Key Highlights: Merger creates $22 billion combined franchise and solidifies Eastern’s leading position in Boston and Eastern Massachusetts Financially compelling transaction with 55% EPS accretion on a fully synergized basis Eastern announces 33% increase to quarterly dividend BOSTON, MA & MEDFORD, MA, April 7, 2021 – Eastern Bankshares, Inc.
NATICK, MA, April 1, 2021 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the assets of the NorthBridge Insurance Agency, Inc., a full-service insurance agency located in Concord, MA.
Ms. Dean Has 35+ Years Of Operations Experience With Massachusetts Banking Institutions And Has Held Operations Roles At Eastern Since 2014 BOSTON, MA, March 25, 2021 – Eastern Bank is pleased to announce the promotion of Martha A. Dean to Executive Vice President of Operations. Ms. Dean’s versatile background spans operations, risk management, compliance and technology, among other areas.
Recognizing A Strong Early Childhood System Is Fundamental To A More Competitive Workforce, Massachusetts Companies Are Invited To Join The Growing Coalition BOSTON, MA, February 9, 2021 – Today, 70 Massachusetts CEOs and business leaders announced the launch of the Massachusetts Business Coalition for Early Childhood Education, a business coalition focused on early child care and education.
Eastern Is Also Designated As A Best Place To Work For LGBTQ Equality BOSTON, MA, February 4, 2021 – For the eighth consecutive year, Eastern Bank, including its Eastern Insurance Group subsidiary, is pleased to announce that it received a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate...
Please click here to read The Wall Street Journal's article, "There Was a Piece Missing—We Were All White’: One Bank Targets Racial Inequity", featuring Eastern Bank Chair and CEO Bob Rivers...
Millions In Additional Giving Announced For COVID-19 Relief BOSTON, MA, December 28, 2020 – Eastern Bank Charitable Foundation (EBCF), the philanthropic arm of Eastern Bank, today announced its annual community support is expected to exceed $22 million, an all-time high, by the end of 2020.
Security Alarm Lending Group Selected By Family-Owned Business For Full Banking Solution Including $10 Million Loan Facility For Working Capital BOSTON, MA, December 16, 2020 – Eastern Bank is pleased to announce Alarm Detection Systems, Inc. as a new commercial banking customer.
Provides Full Banking Solution Including $7.5 Million Loan Facility For Working Capital BOSTON, MA, December 14, 2020 – Eastern Bank is pleased to announce Curate Partners LLC and its subsidiaries Curate Partners LLC, II and Curate Insights, LLC as new asset based lending customers in its Commercial Banking Division.
BOSTON, MA, December 3, 2020 – Eastern Bank has been named by the U.S. Small Business Administration (SBA) as one of the top lenders to small businesses for SBA 7(a) and 504 loans. Eastern Bank ranked as the No. 1 U.S. Small Business Administration (SBA) lender in Massachusetts for the 12th consecutive year. Eastern is also the No.
