Newsroom

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Eastern Bank Welcomes New Members To Its Board of Advisors and Board of Ambassadors

May 20, 2022

Members serve as community ambassadors in the communities Eastern serves BOSTON, MA, May 20, 2022 – Eastern Bank is pleased to announce the election of five local community and business leaders to its Board of Advisors and Board of Ambassadors. The newly elected Advisors are: - Carolina Alarco, Founder and Principal, Bio Strategy Advisors LLC, and - Michael A. Curry, Esq., President and CEO,...

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Eastern Bank Welcomes Leading Mechanical Industry Supplier Charles D. Sheehy, Inc. As A Commercial Customer

April 14, 2022

Provides Financing For Working Line Of Credit, Term Loan And Commercial Real Estate Mortgage BOSTON, MA, April 14, 2022 – Eastern Bank is pleased to announce Charles D. Sheehy, Inc. (Sheehy) as a new commercial banking customer. Founded in 1951, Sheehy is a fourth-generation, privately-owned supplier of pipes, valves, fittings and mechanical products serving the contracting industry in...

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Eastern Bank Welcomes Boston Battery LLC As An Asset Based Lending Customer

March 31, 2022

Provides $8 Million Of Financing For Working Capital, Real Estate And Equipment BOSTON, MA, March 31, 2022 – Eastern Bank is pleased to announce Boston Battery LLC as a new asset based lending customer. Boston Battery is an independent, locally owned wholesale distributor of Interstate Batteries, North America’s market leading automotive battery brand for over 60 years. Boston Battery serves the...

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Eastern Bank Announces Appointments To Its Management Committee

March 24, 2022

BOSTON, MA, March 24, 2022 – Eastern Bank is pleased to announce the following appointments to its Management Committee: Gregory P. Buscone, Executive Vice President, Senior Commercial Banking Officer; Martha A. Dean, Executive Vice President and Senior Operations Director; Timothy J. Lodge, President and CEO of Eastern Insurance Group LLC; Matthew A. Osborne, Executive Vice President, Senior...

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Eastern Bank Welcomes Landry’s Bicycles As A Commercial Customer

March 17, 2022

Provides Financing For Conversion To A 100% Employee-Owned Company And Ongoing Working Capital Needs BOSTON, MA, March 17, 2022 – Eastern Bank is pleased to announce Landrys, Inc. (Landry’s Bicycles) as a new commercial banking customer. Founded in 1922, Landry’s Bicycles is rated as one of "America's Best Bike Shops" by the National Bicycle Dealers Association and operates eight full...

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Eastern Bank Welcomes Work ‘N Gear As An Asset Based Lending Customer

March 10, 2022

Provides $8 Million Of Financing For Working Capital BOSTON, MA, March 10, 2022 – Eastern Bank is pleased to announce Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling various kinds of work apparel, footwear and...

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Eastern Bank-Needham Bank Transaction Notice

February 9, 2022

THE COMMONWEALTH OF MASSACHUSETTS Division of Banks NEEDHAM BANK, Needham, Massachusetts has petitioned the Commissioner of Banks for approval to purchase certain assets and assume certain liabilities of EASTERN BANK, Boston, Massachusetts. Under the terms of a Purchase and Assumption Agreement, NEEDHAM BANK will acquire certain assets and assume certain liabilities which relate primarily to the deposits of cannabis-related business and...