Cambridge Bancorp and Eastern Bankshares entered into a definitive merger agreement pursuant to which Cambridge will merge with and into Eastern in an all-stock transaction valued at approximately $528 million.
Located in Boston, Nia Grace, owner of Darryl’s Corner Bar and Kitchen and The Underground Café and Lounge, and Ed Kane and Randy Greenstein, owners of Big Night Entertainment Group, have joined forces to open Grace by Nia, a modern-day supper club for which Eastern Bank is providing financing.
Eastern Bank appointed Gregory P. Buscone, Martha A. Dean, Timothy J. Lodge, Matthew A. Osborne and Sujata Yadav to its management committee.
Eastern Bankshares, the stock holding company for Eastern Bank, completed its acquisition of Century Bancorp, the stock holding company for Century Bank and Trust Company. The transaction is valued at approximately $642 million.
Eastern Bankshares, the stock holding company for Eastern Bank, and Century Bancorp, the stock holding company for Century Bank and Trust Company, entered into a definitive all-cash merger agreement with an aggregate transaction value of $642 million.