Eastern Bankshares, Inc. (“Eastern”) and Needham Bank Enter Into Asset Purchase Agreement For The Transfer of Eastern’s Cannabis Banking Business

Eastern Bankshares, Inc. (Eastern) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, and Needham Bank (Needham) today jointly announced they have entered into an asset purchase agreement for the transfer to Needham of Easterns cannabis-related and money service business deposit relationships which were acquired during its merger with Century Bank and Trust Company.