Eastern Bank added Boston Warehouse Trading as a new commercial banking customer. Eastern Bank is providing full banking solutions to the company, including a $13 million revolving line of credit for working capital and inventory management as well as treasury management services and solutions.
Founded in 1974 as a small warehouse importing colorful textiles and ceramics from Europe, Boston Warehouse Trading now sources products from across the globe and provides gifts, housewares and home décor to independent retailers, larger specialty stores and consumers.
“For more than 40 years, providing customers with high-quality, engaging products and a committed, experienced team of professionals dedicated to their needs remains at the heart of our business,” Peter Jenkins, president, CEO and founder of Boston Warehouse Trading, said. “Eastern understands our approach, has ensured a smooth process for managing our working capital and growing inventory and offers expertise to support our future business plans.”
“Boston Warehouse has set a standard for bringing a unique style of creative products to a wide variety of retailers and consumers, and we are pleased to assist with their capital and financing needs,” Greg Buscone, executive vice president and senior commercial banking officer of Eastern Bank, said.
Buscone is a member of the commercial banking team advising Boston Warehouse Trading. The team also includes Frank Coccoluto, senior vice president and commercial team leader at Eastern Bank, and Boris Nusinov, senior vice president and commercial relationship manager at Eastern Bank.