Newsroom

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Joseph Alberghini Joins Eastern Bank As Senior Vice President, Commercial Banking Team Leader

June 10, 2024

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...

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Eastern Bankshares, Inc. And Cambridge Bancorp Announce Regulatory Approvals Received To Merge

May 28, 2024

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...

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Eastern Bank Provides Financing for Capstan Atlantic’s Conversion to an Employee-Owned Company

May 14, 2024

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...

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First-of-its-Kind ‘Business Growth Visibility Campaign’ in Massachusetts Launched by New Task Force to Support Diverse Entrepreneurs

April 19, 2024

  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...

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Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer

March 6, 2024

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...

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125 High Street HQ Redesignation Notice

February 29, 2024

NOTICE Eastern Bank, Boston, Massachusetts has petitioned the Massachusetts Division of Banks for permission to relocate its headquarters office located at 265 Franklin Street, Boston, MA 02110 to 125 High Street, Boston, MA 02119. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, Mary Gallagher, 1000 Washington Street, 10th Floor, Massachusetts 02118 or

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Eastern Bank Named #1 SBA Lender in Massachusetts for the 15th Year in a Row

December 12, 2023

BOSTON, MA, December 12, 2023 – Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) loans in Massachusetts for the 15th consecutive year. “Eastern is honored to be recognized once again by the Small Business Administration as a top lender to the small business community,” said Quincy Miller, Vice Chair and President...

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Eastern Bank Earns Top Score for 10th Consecutive Year in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

December 5, 2023

Eastern Is Recognized As A Leader In LGBTQ+ Workplace Inclusion And Equality BOSTON, MA, December 5, 2023 – Eastern Bank is pleased to announce that for the tenth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to...