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...
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...
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...
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 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...
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...
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...
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
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...
71,000 square-foot mixed use condominium property being developed PORTSMOUTH, NH, February 21, 2019 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce that its Commercial Real Estate team is leading a $20 million construction loan for Portsmouth-based developer Stephen Kelm to build a 71,000 square-foot mixed use condominium property at 46-64 Maplewood Avenue...
