Eastern Bank is expanding its asset-based lending team.

The company announced earlier this week that it has hired Donald B. Lewis to its commercial lending division as senior vice president and head of asset based lending.

Prior to joining Eastern, Lewis spent 27 years at Citizens Bank, most recently as senior vice president and national head of underwriting and execution, where he led and managed a team of nine underwriters who underwrote and executed all asset based loans at Citizens Bank.

“We’re excited to welcome Don to Eastern Bank,” Jan Miller, vice chair and chief commercial banking officer of Eastern Bank, said in a statement. “His practical knowledge and extensive experience with asset based lending builds upon our already strong commitment to offer customers sound lending solutions that best meet their needs.”

Eastern’s commercial banking team primarily services businesses throughout New England with between $10 million and $500 million in revenue by offering a range of financing and financial services options including lines of credit, equipment loans, acquisition and business expansion financing, cash management, treasury services and commercial insurance.

Eastern offers asset based loan facilities to a range of customers including companies with high seasonal borrowing needs, thin margins or asset intensive businesses that find asset based lending a preferable solution to typical commercial lending.