Eastern Bankshares (NASDAQ:EBC) Inc. is a Massachusetts-based financial holding company and the parent of Eastern Bank, one of the oldest and largest mutual banks in the United States. Through its subsidiary, the company offers a full spectrum of banking and financial services to individuals, small and mid-sized businesses, corporations, municipalities and nonprofit organizations. Headquartered in Boston, Eastern Bankshares is committed to delivering personalized relationship banking across its regional branch network.
The company’s core business activities include commercial lending, consumer and mortgage banking, treasury management, capital markets services and deposit-taking. In addition to traditional checking and savings accounts, Eastern Bankshares provides digital banking platforms and cash management solutions designed to streamline payments, manage receivables and optimize liquidity. Wealth management and trust services, retirement planning, insurance and investment advisory offerings further broaden its service suite, enabling clients to address a variety of financial needs under one roof.
Tracing its roots back to 1818 as the Salem Savings Bank, the company reorganized as a bank holding company under the name Eastern Bankshares in 1989. Over the course of two centuries, it has expanded from its New England origins to serve customers across Massachusetts, New Hampshire, Rhode Island, southeastern Connecticut and select markets in Florida. The organization places a strong emphasis on community reinvestment, supporting affordable housing, economic development and small business growth in the markets it serves.
Under the leadership of President and Chief Executive Officer Robert M. Rivers III, Eastern Bankshares continues to focus on fostering long-term relationships, maintaining strong credit quality and investing in technology. Guided by a board of directors with deep expertise in banking, finance and community development, the company emphasizes corporate citizenship, diversity and responsible growth as integral components of its strategic vision.
