Provides Financing For Conversion To A 100% Employee-Owned Company And Ongoing Working Capital Needs BOSTON, MA, March 17, 2022 – Eastern Bank is pleased to announce Landrys, Inc. (Landry’s Bicycles) as a new commercial banking customer. Founded in 1922, Landry’s Bicycles is rated as one of "America's Best Bike Shops" by the National Bicycle Dealers Association and operates eight full...
Provides $8 Million Of Financing For Working Capital BOSTON, MA, March 10, 2022 – Eastern Bank is pleased to announce Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling various kinds of work apparel, footwear and...
NATICK, MA, March 7, 2022 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, announced today that it has acquired the operating assets of Michals Insurance Agency, Inc, a full-service insurance agency located in Watertown, MA. The transaction is effective March 1, 2022 and marks the 35th acquisition of an independent insurance agency...
THE COMMONWEALTH OF MASSACHUSETTS Division of Banks NEEDHAM BANK, Needham, Massachusetts has petitioned the Commissioner of Banks for approval to purchase certain assets and assume certain liabilities of EASTERN BANK, Boston, Massachusetts. Under the terms of a Purchase and Assumption Agreement, NEEDHAM BANK will acquire certain assets and assume certain liabilities which relate primarily to the deposits of cannabis-related business and...
Eastern Is Recognized As A Best Place To Work For LGBTQ+ Equality Boston, MA, January 31, 2022 – Eastern Bank is pleased to announce that for the ninth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace...
Outgoing President and CEO John Koegel Will Continue as a Consultant NATICK, MA, January 20, 2022 – Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, is pleased to announce the promotion of Timothy J. Lodge to President and CEO of Eastern Insurance as part of its succession planning. John Koegel has retired from his role as...
BOSTON, MA, December 21, 2021 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, has announced an additional $280,000 in COVID-19 support to address issues of food insecurity across Massachusetts and New Hampshire. Fifty-six organizations working to break the cycle of hunger – community-by-community –...
BOSTON, MA, December 15, 2021 – Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) and 504 loans in Massachusetts for the 13th consecutive year. “This past year has continued to be an extraordinary time of ensuring small businesses get access to the capital they need to start, stabilize and grow, and we are...
Executive Director of La Colaborativa honored for raising awareness about and addressing the gross inequities in our safety net systems BOSTON, MA, November 22, 2021 – Eastern Bank Foundation, the philanthropic arm of Boston-based Eastern Bank, is pleased to announce it has honored Gladys Vega, Executive Director of
Each COVID-19 Warrior is at the forefront of addressing inequities exacerbated by the pandemic BOSTON, MA, November 4, 2021 – Eastern Bank Foundation is pleased to announce its 2021 Community Advocacy Award honorees, recognizing nonprofit organizations addressing inequities exacerbated by the pandemic in the communities Eastern serves, including Cape Cod, Greater...
