Eastern Bankshares, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Denis K. Sheahan
- Full Time Employees
- 1,998
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 265 Franklin Street Boston MA United States of America 02110
- IPO Date
- Oct 15, 2020
- CIK
- 0001810546
- Website
- easternbank.com
- Similar Companies
- Business
- Eastern Bankshares, Inc. (Nasdaq: EBC) operates as the holding company for Eastern Bank, a diversified regional bank providing a full range of banking, trust, and wealth management services to retail, commercial, small business, and institutional customers across eastern Massachusetts, southern New Hampshire, and Rhode Island; core offerings include deposit products such as interest checking accounts, money market accounts, savings accounts, and time certificates of deposit; lending solutions encompassing commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate mortgages, home equity lines of credit, and consumer loans including unsecured personal lines, overdraft protection, automobile loans, home improvement loans, and other personal loans; wealth management services through its Cambridge Trust division featuring trust administration, financial planning, portfolio management, and investment advisory; cash management services including automated lock box collection and account reconciliation; and insurance agency products covering personal, business, and employee benefits insurance. Founded in 1818 as Salem Savings Bank and headquartered in Boston, Massachusetts, the company maintains approximately 109 branches and emphasizes community-focused relationship banking with digital platforms for personal and business clients. Recent major developments include the July 2024 completion of its all-stock merger with Cambridge Bancorp, which integrated Cambridge Trust Company and expanded wealth management capabilities while surpassing $25 billion in assets; and the April 2025 announcement of a definitive merger agreement with HarborOne Bancorp, Inc., which received regulatory approvals in September 2025 and is expected to close on or about November 1, 2025, creating a $30 billion community bank with enhanced presence in Rhode Island and full systems integration targeted for February 2026.
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