NEI General Contracting is a new commercial banking customer of Eastern Bank. Eastern Bank is providing NEI with a $30 million working capital line of credit to support its day-to-day operations, three real estate loans to refinance existing facilities, as well as a full suite of treasury management services.
“NEI General Contracting has built a reputation for excellence in affordable housing and community development, and we’re thrilled to welcome them to Eastern Bank,” Greg Buscone, executive vice president, chief commercial banking officer of Eastern Bank, said. “Their work is transforming neighborhoods and creating opportunities for individuals and families across the region. We’re proud to provide a range of financial solutions supported by local decision-making to help with their growth objectives.”
Josef Rettman, president of NEI General Contracting, added, “We’re excited to begin our relationship with Eastern Bank. Their team understands the unique demands of the construction industry and the importance of local market expertise. Eastern’s responsiveness and commitment to building strong relationships made them the right choice for our growing business.”
The commercial banking team advising NEI General Contracting includes Buscone; Brendan O’Neill, senior vice president, commercial group director; Joseph Alberghini, senior vice president and commercial banking team leader; Jake Bock, vice president, commercial relationship manager; Jacob Steinhoff, vice president, commercial portfolio manager; and, prior to his retirement, Thomas King, senior vice president, commercial team leader.
