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Press Release 

Eastern Bank honors “Community Quarterbacks” with $1 million in grants
CEO Rich Holbrook and former quarterback Doug Flutie award 61 Massachusetts non-profit organizations through the Eastern Bank Charitable Foundation
 
BOSTON, March 25, 2008 – Eastern Bank today honored 61 non-profit organizations with $1 million in grants for their outstanding community leadership at its 4th Annual “Community Quarterback” award ceremony today.  Among them were six organizations that received “surprise” grants of $10,000 each to prevent youth violence in the city of Boston. The number of honorees and the total amount awarded to them are the largest since the honor was created in 2005.

Chairman and CEO Richard E. Holbrook and former quarterback Doug Flutie, the bank’s spokesman, honored the organizations before more than 100 guests during a ceremony at the headquarters of Boston-based Citizen Schools, which was also one of the organizations recognized during the event. Each of the 61 organizations received a grant of $10,000 or more from the Eastern Bank Charitable Foundation.

The grants were among the almost $3 million donated last year to hundreds of organizations by the Eastern Bank Charitable Foundation. Each “Community Quarterback” recipient honored at the ceremony received a “Community Quarterback” football autographed by Flutie, celebrating and symbolizing its leadership.

“Massachusetts is a great place to work and live,” Holbrook said.  “There are many reasons for its excellence, and among them is the work being done by outstanding organizations and people, like the ones we are honoring here today.  It is my pleasure to recognize and reward their dedication to improving the quality of life in our communities.  The leadership and commitment to helping others that ‘Community Quarterback’ organizations demonstrate is an inspiration to us at Eastern Bank.”

Among the organizations receiving grants were six that received grants of $10,000 each to support programs aimed at preventing youth violence: Boston Urban Youth Foundation, Center for Teen Empowerment, Family Service of Greater Boston, Hyde Square Task Force, Louis D. Brown Peace Institute and Peace Games, Inc.   Flutie said, “I’m proud to partner with Eastern Bank.  Not only does Eastern give back to the community, but also it recognizes people and organizations that do the same.  Over the years, the Community Quarterback event has become one of my favorites, because I get to partner with Rich Holbrook and shake the hands of dedicated individuals whose organizations truly make a difference each and every day.”

The primary focus of the Eastern Bank Charitable Foundation is to support local organizations that provide basic human services to residents of eastern Massachusetts. The organizations honored today are located in communities throughout eastern Massachusetts, from the Merrimack Valley to Cape Cod. While the types of organizations honored by the foundation vary greatly, the grant recipients generally provide services in the following areas: affordable housing, homelessness prevention, job readiness, family and children, human services and community healthcare.

“Each organization honored today exemplifies the spirit of the Eastern Bank Charitable Foundation by contributing, in a meaningful way, to the health and vitality of the communities served by Eastern Bank,” said Holbrook.

The 2007 Community Quarterback recipients are:

 Arc of East Middlesex (EMARC), Reading, $15,000 Hyde Square Task Force, Jamaica Plain, $10,000
Asian American Civic Association, Boston, $25,000 KIPP Academy, Lynn, $10,000
Boston Childrens Chorus, Boston, $10,000 Living Independently Forever, Hyannis, $10,000
Boston Earned Income Tax Credit Coalition, Boston, $10,000 Louis D. Brown Peace Institute, Dorchester, $10,000
Boston Urban Youth Foundation, Boston, $10,000 MAB Community Services, Brookline, $10,000
Boys & Girls Club Of Greater Salem, Salem, $50,000 Marian Court College, Swampscott, $18,000
Bridge Over Troubled Waters, Braintree, $10,000 Massachusetts Adoption Resource Exchange, Inc., Boston, $10,000
Brockton Neighborhood Health Center, Inc., Brockton, $15,000 MissionWorks, Boston, $10,000
Buzzards Bay Area Habitat for Humanity, Wareham, $15,000 New England Sinai Hospital Foundation, Stoughton, $30,000
Camp Harbor View Foundation, Boston, $20,000 NOAH, East Boston, $10,000
Cape Cod Challenger Club, Sandwich, $10,000 One Family, Inc., Boston, $10,000
CAST, Inc., Wakefield, $15,000 Peace Games, Inc., Boston, $10,000
Center for Teen Empowerment, Inc., Boston, $10,000 Quincy Asian Resources, Inc., Quincy, $10,000
Chip's House, Centerville, $10,000 Quincy College Trust, Inc., Quincy, $10,000
Citizen Schools, Inc., Boston, $15,000 REACH Beyond Domestic Violence, Inc., Waltham, $10,000
City School, Dorchester, $10,000 Road To Responsibility, Marshfield, $10,000
Community Servings, Roxbury, $10,000 Roca, Inc., Chelsea, $15,000
Community Teamwork, Lowell, $10,000 South Shore Elder Services, Inc., Braintree, $10,000
Cotting School, Lexington, $40,000 Roxbury Community College Foundation, Roxbury, $25,000
Dimock Community Health Center, Roxbury, $25,000 Saint Francis House, Boston, $10,000
Duxbury Bay Maritime School, Duxbury, $15,000 Salem State College, Salem, $50,000
Fair Housing Center of Greater Boston, Boston, $10,000 South Boston Neighborhood House, South Boston, $10,000
Family Service of Greater Boston, Jamaica Plain, $10,000 St. Mary's Women and Childrens Center, Dorchester, $10,000
FCD Educational Services, Newton, $10,000 Supportive Living, Inc., Woburn, $15,000
Fitch Home, Melrose, $15,000 United South End Settlements, Boston, $10,000
Friends of the Sharon Council of Aging, Sharon, $16,200 Walker Home for Children, Needham, $20,000
Girls Incorporated, Lynn, $50,000 Walnut Street Center, Somerville, $15,000
Handi Kids, Bridgewater, $10,000 Windrush Farm, Boxford, $10,000
Health Care for All, Boston, $10,000 Work, Inc., Quincy, $75,000
Hockomock YMCA, North Attleboro, $10,000 YMCA of Cape Cod, West Barnstable, $30,000
House of Possibilities, Inc., Quincy, $15,000

About Eastern Bank Corporation
Founded in 1818 and based in Boston, Eastern Bank is the largest independent, mutually owned commercial banking franchise in New England.  With $6.8 billion in assets and 74 branches stretching from Merrimack Valley to Cape Cod, Eastern offers superior service, convenience and a full range of financial products for consumers, businesses, investors, government agencies and not-for-profit organizations.  Its subsidiaries include Eastern Insurance and Fantini & Gorga, a real estate advisory firm.

For more information, contact: Andrew Ravens, Public Relations, Eastern Bank,(781) 598-8528, or e-mail Andrew Ravens.