Eastern Bank’s Competitors, Revenue, Number of Employees, Funding, Acquisitions & News

Eastern Bank is a mutual bank that provides banking, investment and insurance products and services for individuals and businesses. Read more

Eastern Bank is a mutual bank that provides banking, investment and insurance products and services for individuals and businesses. Read more

Robert F. Rivers's photo - Chairman & CEO of Eastern Bank

Chairman & CEO

Robert F. Rivers

CEO Approval Rating

74/100

Founded:

1818

Status:

PublicNASDAQEBC

Annual Revenue
Employees
Sector

- -

TOP COMPETITORS OR ALTERNATIVES

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COMPANY

CEO

CEO RATING

EMPLOYEES

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Enterprise Bank is perceived as one of Eastern Bank's biggest rivals. Enterprise Bank is headquartered in Lowell, Massachusetts, and was founded in 1988. Enterprise Bank operates in the Banks industry. Enterprise Bank generates ∞% the revenue of Eastern Bank.

Northeast Bank is one of Eastern Bank's top competitors. Northeast Bank is a Private company that was founded in 1872 in Lewiston, Maine. Northeast Bank competes in the Banks field. Compared to Eastern Bank, Northeast Bank has 167 more employees.

Digital Federal Credit Union has been one of Eastern Bank's top competitors. Digital Federal Credit Union was founded in 1979 in Marlborough, Massachusetts. Digital Federal Credit Union competes in the Banks industry. Digital Federal Credit Union generates $1B more revenue than Eastern Bank.

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Annual Revenue

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Smith Buckley and Hunt Insurance

Apr 2014

Source »
undisclosed
Smith Buckley and Hunt Insurance provides personal and business insurance policies.

These are all the companies that Eastern Bank has acquired. Eastern Bank's latest acquisition was Smith Buckley and Hunt Insurance in Apr 2014. Smith Buckley and Hunt Insurance provides personal and business insurance policies.

Eastern Bank Funding History

$1.8B

Since Eastern Bank was founded in 1818, it has participated in 1 round of funding. In total Eastern Bank has raised $1.8B. Eastern Bank's funding round was on Oct 2020 for a total of $1.8B

ROUND

FUNDING DATE

AMOUNT

INVESTORS

IPO
Oct 2020
$1.8B
-

Total Funding: $1.8B

Since Eastern Bank was founded in 1818, it has participated in 1 round of funding. In total Eastern Bank has raised $1.8B. Eastern Bank's funding round was on Oct 2020 for a total of $1.8B

Investments

COMPANY

DESCRIPTION

AMOUNT

INVESTMENT DATE

ROUND

EXIT DATE

$350K
Apr 06, 2020
Debt - PPP (CARES Act)
-
Wayne Alarm Systems is a provider of customized security and monitoring systems for home and business applications.
-
Jan 21, 2018
Debt
-
Numerated develops a SaaS-based sales platform that provides lending automation and loan origination services for the banking sector.
$9M
May 15, 2017
Series A
-
Night Shift Brewing creates and supplies beers, wines and other spirits.
$3M
May 26, 2016
Debt
-

These are all the companies that Eastern Bank has invested in. Eastern Bank's latest investment was Smith Buckley and Hunt Insurance in Apr 2014. Smith Buckley and Hunt Insurance provides personal and business insurance policies.

Eastern Bank News

October 9, 2020Picante Today

Eastern Bankshares, Inc. Announces Receipt of Regulatory Approvals, Closing Date of Conversion and Final Results of Stock Offering

BOSTON-(BUSINESS WIRE)-Eastern Bankshares, Inc. (the "Company"), a Massachusetts corporation and the ... See more »
October 1, 2020MarketScreener

Eastern Bank :shares, Inc. Announces Preliminary Subscription Offering Results

(marketscreener.com) Eastern Bankshares, Inc. , the proposed holding company for Eastern Bank, announ... See more »
October 1, 2020The Business Journals

Eastern Bank on track to raise $1.8B in soon-to-close IPO

The haul would dwarf other initial public offerings from Massachusetts banks in recent years.... See more »
August 20, 2020Banker & Tradesman

