EBC News and Press, Eastern Bankshares Inc. From 04/14/22

Provides Financing For Working Line Of Credit, Term Loan And Commercial Real Estate Mortgage Eastern Bank is pleased to announce Charles D. Sheehy, Inc. (Sheehy) as a new commercial banking customer. Founded in 1951, Sheehy is a fourth-generation, privately-owned supplie...

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 2022 results: ...

Needham Bank Completes Transfer of Cannabis Banking Business from Eastern Bank PR Newswire NEEDHAM, Mass. , April 4, 2022 /PRNewswire/ -- Needham Bank ("Needham") and Eastern Bankshares, Inc. ("Eastern") (Nasdaq Global Select Market: EBC), the stock h...

Provides $8 Million Of Financing For Working Capital, Real Estate And Equipment Eastern Bank is pleased to announce Boston Battery LLC as a new asset based lending customer. Boston Battery is an independent, locally owned wholesale distributor of Interstate Batteries, No...

Eastern Bank is pleased to announce the following appointments to its Management Committee: Gregory P. Buscone, Executive Vice President, Senior Commercial Banking Officer; Martha A. Dean, Executive Vice President and Senior Operations Director; Timothy J. Lodge, President and CEO o...

Public servant and nonprofit leader joins Eastern Bank Foundation from the City of Boston’s Office of Economic Opportunity & Inclusion where she was Director of Small Business Eastern Bank Foundation , the philanthropic arm of Boston-based Eastern Bank , i...

Provides Financing For Conversion To A 100% Employee-Owned Company And Ongoing Working Capital Needs Eastern Bank is pleased to announce Landrys, Inc. (Landry’s Bicycles) as a new commercial banking customer. Founded in 1922, Landry’s Bicycles is rated as o...

Members of the Federal Reserve are widely expected to raise the agency's benchmark overnight lending rate (the federal funds rate) at their upcoming March meeting, leaving behind the ultra-low-rate environment that has persisted since the start of the pandemic in 2020. And the Fed may proce...

Provides $8 Million Of Financing For Working Capital Eastern Bank is pleased to announce Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling ...

Eastern Insurance, wholly owned subsidiary of Eastern Bank which is the stock holding company of Eastern Bankshares (EBC -1.7%), acquired the operating assets of Michals Insurance Agency,a full-service insurance agency located in Watertown, MA. The transaction is effective Mar. 1, 2022 a...