% market-rate apartment development in Warwick, RI. Eastern provided a $31 million construction loan for the...

Yongmei Chen Promoted to Commercial Group Director of Community Development LendingBOSTON, MA, May 7, 2026 – Eastern Bank today announced a key leadership update within its Commercial Lending Team. Senior Vice President Yongmei Chen has been promoted to Commercial Group Director of Community Development Lending. She succeeds Pamela Feingold, who served in the role until her passing on...

BOSTON, MA, March 25, 2026 – Eastern Bank today announced that Jennifer Wambold, Senior Vice President of Total Rewards and Benefits, has been promoted to Executive Vice President, Chief People Officer and appointed to Eastern’s Management Committee. Ms. Wambold joined Eastern in 2025 to lead compensation, benefits and recognition strategies that support Eastern’s talent objectives. In her...

The 13‑story development will create 57 affordable rental units and 55 mixed‑income homeownership units for households in Mission HillBOSTON, MA, March 12, 2026 – Eastern Bank is pleased to announce financing for 775 Huntington Avenue, a new mixed-income residential development located in the Mission Hill neighborhood of Boston. Sponsored by Roxbury Tenants of Harvard (RTH), the project will create...

Ms. Bomster Brings More Than 25 Years Of Legal Experience In Trust & Estate Administration And Special Needs PlanningBOSTON, MA, March 4, 2026 – Eastern Bank is pleased to announce Judith L. Bomster, J.D., as a Senior Vice President, Senior Trust Officer with Cambridge Trust Wealth Management. Ms. Bomster brings more than...

Eastern Is Recognized As A Leader In LGBTQ+ Workplace Inclusion And EqualityBOSTON, MA, February 19, 2026 – Eastern Bank announced today that for the twelfth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2026 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to...