Provides Full Banking Solution Including A Loan Facility For Working Capital BOSTON, MA, November 18, 2020 – Eastern Bank is pleased to announce Alarm New England as a new commercial banking customer. Founded in 1972, Alarm New England is a family owned and operated provider of innovative security solutions and technology. Eastern is providing banking solutions to meet Alarm New England’s...
BOSTON, MA, November 10, 2020 – Eastern Bank Charitable Foundation is pleased to announce it has honored Robert Lewis, Jr., the Founder and President of The BASE, with the 2020 Social Justice Award. Now in its 32nd year, the award recognizes community leaders who have made an outstanding impact in addressing critical social justice issues. A social...
Nancy Huntington Stager Moving Full-Time Into Her Role As President And Chief Executive Officer Of The Eastern Bank Charitable Foundation General Counsel and Corporate Secretary Kathleen C. Henry Adding Responsibility Of Chief Human Resources Officer BOSTON, MA, October 30, 2020 – Eastern Bank, a provider of banking, insurance and investment products and services, announced today that Nancy Huntington Stager will be moving full...
NATICK, MA, October 21, 2020 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it acquired the assets of the Auburn Insurance Agency, Inc., a full-service, family-owned insurance agency based in Massachusetts. Founded in 1982 by President Janice Ryan, Auburn Insurance specializes in complex commercial insurance coverage program placement and management. The agency is supported by Austin Ryan, and...
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...
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...
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...
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...
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,...
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...
