Newsroom

Copperworks Condominiums

Eastern Bank Leads $11 Million Construction Loan For Thorndike Development

August 8, 2019

Copperworks is an elegant three-story boutique condominium community transforming the historical Paul Revere Heritage Site in Canton, MA BOSTON, MA, August 8, 2019 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce an $11 million construction loan to award-winning developer Thorndike Development (Thorndike) for ground-up construction of the

Walk-in health care clininc for veterans in Somersworth, NH

Eastern Bank Leads $2.5 Million Construction Loan For Summit Land Development

August 1, 2019

New 8,500 square-foot construction property in Somersworth, NH will be a walk-in health care clinic for veterans  DOVER, NH, August 1, 2019 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce a $2.5 million construction loan to Dover-based developer Summit Land Development (Summit) for ground-up construction of an 8,500 square-foot building at 5 Terrascape...

Architect's Rendered Drawing of Building by Arista Development, LLC

Eastern Bank Announces Latest Construction Loans for Arista Development, LLC

July 24, 2019

BOSTON, July 24, 2019 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce three construction loans totaling more than $8 million to Norwood-based developer Arista Development, LLC (Arista) for ground-up construction of free standing retail properties in Framingham, MA, Bedford, NH, and Providence, RI. Founded in 2003 and a customer of Eastern Bank since 2006, Arista...

Photograph of Bob Rivers, Ray Hammond, Gloria White-Hammond, and Quincy Miller

Pastors Ray Hammond and Gloria White-Hammond Honored With Community Advocacy Awards

July 1, 2019

Co-Founders of Bethel AME Church Recognized for More Than 30 Years of Social Justice Advocacy Focused on Issues Affecting High-Risk Youth and Violence Prevention, and Victims of Sexual Trauma BOSTON, July 1, 2019 – Eastern Bank, America’s oldest and largest mutual bank, honored Rev. Dr. Ray Hammond and Rev. Dr. Gloria White-Hammond of Bethel African Methodist Episcopal (AME) Church with...

Good Unites

Eastern Bank’s Support of the LGBTQ Community Receives National and Local Recognition

May 23, 2019

For the Sixth Consecutive Year, Eastern Bank Earns 100 Percent on Human Rights Campaign Foundation’s Annual Scorecard on LGBTQ Workplace Equality, and Designation as a Best Place to Work for LGBTQ Workplace Equality Eastern is also recognized by the Boston Business Journal with its Corporate Ally Award Eastern Chair and CEO Bob Rivers is recognized by Greater Boston PFLAG with its Inspired Ally Award BOSTON, May 23, 2019 – As...

Eastern Bank Join Us For Good

Eastern Bank Welcomes Koopman Lumber Company, Inc. As A Commercial Banking Customer

April 5, 2019

Eastern Provides Full Banking Solution Including $20 Million Loan Facility For Working Capital BOSTON, April 5, 2019 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce Koopman Lumber Company, Inc. as a new commercial banking customer. Founded in 1939, Koopman Lumber is a third-generation family owned and operated business serving contractors, remodelers, and...

Eastern Bank Join Us For Good

Eastern Bank Announces Executive Leadership Promotions

March 28, 2019

Gregory P. Buscone and Matthew A. Osborne Promoted to Executive Vice President BOSTON, March 28, 2019 – Eastern Bank, America’s oldest and largest mutual bank, today announced that Gregory P. Buscone and Matthew A. Osborne have been promoted to Executive Vice President, Senior Commercial Banking Officer. Both are also members of Eastern’s Commercial Credit Committee. Both will continue report to...

Eastern Bank 2014-2018 Net Income

Eastern Bank Corporation Announces Record 2018 Financial Results

March 18, 2019

Net Income, Total Assets, Loans, Deposits, Insurance, Wealth Management and Capital All Reach New Highs for Second Consecutive Year BOSTON, March 18, 2019 – Eastern Bank, America’s oldest and largest mutual bank, today announced record financial performance in 2018, following record financial performance in 2017. Annual net income in 2018 was $122.7 million, more than 40 percent above last year’s...

Cohort 1 Participating Enterprises With BEI Leadership

The Foundation for Business Equity Recognizes The First Participating Enterprises In Its Business Equity Initiative (BEI) Program

March 8, 2019

Results Demonstrate Growth In Businesses That Have Faced Systemic Challenges To Scale BOSTON – March 8, 2019 – The Foundation for Business Equity (FBE), a Boston-based nonprofit working to close the wealth gap, is pleased to recognize the first 10 local enterprises of color that have completed the Business Equity Initiative (BEI) program. According to the

John Brodrick, Eastern Bank Director of Mortgage Banking and MMBA 2019 Chair

John Brodrick, Eastern Bank Director of Mortgage Banking, Elected 2019 Chair of The Massachusetts Mortgage Bankers Association (MMBA)

February 28, 2019

BOSTON – February 28, 2019 – At the January 24, 2019 Annual Dinner & Installation of Officers for the Massachusetts Mortgage Bankers Association (MMBA), Eastern Bank is pleased to announce that John Brodrick, Eastern Bank Director of Mortgage Banking, was installed as 2019 Chair of the MMBA. An active member of the MMBA for 10 years, John is also a member of its Executive Committee and has 30 years...