Eastern Bank

UNCF 80th Anniversary Gala in Boston Raises More than $750K to Support HBCUs and Students

Retrieved on: 
Tuesday, March 12, 2024
Northeast Division, BGI, Education, University, Baupost Group, Walking, River, JPMorgan Chase, Black Economic Alliance, Wellington Management Company, Eastern Bank, UNCF, TJX Companies, Cambridge Associates, Student, Kraft Group, Vertex Pharmaceuticals, Delta Air Lines, Management

BOSTON, M.A., March 12, 2024 (GLOBE NEWSWIRE) -- March 7 brought resounding success for students of color across New England and the United States.

Key Points: 
  • BOSTON, M.A., March 12, 2024 (GLOBE NEWSWIRE) -- March 7 brought resounding success for students of color across New England and the United States.
  • Thanks to the New England UNCF (United Negro College Fund) 80th Anniversary “A Mind Is…” Gala, UNCF raised more than $750,000 to further its mission of supporting historically Black colleges and universities (HBCUs) and helping as many deserving students to get to and through college as it can.
  • The 80th anniversary event not only commemorated UNCF's rich legacy, but also emphasized its unwavering commitment to building better futures for all.
  • UNCF will continue its year-long 80th anniversary celebration in New England with a series of events that will continue to honor its legacy and transform the future for generations of minority students.

New England UNCF “A Mind Is…” Gala to Celebrate UNCF’s 80th Anniversary

Retrieved on: 
Thursday, February 29, 2024
HBCU, Cambridge Associates, African Americans, UNCF, WCVB, Education, Black Economic Alliance, Northeast Division, TJX Companies, Wellington Management Company, Baupost Group, CFA, Eastern Bank, Kraft Group, BGI, Vertex Pharmaceuticals, JPMorgan Chase, Delta Air Lines, Student, Management

BOSTON, MA, Feb. 29, 2024 (GLOBE NEWSWIRE) -- UNCF (United Negro College Fund) celebrates its 80th anniversary in 2024.

Key Points: 
  • BOSTON, MA, Feb. 29, 2024 (GLOBE NEWSWIRE) -- UNCF (United Negro College Fund) celebrates its 80th anniversary in 2024.
  • As a major event during a year-long celebration, UNCF will host its annual New England “A Mind Is…” Gala on Thursday, March 7, from 6 to 9 p.m. at the Seaport Hotel Boston.
  • The New England “A Mind Is…” Gala will recognize outstanding partners who help the organization effectuate this mission.
  • Events like our New England ‘A Mind Is…’ Gala help us do just that,” said Lomax.

NACD New England honors Waters Corp. and Devoted Health as Public and Private Company “Boards of the Year”

Retrieved on: 
Monday, December 18, 2023
Professional Services, Philanthropy, Communications, Public Policy, Government, Other Manufacturing, Other Science, Healthcare Reform, Foundation, Science, Manufacturing, LGBTQ+, General Health, Continuing, Education, Other Technology, Environment, Technology, Other Professional Services, Health, Legal, Consumer, Human Resources, Other Construction & Property, Finance, Consulting, Banking, Construction & Property, Other Communications, National Association, Memory, The Ireland Funds, Federal Reserve Bank, Boston Scientific, Public, Commerce, River, WBUR, New England Council, Syracuse University, Massachusetts business trust, Greater Boston, Xavier's Security Enforcers, ABL Space Systems, Waters Corporation, Food, Public Citizen Litigation Group, Foley & Lardner, The Boston Foundation, BSX, Medicare, Silver, Life, First American Scientific Corp., NYSE, STT, State Street Corporation, Software, Stonehill College, WAT, Metropolitan Water Board, Eastern Bank, Management, Nursing, Boston

The boards of directors of Waters Corp. (NYSE: WAT) and Devoted Health are being honored as, respectively, the Public and Private Company Boards of the Year.

Key Points: 
  • The boards of directors of Waters Corp. (NYSE: WAT) and Devoted Health are being honored as, respectively, the Public and Private Company Boards of the Year.
  • Waters , based in Milford, Mass., is a global leader in analytical instruments and software for the life, materials, food, and environmental sciences.
  • Devoted Health , of Waltham, Mass., is an all-in-one healthcare company for Medicare beneficiaries, delivering health insurance, access to high quality medical care, and a world-class service experience.
  • He also serves on the boards of Stonehill College and the New England Council and several advisory boards.

