Eastern Bank opens branch in Chelsea
New location is Eastern’s 74th as it continues expansion
CHELSEA, Mass., Sept. 2, 2008 – Eastern Bank today announced the opening of a new branch in Chelsea, as it continues to expand its presence throughout key markets across eastern Massachusetts.
The new location, Eastern’s 74th branch, is the first new bank to open in Chelsea in a decade. Eastern’s newest branch, located at 90 Everett Ave., is the seventh operating bank in the bustling Suffolk County city, which is home to more than 35,000 people.
“The Chelsea branch further extends Eastern Bank’s footprint in the Greater Boston area while simultaneously demonstrating our commitment to the people and businesses in Chelsea,” said Richard E. Holbrook, Eastern’s chairman and CEO. “This branch offers our new and existing customers another convenient location with superior, personal service that they have come to expect from Eastern Bank.”
Holbrook and Eastern Bank President Robert Rivers will participate in a ribbon cutting ceremony at 10 a.m. Thursday, Sept. 4, with Chelsea City Councilor President Stanley Troisi at the bank’s new office.
Eastern’s newest location is managed by Hugh Archbald, formerly of Citizens Bank in Chelsea. The branch’s hours are Monday through Friday from 8:30 a.m. to 5 p.m., and Saturday from 8:30 a.m. to noon. The office is a full-service branch offering deposit and investment services, a drive-through teller window and 24-hour ATM.
About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest independent, mutually owned commercial banking franchise in New England. With more than $6.6 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.