Eastern Bank Claims Progress in Drive for Organic Growth in Q2
Eastern Bank executives said the bank’s bottom line aided by improved asset quality and fee generation from its wealth management sector in the second quarter.
Eastern Bank Hires CRE Lender from Chase
Eastern Bank has hired Paul Davis as one of its new commercial real estate relationship managers.
Eastern Bank Finances $39M Bridge Loan For Worcester Senior Housing
Eastern Bank is financing a $39 million bridge loan for a recently constructed Worcester multifamily development.
Developers Sue, Saying Eastern Bank Disclosed Personal Financial Info
City Realty’s co-founders claim Eastern Bank posted their personal financial information to a loan-sales portal without their permission.
Barney Frank Leaves Complicated Legacy in Mass. Banking Landscape
The late Rep. Barney Frank at once cared deeply for the health of local financial institutions, yet co-authored one of the biggest drivers of bank consolidation today.
AI’s Suddenly Hot for Lenders. But They’re Grappling with How to De-Risk It
As Massachusetts’ banks and credit unions increase their usage of artificial intelligence, building guardrails will be essential to keeping customers safe, executives say.
Personnel File – No. 441
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
Eastern Bank Preparing for More Deposit Competition
Eastern Bank execs say the bank faces increasing competition for deposits from local banks in Massachusetts as larger competitors get more aggressive with pricing.
Rhode Island: The Next Frontier for Mass. Bank Competition
As Massachusetts banks search for additional deposits, Rhode Island is becoming an opportune location to look.
Eastern Bank Names New Chief People Officer
Eastern Bank today has named Jennifer Wambold its new chief people officer.
Synergy Recaps Beacon Hill Office Building
Boston-based Synergy recapitalized a Beacon Hill office building Friday that it originally acquired in 2013 in a deal worth $23 million.
Personnel File – No. 433
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
CLT Begins Construction of First Project in Lynn
Commonwealth Land Trust broke ground on its first project in the city of Lynn, an $18 million supportive housing facility containing 40 single-occupancy units.
Eastern, Santander, MassHousing Finance Two Brockton Developments
The city of Brockton will be gaining two new housing developments thanks to financing from Eastern Bank, Santander Bank and MassHousing.
New Owner Extends Affordability After Ayer Acquisition
A Braintree developer acquired a 37-building apartment community in Ayer following a campaign by tenant activists fighting rent increases.
Activist Investor Declares Victory in Eastern Bank Fight
The activist investor that last year threatened Boston-based Eastern Bank with a proxy fight for seats on its board says it’s gotten the changes it wants.
Eastern Bank Backs Away from M&A in 2026
In their bank’s fourth quarter earnings call Friday morning, Eastern Bank executives stressed they aren’t focused on M&A this year.
Community Good Works
Eastern Bank employees volunteered to stack shelves, pack grocery bags and unload a 13,650-pound shipment of produce at Catholic Charities South’s Brockton food pantry. See who else gave back.
Personnel File – No. 430
From new VPs to fresh project managers, see who’s been hired, promoted and honored, it’s our weekly Personnel File roundup.
The Massachusetts Bank Mergers That Defined 2025
Massachusetts saw some major bank M&A deals in 2025, but five deals, in particular, helped grow local players’ deposit share.
