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Capstan Atlantic

Eastern Bank Provides Financing for Capstan Atlantic’s Conversion to an Employee-Owned Company

May 14, 2024

BOSTON, MA, May 14, 2024 – Eastern Bank is pleased to announce it has provided the financing to facilitate Capstan Atlantic’s conversion to an employee-owned company. Founded in 1956 and located in Wrentham, MA, Capstan Atlantic is an industry leading powder metal manufacturer producing complex gears, sprockets and structural components for the automotive industry and a wide...

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First-of-its-Kind ‘Business Growth Visibility Campaign’ in Massachusetts Launched by New Task Force to Support Diverse Entrepreneurs

April 19, 2024

  Initial cohort of 11 people of color, women, and LGBTQ-owned businesses to receive support for public relations and business contracting opportunities to spark accelerated, equitable growth BOSTON, MA  – The recently formed Business Growth Task Force today launched a regional first-of-its-kind ‘Business Growth Visibility Campaign’ to help level the playing field for entrepreneurs from traditionally underserved communities. The...

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Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer

March 6, 2024

Provides Capital To Support Future Business Growth BOSTON, MA, March 6, 2024 – Eastern Bank is pleased to announce global ground transportation company DPV Transportation, Inc. (DPV) as a new commercial banking customer. Headquartered in Everett, MA, DPV is the largest certified minority-owned ground transportation business in New England operating a fleet of...

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125 High Street HQ Redesignation Notice

February 29, 2024

NOTICE Eastern Bank, Boston, Massachusetts has petitioned the Massachusetts Division of Banks for permission to relocate its headquarters office located at 265 Franklin Street, Boston, MA 02110 to 125 High Street, Boston, MA 02119. Any objections or comments relative to this proposal must be communicated in writing to the Commissioner of Banks, Mary Gallagher, 1000 Washington Street, 10th Floor, Massachusetts 02118 or

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Eastern Bank Named #1 SBA Lender in Massachusetts for the 15th Year in a Row

December 12, 2023

BOSTON, MA, December 12, 2023 – Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) loans in Massachusetts for the 15th consecutive year. “Eastern is honored to be recognized once again by the Small Business Administration as a top lender to the small business community,” said Quincy Miller, Vice Chair and President...

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Eastern Bank Earns Top Score for 10th Consecutive Year in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

December 5, 2023

Eastern Is Recognized As A Leader In LGBTQ+ Workplace Inclusion And Equality BOSTON, MA, December 5, 2023 – Eastern Bank is pleased to announce that for the tenth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to...

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Eastern Bank Welcomes Avedis Zildjian Co. As A Commercial Banking Customer

November 15, 2023

Provides A Comprehensive Banking Solution To Support Oldest Family-Owned Business In The U.S. And Leading Musical Instrument Manufacturer BOSTON, MA, November 15, 2023 – Eastern Bank is pleased to announce Avedis Zildjian Co. (Zildjian), the oldest family-owned business in the United States and the world’s largest maker of cymbals, drumsticks and percussion...

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Eastern Bank Announces Two Promotions Within Its Management Committee As Part Of Planned And Long-Term Succession Planning

November 9, 2023

BOSTON, MA, November 9, 2023  – Eastern Bank is pleased to announce the promotions of two existing Management Committee Members following the October 2023 retirement of Daniel Sullivan, who served at Eastern for 27 years including most recently as Chief Credit Officer: Matthew A. Osborne has been promoted to Executive Vice President and Chief Credit Officer, and Gregory P. Buscone has been...