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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...

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Eastern Bank Earns 100 for 9th Consecutive Year in Human Rights Campaign Foundation’s 2022 Corporate Equality Index

January 31, 2022

Eastern Is Recognized As A Best Place To Work For LGBTQ+ Equality Boston, MA, January 31, 2022 – Eastern Bank is pleased to announce that for the ninth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace...

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As Part of Succession Planning, Eastern Insurance Group LLC Announces Promotion of Timothy J. Lodge to President and CEO Effective January 1, 2022

January 20, 2022

Outgoing President and CEO John Koegel Will Continue as a Consultant NATICK, MA, January 20, 2022 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, is pleased to announce the promotion of Timothy J. Lodge to President and CEO of Eastern Insurance as part of its succession planning. John Koegel has retired from his role as...

Eastern Bank Foundation

Eastern Bank Foundation Announces Latest Support For COVID-19 Relief To Help Address Food Insecurity Across Massachusetts and New Hampshire

December 21, 2021

BOSTON, MA, December 21, 2021 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, has announced an additional $280,000 in COVID-19 support to address issues of food insecurity across Massachusetts and New Hampshire. Fifty-six organizations working to break the cycle of hunger – community-by-community –...

Eastern Bank Named #1 SBA Lender in Massachusetts for the 13th Year in a Row

Eastern Bank Named #1 SBA Lender in Massachusetts for the 13th Year in a Row

December 15, 2021

BOSTON, MA, December 15, 2021 – Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) and 504 loans in Massachusetts for the 13th consecutive year. “This past year has continued to be an extraordinary time of ensuring small businesses get access to the capital they need to start, stabilize and grow, and we are...

The GEM Group, Inc.

Eastern Bank Welcomes The GEM Group, Inc. As An Asset Based Lending Customer

October 13, 2021

Provides Financing for Working Capital and Real Estate BOSTON, MA, October 13, 2021 – Eastern Bank is pleased to announce The GEM Group, Inc. as a new asset based lending customer. Founded in 1958, The GEM Group, which goes to market under the brand name Gemline, is an award-winning supplier of high-quality branded products to the promotional products industry. Headquartered in Lawrence...