Eastern Bank executive said they are highly confident the bank’s merger with Cambridge Trust won’t be delayed much longer.

The bank expects to receive regulatory approval for the deal later this quarter and close the deal in “early July,” CFO Jim Fitzgerald told investment analysts during Eastern’s earnings call Friday morning.

“We wish the process was faster but we certainly respect they are doing what they have to do,” Fitzgerald said in response to an analyst’s question. Regulators have “been very clear that they want to support us, I think, and know our timelines for this and have communicated they believe they will put us in a position to meet them.”

What else is on tap today?

Hey, Big Spender … A major renovation that transformed a house a few blocks from Harvard Square takes the fourth spot in this week’s Gossip Report.

What can I look forward to?

Here are just a few of the things to look forward to in Sunday’s newsletter. Not a B&T subscriber? Change that here.

  • Landlords are starting to buy into a different vision for downtown Boston retail, not driven by the 9-to-5 crowd.
  • A real estate investment firm says it’s cracked the code on helping cities like Pittsfield find a renaissance.
  • In the urban core, grocery stores are becoming attractive targets for mixed-use retail-multifamily redevelopments.

The B&T Daily: April 26, 2024

by Cassidy Norton time to read: 1 min