Eastern Bank Begins Stock Offering

Eastern Bank announced it has begun its stock offering as it plans to give up its status as the state... See more »

Eastern Bank Press Releases

December 14, 2018PR Newswire

Eastern Bank Honors Wellesley College President Paula Johnson with 2018 Social Justice Award

BOSTON, Dec. 14, 2018 /PRNewswire/ -- Last night, Eastern Bank honored Dr. Paula A. Johnson, Presiden... See more »
October 17, 2018PR Newswire

Aly Raisman and Eastern Bank Shine A Light On Child Sexual Abuse Prevention

BOSTON, Oct. 17, 2018 /PRNewswire/ -- In a first in the Boston business community, Eastern Bank teame... See more »
November 8, 2017PR Newswire

Eastern Bank named No. 1 SBA lender in New England for eighth consecutive year

BOSTON, Nov. 8, 2017 /PRNewswire/ -- For the eighth consecutive year, Eastern Bank outpaced all compe... See more »
September 13, 2017PR Newswire

Eastern Bank Announces David Ortiz as Partner for Good; Partnership Kicks-Off with a Donation for Hurricane Relief

BOSTON, Sept. 12, 2017 /PRNewswire/ -- Eastern Bank, America's oldest and largest mutual bank, today ... See more »
August 22, 2017PR Newswire

Eastern Bank Joins Revere for Good with Opening of Micro Branch

REVERE, Mass., Aug. 22, 2017 /PRNewswire/ -- Eastern Bank, America's oldest and largest mutual bank, ... See more »
March 7, 2017Blackbird

Eastern Bank Launches Join Us For Good Campaign to Celebrate Individuals & Businesses Building "Good" in Their Communities

"As a community bank, Eastern Bank's success depends on a vibrant and prosperous community," says Bob... See more »
February 2, 2016Business Wire

Eastern Bank Corporation Announces Senior Leadership Changes

BOSTON--(BUSINESS WIRE)--Rich Holbrook, Chairman and CEO of Eastern Bank, will retire on Dec. 31, 201... See more »

Eastern Bank Videos

July 10, 2020Eastern Bank Youtube Channel

"Living Innovations" on YOUTUBE

July 10, 2020Eastern Bank Youtube Channel

"April's Pub" on YOUTUBE

July 10, 2020Eastern Bank Youtube Channel

"Eastern Bank Wealth Gap" on YOUTUBE

August 28, 2019Eastern Bank Youtube Channel

"Join Us For Good | :30 Spot" on YOUTUBE

April 3, 2019Eastern Bank Youtube Channel

"Good Gives" on YOUTUBE

Social Statistics

Headquarters

265 Franklin Street

Boston, Massachusetts02110

617-897-1100

Driving Directions »

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Summary

ABOUT

Overview

Eastern Bank is a mutual bank that provides banking, investment and insurance products and services for individuals and businesses. Eastern Bank was founded in 1818. Eastern Bank's headquarters is located in Boston, Massachusetts, USA 02110. It has ra...

CEO

Eastern Bank's Chairman & CEO, Robert F. Rivers, currently has an approval rating of 74%. Eastern Bank's primary competitors are Enterprise Bank, Northeast Bank & Digital Federal Credit Union.

Website

easternbank.com

Frequently Asked Questions about Eastern Bank

  1. When was Eastern Bank founded?

    Eastern Bank was founded in 1818
  2. Who is Eastern Bank's CEO?

    Eastern Bank's CEO is Robert F. Rivers
  3. How much revenue does Eastern Bank generate?

    Eastern Bank generates $ < 1M in revenue
  4. How much funding does Eastern Bank have?

    Eastern Bank has historically raised $1.8B in funding
  1. Where is Eastern Bank's headquarters?

    Eastern Bank's headquarters is in Boston Massachusetts, USA
  2. How many employees does Eastern Bank have?

    Eastern Bank has 0 employees
  3. Who are Eastern Bank's competitors?

    Eastern Bank's top competitors are Enterprise Bank, Northeast Bank, Digital Federal Credit Union
  4. Who has Eastern Bank invested in?

    Eastern Bank's has invested in companies such as Lexington Toyota, Wayne Alarm, Numerated Growth Technologies