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The Boston Globe names Eastern Bank to Globe 100’s Top Places to Work 2010

BOSTON, Nov. 5, 2010 – Eastern Bank Corporation has been named one of the Top Places to Work in Massachusetts in the third annual employee-based survey project from The Boston Globe.   The Top Places to Work 2010 magazine will be published in the Sunday Globe on November 7.  Online, the report can be found at www.boston.com/topworkplaces.

The Top Places to Work recognizes the most progressive companies in the state based on employee opinions about company leadership, compensation and training, diversity/inclusion, career development, family-friendly flexibility, and values and ethics.  Private companies and nonprofits as well as publicly-held businesses were included in the analysis.

This year the rankings were organized into three categories: Large, Midsize, and Small companies.  Eastern Bank was ranked No. 11 in the “large company” category.
    
The Globe invited 1,160 employers to participate in the third annual Top Places to Work.  Of those, 236 organizations went all the way through the process, allowing us to conduct a confidential survey of their workers.  Research partner Workplace Dynamics of Exton, Pa., specialists in employee engagement and retention, contacted more than 133,000 employees at those companies, and received completed surveys from 82,000 individuals.  Each was asked to grade their organization’s performance according to 23 distinct statements, ranging from “This organization demonstrates it values employees during difficult times” to “It’s easy to tell my boss the truth.”

“We are honored to be recognized for the third straight year as one of the best places to work in Massachusetts,” said Richard E. Holbrook, chairman and CEO of Eastern Bank.  “This is a fitting tribute to our community focused team of banking, investment and insurance professionals.” 

The publisher of The Boston Globe Chris Mayer stated, “Each of the companies included in the Top Places to Work 2010 deserve recognition for creating a positive workplace for their employees.  Their accomplishment adds to the vitality of this state’s business environment.”

Eastern Bank offers its employees a multitude of career growth opportunities, a challenging, yet fun workplace environment and a competitive compensation and benefits package that includes a 401 (k) program, pension plan and education reimbursement. Nearly 200 years in business, Eastern Bank has earned a reputation in Massachusetts for its commitment to customers and its employees, who work in a variety of departments including Consumer Banking, Marketing, Human Resources, Finance, Operations, Technology and Customer Service.     

Eastern Bank, the largest independent, mutually owned commercial banking franchise in New England, offers an array of commercial, business and personal banking services. It also offers commercial insurance products through its subsidiary, Eastern Insurance.  Eastern Bank’s private banking group, which is part of its wealth management division, is adept at meeting the often-complex borrowing and deposit needs of business owners and individuals alike.

To qualify for the Boston Globe’s Top Places to Work, a company must have more than 100 employees in Massachusetts.  Rankings were composite scores calculated purely on the basis of employee responses.

About Eastern Bank 
Founded in 1818 and based in Boston, Eastern Bank is the largest independent and mutually owned bank in New England, with almost $7.0 billion in assets and more than 80 branches serving communities from the Merrimack Valley to Cape Cod.  Eastern Bank offers banking, investments and insurance all under one roof, and prides itself on working harder to understand its customers’ needs so it can deliver these services in a committed and personal way.  Eastern Bank includes Eastern Wealth Management, 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

Eastern Bank is on Facebook.  Visit us at: www.facebook.com/easternbank.