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BOSTON, MA, October 1, 2020 – Eastern Bankshares, Inc. (the “Company”), the proposed holding company for Eastern Bank, announced today that it concluded the offering period for the subscription offering of shares of its common stock on September 16, 2020 in connection with the pending conversion of Eastern Bank Corporation from the mutual to stock form of organization.  The Company expects to fill in full all valid subscription orders...

BOSTON, MA, August 18, 2020 – Eastern Bank announced today that Eastern Bankshares, Inc. (the “Company”), the proposed stock holding company of Eastern Bank, is commencing its stock offering in connection with Eastern’s conversion from the mutual holding company structure to the stock holding company form of organization. Eastern Bank also announced that the registration statement for the sale of the Company’s common stock has been declared...

Black and Brown executives and CEOs from both companies spearhead the $10 million dollar combined pledge, and encourage corporations both large and small across Massachusetts to give in the effort to raise more than $100 million BOSTON, July 22, 2020 – The New Commonwealth Racial Equity and Social Justice Fund today announced that Eastern Bank Charitable Foundation and the State Street Foundation have each pledged $5 million over five years,...

Conversion to Provide Additional Resources to Grow Customer Offerings, Accelerate New Business Opportunities & Better Serve Customers and Communities Eastern to Make Transformational Donation to Eastern Bank Charitable Foundation Giving it a 4% Equity Stake BOSTON, June 18, 2020 – Eastern Bank Corporation, the mutual holding company of Eastern Bank, today announced that its Board has unanimously approved a plan to convert to a fully...

BOSTON, MA, May 5, 2020 – Eastern Bank Charitable Foundation (EBCF), the philanthropic arm of Eastern Bank, today announced an additional $5 million philanthropic investment to help address the impact of COVID-19 in the communities it serves. This is in addition to the $3 million in relief announced by the Foundation in March 2020, bringing the total COVID-19 philanthropic financial support in the...

Funding Provides Additional Loans and Grants To Those Affected Locally BOSTON, MA, March 24, 2020 – Eastern Bank, America’s oldest and largest mutual bank, and Eastern Bank Charitable Foundation today announced over $10 million in funding to help offset the impact of the coronavirus in the communities it serves. Eastern Bank Charitable Foundation will target $3 million in financial...

Provides Full Banking Solution Including $15 Million Loan Facility For Working Capital BOSTON, MA, February 27, 2020 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce Rex Lumber Company as a new commercial banking customer. Founded in 1946, Rex Lumber is a third-generation, family-owned and -operated business distributing hardwood lumber with revenue between $50 and...

Is Also Named A Best Place To Work For LGBTQ Equality BOSTON, MA, February 6, 2020 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce that for the seventh consecutive year, it received a score of 100 percent on the Human Rights Campaign Foundation’s 2020 Corporate Equality Index (CEI), the nation’s...

She Is Selected By HR Leaders To Receive The Prestigious Human Resource Leadership Forum Bob Gatti HR Leadership Excellence Award Boston, MA, January 29, 2020 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to congratulate Nancy Huntington Stager, Chief Human Resources Officer and President and CEO of the Eastern Bank Charitable Foundation, for being selected by a panel...

Provides Full Banking Solution For Working Capital And Daily Financing Needs BOSTON, MA, December 19, 2019 – Eastern Bank, America’s oldest and largest mutual bank, is pleased to announce MacFarlane Energy, Inc. as a new commercial banking customer. Founded in 1946, MacFarlane Energy is a third-generation family owned and operated business providing heating oil and fuel, HVAC, air quality, and...