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The Western Avenue Studios & Lofts, one of the largest live/work artist communities in the country, will be preserved and provide affordable housing Boston, MA, June 15, 2022 – Eastern Bank is pleased to announce a $14 million loan to the Arts & Business Council of Greater Boston for its landmark purchase of the Western Avenue Studios & Lofts (WASL) in Lowell, MA. The WASL complex includes 240,000 square feet of space, 250 work...

The business association works to create a more sustainable and fair world with business as a vehicle for social, environmental and economic change BOSTON, MA, June 9, 2022 – Eastern Bank Foundation is pleased to announce the Sustainable Business Network of Massachusetts (SBN) as a 2022 Community Advocacy Award honoree for its work to cultivate a strong, local business...

Provides $7.5 Million Of Working Capital Financing to Support Growth BOSTON, MA, June 7, 2022 – Eastern Bank is pleased to announce Asian Atlantic Industries, LLC (AAI) as a new asset-based lending customer. Founded in 1998 by CEO Tom Mahoney, AAI is a global supplier of electronic components and semiconductors. Headquartered in...

One of the first CDFIs in the United States brings greater equity to New Hampshire's economy  BOSTON, MA, June 2, 2022 – Eastern Bank Foundation is pleased to announce the New Hampshire Community Loan Fund (the “Community Loan Fund”) as a 2022 Community Advocacy Award honoree for its pioneering efforts in providing loans, capital, training and technical assistance...

Greater Boston's non-profit food incubator is building a new food economy grounded in racial, social and economic justice  BOSTON, MA, May 24, 2022 – Eastern Bank Foundation is pleased to announce CommonWealth Kitchen (“CWK”) as a 2022 Community Advocacy Award honoree for its leadership in investing in BIPOC and women entrepreneurs who are starting and...

Members serve as community ambassadors in the communities Eastern serves BOSTON, MA, May 20, 2022 – Eastern Bank is pleased to announce the election of five local community and business leaders to its Board of Advisors and Board of Ambassadors. The newly elected Advisors are: - Carolina Alarco, Founder and Principal, Bio Strategy Advisors LLC, and - Michael A. Curry, Esq., President and CEO,...

Provides Financing For Working Line Of Credit, Term Loan And Commercial Real Estate Mortgage BOSTON, MA, April 14, 2022 – Eastern Bank is pleased to announce Charles D. Sheehy, Inc. (Sheehy) as a new commercial banking customer. Founded in 1951, Sheehy is a fourth-generation, privately-owned supplier of pipes, valves, fittings and mechanical products serving the contracting industry in...

Provides $8 Million Of Financing For Working Capital, Real Estate And Equipment BOSTON, MA, March 31, 2022 – Eastern Bank is pleased to announce Boston Battery LLC as a new asset based lending customer. Boston Battery is an independent, locally owned wholesale distributor of Interstate Batteries, North America’s market leading automotive battery brand for over 60 years. Boston Battery serves the...

BOSTON, MA, March 24, 2022 – Eastern Bank is pleased to announce the following appointments to its Management Committee: Gregory P. Buscone, Executive Vice President, Senior Commercial Banking Officer; Martha A. Dean, Executive Vice President and Senior Operations Director; Timothy J. Lodge, President and CEO of Eastern Insurance Group LLC; Matthew A. Osborne, Executive Vice President, Senior...

Public servant and nonprofit leader joins Eastern Bank Foundation from the City of Boston’s Office of Economic Opportunity & Inclusion where she was Director of Small Business BOSTON, MA, March 21, 2022 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, is pleased to announce...