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Eastern Bankshares, Inc. Announces Completion Of Mutual To Stock Conversion And Stock Offering

October 14, 2020

Boston, MA, October 14, 2020 – Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the holding company for Eastern Bank, announced that today it has completed the mutual-to-stock conversion of Eastern Bank Corporation and the offering of common stock of the Company. The results of the stock offering were previously reported in a press release dated October 9, 2020. The Company sold...

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Eastern Bankshares, Inc. Announces Receipt of Regulatory Approvals, Closing Date of Conversion and Final Results of Stock Offering

October 9, 2020

BOSTON, MA, October 9, 2020 – Eastern Bankshares, Inc. (the “Company”), a Massachusetts corporation and the proposed holding company for Eastern Bank, announced today that it has received all required regulatory approvals and intends to close the mutual-to-stock conversion of Eastern Bank Corporation and the subscription offering of common stock of the Company on October 14, 2020. The Company also announced that it intends to sell 179,287,828...

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Eastern Bankshares, Inc. Announces Preliminary Subscription Offering Results

October 1, 2020

BOSTON, MA, October 1, 2020 – Eastern Bankshares, Inc. (the “Company”), the proposed holding company for Eastern Bank, announced today that it concluded the offering period for the subscription offering of shares of its common stock on September 16, 2020 in connection with the pending conversion of Eastern Bank Corporation from the mutual to stock form of organization.  The Company expects to fill in full all valid subscription orders...

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Eastern Bank Announces Commencement Of Stock Offering

August 18, 2020

BOSTON, MA, August 18, 2020 – Eastern Bank announced today that Eastern Bankshares, Inc. (the “Company”), the proposed stock holding company of Eastern Bank, is commencing its stock offering in connection with Eastern’s conversion from the mutual holding company structure to the stock holding company form of organization. Eastern Bank also announced that the registration statement for the sale of the Company’s common stock has been declared...

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The New Commonwealth Racial Equity And Social Justice Fund Announces Multi-Million Dollar Contributions From Eastern Bank Charitable Foundation And State Street Foundation

July 22, 2020

Black and Brown executives and CEOs from both companies spearhead the $10 million dollar combined pledge, and encourage corporations both large and small across Massachusetts to give in the effort to raise more than $100 million BOSTON, July 22, 2020 – The New Commonwealth Racial Equity and Social Justice Fund today announced that Eastern Bank Charitable Foundation and the State Street Foundation have each pledged $5 million over five years,...

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Eastern Bank Announces Plan For Conversion Into Public Company

June 18, 2020

Conversion to Provide Additional Resources to Grow Customer Offerings, Accelerate New Business Opportunities & Better Serve Customers and Communities Eastern to Make Transformational Donation to Eastern Bank Charitable Foundation Giving it a 4% Equity Stake BOSTON, June 18, 2020 – Eastern Bank Corporation, the mutual holding company of Eastern Bank, today announced that its Board has unanimously approved a plan to convert to a fully...

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Eastern Bank Charitable Foundation Increases Its COVID-19 Response To $8 Million

May 5, 2020

BOSTON, MA, May 5, 2020 – Eastern Bank Charitable Foundation (EBCF), the philanthropic arm of Eastern Bank, today announced an additional $5 million philanthropic investment to help address the impact of COVID-19 in the communities it serves. This is in addition to the $3 million in relief announced by the Foundation in March 2020, bringing the total COVID-19 philanthropic financial support in the...

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Eastern Bank Commits Over $10 Million To Aid Individuals And Families, Small Businesses, And Nonprofit Organizations Impacted By The Coronavirus (COVID-19) Crisis

March 24, 2020

Funding Provides Additional Loans and Grants To Those Affected Locally BOSTON, MA, March 24, 2020 – Eastern Bank, America’s oldest and largest mutual bank, and Eastern Bank Charitable Foundation today announced over $10 million in funding to help offset the impact of the coronavirus in the communities it serves. Eastern Bank Charitable Foundation will target $3 million in financial...

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Eastern Bank Welcomes Rex Lumber Company As A Commercial Banking Customer

February 27, 2020

Provides Full Banking Solution Including $15 Million Loan Facility For Working Capital BOSTON, MA, February 27, 2020 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce Rex Lumber Company as a new commercial banking customer. Founded in 1946, Rex Lumber is a third-generation, family-owned and -operated business distributing hardwood lumber with revenue between $50 and...