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Eastern Bankshares, Inc. Announces Agreement to Sell the Insurance Operations of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. and Enters Into Definitive Agreement to Merge with Cambridge Bancorp

September 19, 2023

Strategic Repositioning Strengthens Market Position as Greater Boston’s Leading Community Bank BOSTON, MA, September 19, 2023 – Eastern Bankshares, Inc. (“Eastern” or the “Company”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC (“Eastern Insurance”) today entered into a definitive agreement to sell its insurance operations to Arthur J.


Eastern Bank Provides Financing For LeClair Village Apartments, An Affordable Housing Development On Cape Cod

August 16, 2023

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...


Eastern Bank Welcomes New Members To Its Board Of Advisors And Board Of Ambassadors

August 10, 2023

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...


Eastern Bank Provides Financing For Raycon Construction, LLC’s Conversion To An Employee-Owned Company

July 11, 2023

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...


Eastern Bank Provides Financing For SPS New England, Inc.’s Conversion To An Employee-Owned Company

June 7, 2023

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...

2023 CAAs

Eastern Bank Foundation Convenes Safe and Affordable Housing Leaders From Across the Region for Recognition and Problem Solving

May 17, 2023

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...


Eastern Bank Launches Equity Alliance for Business, Further Advancing Growth Opportunities for Underrepresented Business Owners

March 9, 2023

Includes specialized and innovative credit solutions, and access to insights, mentoring and networking resources BOSTON, MA, March 9, 2023 – As part of its deep and long-standing commitment to drive greater economic inclusion and mobility, Eastern Bank is announcing today the launch of Equity Alliance for Business to further advance the growth of underrepresented business owners and...