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Eastern Bankshares, Inc. Appoints Marisa J. Harney And Linda M. Williams To Its Board Of Directors

October 30, 2023

New Directors Bring Extensive Banking, Risk Management and Audit Experience BOSTON, MA, October 30, 2023 – Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of Marisa J. Harney and Linda M. Williams to its Board of Directors effective immediately. They have also each been appointed to the Audit and Risk Management...

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Eastern Bankshares, Inc. Recognized With The 2023 NACD Diversity, Equity & Inclusion Awards’ Public Company – Small Cap Category

October 12, 2023

Award Recognizes Exemplary Practices Related to Diversity, Equity & Inclusion BOSTON, MA, October 12, 2023 – Eastern Bankshares, Inc., the stock holding company for Eastern Bank, announced today it has been recognized with the 2023 NACD Diversity, Equity & Inclusion Awards’ Public Company – Small Cap Category. The annual award recognizes boards that have improved their governance and created long-term value for...

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Eastern Bankshares, Inc. Announces Agreement to Sell the Insurance Operations of Eastern Insurance Group, LLC to Arthur J. Gallagher & Co. and Enters Into Definitive Agreement to Merge with Cambridge Bancorp

September 19, 2023

Strategic Repositioning Strengthens Market Position as Greater Boston’s Leading Community Bank BOSTON, MA, September 19, 2023 – Eastern Bankshares, Inc. (“Eastern” or the “Company”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC (“Eastern Insurance”) today entered into a definitive agreement to sell its insurance operations to Arthur J.

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Eastern Bank Provides Financing For LeClair Village Apartments, An Affordable Housing Development On Cape Cod

August 16, 2023

The three-building complex in Mashpee will feature 39 affordable rental units designed to serve low- and moderate-income households BOSTON, MA, August 16, 2023 – Eastern Bank is pleased to announce its financing for the development of the LeClair Village Apartments, in Mashpee, MA. Scheduled to open in 2025, LeClair Village will feature 39 affordable rental units designed to serve...

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Eastern Bank Welcomes New Members To Its Board Of Advisors And Board Of Ambassadors

August 10, 2023

Members serve as community ambassadors and business leaders in the communities Eastern serves BOSTON, MA, August 10, 2023 – Eastern Bank is pleased to announce the election of six local community and business leaders to its Board of Advisors and Board of Ambassadors. The newly elected Advisors are: - Daniel Rivera, President and CEO, MassDevelopment - Andrea Silbert, President, the Eos...

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Eastern Bank Provides Financing For Raycon Construction, LLC’s Conversion To An Employee-Owned Company

July 11, 2023

BOSTON, MA, July 11, 2023 – Eastern Bank is pleased to announce it has provided the financing to facilitate Raycon Construction, LLC’s sale of 100% of its stock to a newly formed Employee Stock Ownership Plan (ESOP). Founded in 2007, Raycon Construction is one of the largest privately-owned concrete construction contractors in the Northeast. Eastern Bank is also providing a...

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Eastern Bank Provides Financing For SPS New England, Inc.’s Conversion To An Employee-Owned Company

June 7, 2023

BOSTON, MA, June 7, 2023 – Eastern Bank is pleased to announce its financing for SPS New England, Inc.’s (SPS New England) conversion to an employee-owned company. Founded in 1984, SPS New England is a bridge, highway, transit and marine contractor providing construction, bridge repair and design-build services to municipal and state clients throughout New England. After...