 | |
| Company type | Public |
|---|---|
| Nasdaq: EBC | |
| Industry | Banking |
| Headquarters | Boston, Massachusetts, U.S. |
Key people | Robert F. Rivers (chairman and CEO) |
 US$154.7 million (2021)[1] | |
| Total assets | US$23.5 billion (2021)[1] |
| Website | www.easternbank.com |
Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts.[2]
With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016.[3] It was founded in 1818 in Salem, and then moved to Lynn, Massachusetts.
The company began an aggressive expansion campaign near the end of the 1990s and moved its headquarters to Boston's Financial District. In 2020, Eastern Bank announced plans to de-mutualize and become a publicly traded corporation.[4]
- ^ a b "Eastern Bankshares, Inc - Schedule 14A". United States Securities and Exchange Commission. 21 March 2022. p. 26. Retrieved 28 January 2023.
- ^ Cite error: The named reference
BGMassBankwas invoked but never defined (see the help page). - ^ "Largest Banks in Massachusetts". Boston Business Journal. December 1, 2016. Retrieved July 24, 2017.
- ^ "In a major culture shift, Eastern Bank prepares to go public".
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