Shared National Credit Program

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.

Global Fund for Children and Avast Foundation launch fund for youth-led social change

Retrieved on: 
Wednesday, November 3, 2021
National Youth Leadership Council, Research, Technology, Creativity, Avast, The Global Fund for Children, Organization, Ageing, Catch-22, GFC, Leadership, Learning, Shared National Credit Program, CEO, COVID-19, Partnership, Privacy, Solution, Tourism, Management

WASHINGTON and PRAGUE, Nov. 3, 2021 /PRNewswire/ -- Global Fund for Children (GFC) and Avast Foundation today announce the Spark Fund , a new fund to support youth-led and youth-focused groups around the world that are tackling injustice and inequality, driving transformational change, and building a more inclusive world.

Key Points: 
  • WASHINGTON and PRAGUE, Nov. 3, 2021 /PRNewswire/ -- Global Fund for Children (GFC) and Avast Foundation today announce the Spark Fund , a new fund to support youth-led and youth-focused groups around the world that are tackling injustice and inequality, driving transformational change, and building a more inclusive world.
  • GFC and Avast Foundation established the Spark Fund based on their shared commitment to empowering the next generation to promote human rights in the digital age.
  • The Spark Fund puts key decisions in the hands of youth and provides young leaders and their organizations, networks, and movements with flexible funding and capacity development.
  • "We're excited to be working alongside Avast Foundation and Global Fund for Children as part of the Spark Fund to develop a sector-leading approach to online social engagement and digital citizenship," said Kat Dixon, Director of Partnerships at Catch22.