EBC News and Press, Eastern Bankshares Inc. From 04/11/21

Boston-based Eastern Bankshares (NASDAQ: EBC) , which went public in October, surprised many with its recent announcement that it plans to purchase neighboring Century Bancorp (NASDAQ: CNBKA) . While many expected Eastern to make a big deal, given that it was sitting on a wa...

Class A shares of Century Bancorp (NASDAQ: CNBKA) , a $6.3 billion asset bank in the Boston area, jumped nearly 25% in the late morning today after the company announced that it plans to be acquired by Eastern Bankshares (NASDAQ: EBC) . Eastern plans to acquire Century f...

The management's plans to acquire loans will likely improve the asset mix and expand the net interest margin. The provision expense will likely decline because EBC already has a high level of allowances for loan losses that will likely cover upcoming loan impairments. After surgin...

Key Highlights: Merger creates $22 billion combined franchise and solidifies Eastern’s leading position in Boston and Eastern Massachusetts Financially compelling transaction with 55% EPS accretion on a fully synergized basis Eastern announces 33% incr...

Eastern Bankshares, Inc. (the “Company”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced the following details regarding the report of the Company’s first quarter 2021 results: Abo...

Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank (EBC), acquires assets of the NorthBridge Insurance Agency, a full-service insurance agency located in Concord, MA. The transaction is effective April 1, 2021 and marks the 33rd acquisition of an independent...

Eastern Insurance Group LLC , a wholly owned subsidiary of Eastern Bank , announced today that it has acquired the assets of the NorthBridge Insurance Agency, Inc., a full-service insurance agency located in Concord, MA. The transaction is effective April 1, 2021 and marks the 3...

Ms. Dean Has 35+ Years Of Operations Experience With Massachusetts Banking Institutions And Has Held Operations Roles At Eastern Since 2014 Eastern Bank is pleased to announce the promotion of Martha A. Dean to Executive Vice President of Operations. Ms. Dean’s ve...

Eastern Bankshares, Inc. (the “Company,” or together with its affiliates and subsidiaries, “Eastern”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced that the Company has been a...

Eastern Is Also Designated As A Best Place To Work For LGBTQ Equality For the eighth consecutive year, Eastern Bank , including its Eastern Insurance Group subsidiary, is pleased to announce that it received a score of 100 on the Human Rights Campaign Foundation ...