Steven Antonakes joins Eastern as Chief Compliance Officer

February 13, 2017

Steven L. Antonakes joins Eastern Bank as Chief Compliance Officer

BOSTON, August 10, 2015 – Eastern Bank, a full-service commercial bank headquartered in Boston, today announced the appointment of Steven L. Antonakes as Senior Vice President and Chief Compliance Officer.  He will report directly to Barbara Heinemann, Executive Vice President of Eastern Bank’s Enterprise Risk Management division.

Antonakes, who most recently served as Deputy Director and the Associate Director for Supervision, Enforcement, and Fair Lending at the Consumer Financial Protection Bureau (CFPB), brings 25 years of compliance, risk management and financial services experience to Eastern Bank. 

While at the CFPB, Antonakes served as its second highest ranking official and was responsible for the supervision of all banks and non-banks under the Bureau’s jurisdiction and the enforcement of federal consumer protection and fair lending laws.

Antonakes was appointed by successive governors to serve as the Massachusetts Commissioner of Banks from December 2003 to November 2010.  Previously, he served in various managerial capacities at the Division of Banks and began his regulatory career as an entry-level bank examiner in 1990.  In March 2007, Antonakes received NeighborWorks America’s “Government Service Award” for his work in combatting foreclosures.

Antonakes, a graduate of Lynn Public Schools, earned a Bachelor of Arts degree from Penn State University, an MBA from Salem State University, and a Doctorate of Philosophy in Law and Public Policy from Northeastern University.

About Eastern Bank
Founded in 1818 and based in Boston, Eastern Bank is the largest and oldest mutual bank in the country, with $9.7 billion in assets and more than 100 branches serving communities in eastern Massachusetts and southern and coastal New Hampshire. 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, which includes Eastern Bank Wealth Management and Eastern Insurance, is a recognized leader in corporate social responsibility and for its advocacy on behalf of a number of social justice causes.

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

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