BOSTON, MA, September 4, 2024 – Following its recent merger with Cambridge Trust and as part of its enhanced focus on product development, wealth management and private banking, Eastern Bank is pleased to announce that Executive Vice President Sujata Yadav has been named Chief Product Officer, and several former Cambridge Trust leaders have been named to the following roles at Eastern Bank:...
BOSTON, MA, August 28, 2024 – Cambridge Trust Wealth Management, a Division of Eastern Bank, is pleased to announce Ryan Hanna has been promoted to Chief Investment Officer. Mr. Hanna has spent his entire career with Cambridge Trust Wealth Management, bringing more than 25 years of experience in equity markets. He most recently served as Deputy...
BOSTON, MA, July 31, 2024 – Eastern Bank is pleased to announce it has been recognized by Disability:IN as a top-scoring business in the Disability Equality Index® and as a 2024 Best Place to Work for Disability Inclusion. The Disability Equality Index is a joint initiative of Disability:IN and The American Association of People with Disabilities, and is acknowledged today as the most robust...
Eastern Bank Surpasses $25 Billion In Assets BOSTON, MA, July 15, 2024 – Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, today announced the closing of its merger with Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company (the “Merger”). The all-stock transaction was originally announced on September 19, 2023. “We are excited to...
BOSTON, MA, July 1, 2024 – Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of four members of Cambridge Bancorp’s (NASDAQ: CATC) (“Cambridge”) Board of Directors to the Eastern and Eastern Bank Boards of Directors (together, the “Eastern Boards of Directors" or the “Eastern Boards”) effective upon the closing of the companies’ pending Merger...
Mr. Jones Specializes in Non-Profit Finance, Including Tax-Exempt Bond Financing BOSTON, MA, June 27, 2024 – Eastern Bank is pleased to welcome Erik Jones as a Senior Vice President, Community Development Lending Team Leader. Mr. Jones brings deep experience in lending for a broad array of corporate and tax-exempt organizations in the healthcare, education, human services and...
Mr. Alberghini Brings Over 14 Years of Middle Market Lending Experience With A Focus On Family-Owned Businesses BOSTON, MA, June 10, 2024 – Eastern Bank is pleased to welcome Joseph Alberghini as a Senior Vice President, Commercial Banking Team Leader. Mr. Alberghini brings deep experience in lending to the Middle Market with a particular focus on family-owned businesses. “We are...
BOSTON, MA, May 28, 2024 – Eastern Bankshares, Inc. (“Eastern”) (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, and Cambridge Bancorp (NASDAQ: CATC) (“Cambridge”), the parent company of Cambridge Trust Company, today jointly announced they have received all necessary regulatory approvals to complete their proposed merger (the “Merger”), which was previously announced on September 19, 2023. The Merger is...
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...
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...
