Eastern Bank to Repurchase More Shares
Eastern Bank’s parent company plans to use more of its capital to buy back up to $200 million worth of stock starting later this month.
Eastern Bank’s parent company plans to use more of its capital to buy back up to $200 million worth of stock starting later this month.
Envision Bank will start paying a regular quarterly dividend to shareholders and also use excess capital on a stock repurchase program.
The parent company of The Provident Bank, rebranded last year as BankProv, has adopted a new stock repurchase program, one of several local banks planning to repurchase shares this year.