Eastern Bank Named #1 SBA Lender in Massachusetts for the 15th Year in a Row

Retrieved on: 
Tuesday, December 12, 2023
Small Business, Banking, Professional Services, Finance, SBA, Small business, Small Business Administration, Bank, Real estate, Eastern Bank

Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) loans in Massachusetts for the 15th consecutive year.

Key Points: 
  • Eastern Bank has been named by the U.S. Small Business Administration (SBA) as the top lender to small businesses for SBA 7(a) loans in Massachusetts for the 15th consecutive year.
  • “Eastern is honored to be recognized once again by the Small Business Administration as a top lender to the small business community,” said Quincy Miller, Vice Chair and President of Eastern Bank.
  • 1 SBA 7(a) lender in Massachusetts for the 15th year in a row.
  • SBA loans are intended to help businesses that may not qualify for conventional loans get the funds they need to start, grow and expand.

Eastern Bank Earns Top Score for 10th Consecutive Year in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index

Retrieved on: 
Tuesday, December 5, 2023
Professional Services, LGBTQ+, Other Consumer, Other Professional Services, Consumer, Finance, Banking, The American Lawyer, Bank, Corporate Equality Index, Equality, Human Rights Campaign, Equitable, Pride, CEI, Business, Workplace, Property management, Management, Eastern Bank

Eastern Bank is pleased to announce that for the tenth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.

Key Points: 
  • Eastern Bank is pleased to announce that for the tenth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ+ workplace equality.
  • Eastern joins 545 U.S. businesses that also earned top marks this year.
  • “Eastern has a long-standing commitment to supporting the LGBTQ+ community, through our workplace, advocacy, resources for business owners, philanthropy and employee volunteerism,” said Bob Rivers, CEO and Chair of the Board of Eastern Bankshares, Inc. and Eastern Bank.
  • The results of the 2023-2024 CEI showcase how U.S.-based companies are promoting LGBTQ+ friendly workplace policies.

Eastern Bank Welcomes Avedis Zildjian Co. As A Commercial Banking Customer

Retrieved on: 
Wednesday, November 15, 2023
Banking, Professional Services, Finance, Growth, Avedis Zildjian Company, Commercial bank, Acquisition, Senior, Bank, Music, Eastern Bank

Eastern Bank is pleased to announce Avedis Zildjian Co. (Zildjian), the oldest family-owned business in the United States and the world’s largest maker of cymbals, drumsticks and percussion mallets, as a new commercial customer.

Key Points: 
  • Eastern Bank is pleased to announce Avedis Zildjian Co. (Zildjian), the oldest family-owned business in the United States and the world’s largest maker of cymbals, drumsticks and percussion mallets, as a new commercial customer.
  • Founded in 1623 and headquartered in Norwell, MA, Zildjian’s products are sold globally, inspiring people to express themselves through music.
  • Eastern Bank’s credit solution includes traditional working capital and real estate financing and growth capital to support the company’s next stage of growth.
  • The Commercial Banking team advising Avedis Zildjian Co. includes Executive Vice President, Chief Commercial Banking Officer Greg Buscone, Senior Vice President, Commercial Group Director Brendan O’Neill, and Senior Vice President, Commercial Relationship Manager Matthew Hunt.

Eastern Bankshares, Inc. Announces Closing Of Eastern Insurance Group LLC Asset Sale

Retrieved on: 
Tuesday, October 31, 2023
Banking, Professional Services, Insurance, Sale, NYSE, Life, EBC, Corus Bankshares, Arthur J. Gallagher & Co., Eastern Bank

Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today it has completed the previously disclosed sale of Eastern Bank’s insurance operations, which conduct business under the name Eastern Insurance Group LLC (“Eastern Insurance”), to Arthur J. Gallagher & Co. (NYSE: AJG) (“Gallagher”).

