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Press Release 

Eastern Bank names 11 individuals to its Boards of Trustees, Corporators

Diverse group includes leaders in the Greater Boston Latino and LGBT communities

BOSTON, March 5, 2012 – Eastern Bank, a full-service commercial bank headquartered in Boston, is proud to announce the addition of five accomplished individuals to its Board of Trustees and six additional well-respected professionals to its Board of Corporators.

“Eastern Bank is very fortunate to have such a talented group of individuals added to our governance structure, and looks forward to their input and guidance in helping us further achieve our mission,” said Richard E. Holbrook, chairman and CEO of Eastern Bank.

Eastern Bank’s new Trustees are:

• Ferdinand Alvaro, Jr., of Marblehead, Partner-In-Charge, Boston Office, Gonzalez, Saggio & Harlan, LLP;

• Phyllis Barajas, of East Watertown, Executive Director, Conexión;

• Rebecca Haag, of Boston, President & CEO, AIDS Action Committee;

• Lloyd L. Hamm, Jr., of Upton, Chief Operating Officer and Founding Dean of the School of Business, Anna Maria College;

• Antonio Lopez, of Methuen, Lopez, Chaff & Wiesman Associates.

Eastern Bank’s new Corporators are:

• Zamawa Arenas, of Boston, Principal, ARGUS;

• Josefina Bonilla, of Brookline, Managing Director of Color Media Group, LLC;

• Eva Millona, of Worcester, Executive Director of Massachusetts Immigrant and Refugee Advocacy Coalition (MIRA);

• Juan Carlos Morales, of Scituate, Senior Managing Director and Chief Financial Officer, State Street Global Advisors;

• Gunner Scott, of Jamaica Plain, founding member and Executive Director of the Massachusetts Transgender Political Coalition (MTPC);

• Kara Suffredini, of Somerville, Executive Director, MassEquality.

The corporate powers of Eastern Bank Corporation are vested in individuals who are known as Corporators. As Corporators, these individuals do not have a financial interest in, and receive no financial benefit from Eastern Bank. Corporators represent the interests of the local community and, for governance purposes, are similar to stockholders.

The Corporators elect Trustees who are responsible for determining how Eastern Bank Corporation conducts business. Corporators also have the authority to approve significant corporate activities, such as a change in corporate structure. The Bank’s Board of Directors is elected by the Board of Trustees.

About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest independent bank headquartered in Boston, and the oldest and largest mutual bank in the United States, with $7.6 billion in assets and 95 banking and 20 insurance offices 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 and Eastern Insurance. For more information, visit www.easternbank.com.

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