Key Points: 
  • Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today it has completed the previously disclosed sale of Eastern Bank’s insurance operations, which conduct business under the name Eastern Insurance Group LLC (“Eastern Insurance”), to Arthur J. Gallagher & Co. (NYSE: AJG) (“Gallagher”).
  • “This transaction enables a stronger focus on the strategic growth of our core banking business,” said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern Bankshares, Inc. and Eastern Bank.
  • “We are grateful for the leadership of Eastern Insurance’s CEO Tim Lodge and the entire team at Eastern Insurance for their years of contributions, camaraderie and outstanding service to our customers, colleagues and communities we serve.
  • Licensed to do business in every state, Eastern Insurance serves more than 75,000 individuals and businesses and represents more than 50 national and regional insurance carriers.

Eastern Bankshares, Inc. Appoints Marisa J. Harney And Linda M. Williams To Its Board Of Directors

Retrieved on: 
Monday, October 30, 2023
Banking, Asset Management, Professional Services, Finance, Linda, Johns Hopkins University, Goodwill Industries, BS, EBC, MBA, Credit Suisse, Credit Suisse First Boston, First Citizens Bank (Trinidad and Tobago), CIT Group, SmileDirectClub, Risk management, Corus Bankshares, New York University Stern School of Business, Business, JPMorgan Chase, New York University, Blue Cross Blue Shield Association, Audit, Fordham, Management, Eastern Bank

Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of Marisa J. Harney and Linda M. Williams to its Board of Directors effective immediately.

Key Points: 
  • Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), the stock holding company for Eastern Bank, announced today the appointment of Marisa J. Harney and Linda M. Williams to its Board of Directors effective immediately.
  • They have also each been appointed to the Audit and Risk Management Committees of the Board effective January 1, 2024.
  • They will also serve on the Board of Directors of the Company’s banking subsidiary, Eastern Bank.
  • “We are extremely pleased to welcome Marisa Harney and Linda Williams to our Board,” said Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern Bankshares, Inc. and Eastern Bank.

Eastern Bankshares, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, October 26, 2023
Banking, Asset Management, Professional Services, Finance, Capital gain, Insurance, Sale, Federal Deposit Insurance Corporation, Federal Home Loan Banks, Telephone, EBC, Share repurchase, W Holding Company, Acquisition, Shared National Credit Program, Growth, Trust, Corus Bankshares, ID, SNC, Webcast, Compact disc, Lender option borrower option, Statement, Capital loss, Total, Investment, Holding company, Security (finance), Life insurance, Pharmaceutical industry, Bank, Video game, Iron ore, Payment card, Drug, Real estate, Eastern Bank

The release of the Company’s quarterly financial results follows its September 19, 2023 announcement of the sale of the insurance operations of Eastern Insurance Group, LLC (“Eastern Insurance”) (“the insurance transaction”) and the pending merger with Cambridge Bancorp (“Cambridge”) (“the merger”).

Key Points: 
  • The release of the Company’s quarterly financial results follows its September 19, 2023 announcement of the sale of the insurance operations of Eastern Insurance Group, LLC (“Eastern Insurance”) (“the insurance transaction”) and the pending merger with Cambridge Bancorp (“Cambridge”) (“the merger”).
  • Regarding the Company’s third quarter financial results, Mr. Rivers commented, “Our results continue to demonstrate our robust capital position and the strength of our franchise.
  • Net interest income was $137.2 million for the third quarter of 2023, compared to $141.6 million in the prior quarter, representing a decrease of $4.4 million.
  • A conference call and webcast covering Eastern’s third quarter 2023 earnings will be held on Friday, October 27, 2023 at 9:00 a.m. Eastern Time.

Cambridge Savings Bank Hires Michael Richardson as Vice President, Relationship Manager – Asset-Based Lending

Retrieved on: 
Wednesday, October 25, 2023
Banking, Professional Services, Finance, Organizational culture, Toronto-Dominion Bank, First Niagara Bank, Acquisition, Multimedia, Trust, Learning, Growth, Portfolio manager, Richardson, East Cambridge Savings Bank, TD, Professional, ABL, CSB, Savings bank, Communication, Wealth, Bank, Eastern Bank

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.

Key Points: 
  • Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.
  • Richardson will be responsible for managing several of the bank’s ABL relationships, while leveraging his vast network to identify and close on new lending opportunities.
  • View the full release here: https://www.businesswire.com/news/home/20231025141064/en/
    Michael Richardson joins Cambridge Savings Bank as Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team.
  • Earlier in his career, Richardson gained experience working in the ABL division for a number of well-known banking institutions, including Key Corporate Bank, First Niagara Bank, and TD Bank.