Eastern Bank Archives

Eastern Bank Makes Key Senior Leadership Appointments

Following its recent merger with Cambridge Trust, Eastern Bank named Sujata Yadav chief product officer and named several former Cambridge Trust leaders to executive vice president roles.

Eastern Bankshares and Cambridge Bancorp Receive Regulatory Approvals to Merge

Eastern Bankshares, the stock holding company for Eastern Bank, and Cambridge Bancorp, the parent company of Cambridge Trust, have received all necessary regulatory approvals to complete their proposed merger, which is expected to close on or about July 12, 2024.

Eastern Bank Adds Norberg as VP, Underwriter and Portfolio Manager for ABL Team

Eastern Bank hired Richard Norberg as vice president, underwriter and portfolio manager focused on asset-based lending. Based in Boston, Norberg’s experience spans asset-based lending as well as broader commercial lending.

December 28, 2023 Eastern Bank | Richard Norberg Ian Koplin

Eastern Bank Supports SPS New England’s Transition to Complete Employee-Ownership

After working with SPS New England since 2017, Eastern Bank is now providing a term loan to support SPS New England’s conversion to employee ownership through the implementation of an Employee Stock Ownership Plan.

June 9, 2023 Eastern Bank | Greg Buscone | SPS New England | Wayne P. Capolupo Ian Koplin

Eastern Bank Launches Equity Alliance for Business

Eastern Bank launched Equity Alliance for Business to further advance the growth of business owners who are women or people of color and all their intersectionality, including the LGBTQIA+, veterans and disabled communities.

Eastern Bank Provides $3MM in Financing to Done Right Building Services

Eastern Bank welcomed Done Right Building Services (DRB Facility Services) as a new commercial customer. DRB Facility Services provides comprehensive facilities services.

January 19, 2023 Dan Field | DRB Facility Services | Eastern Bank | Greg Buscone | James Murphy Ian Koplin

Five-Lender Syndicate Provides $250MM Credit Facility to Charles River Associates

Charles River Associates (CRA), a provider of economic, financial and management consulting services, entered into a new and expanded revolving credit facility with a bank syndicate comprised of five lenders.

Eastern Bank Names Mills Senior Vice President and Commercial Relationship Manager of ABL

Justin Mills joined Eastern Bank as a senior vice president and commercial relationship manager focused on asset-based lending. Based in Boston, Mills’ experience spans asset-based lending as well as broader commercial lending.

July 28, 2022 Eastern Bank | Gregory Buscone | Justin Mills Ian Koplin

Eastern Bank Provides $7.5MM Working Capital Financing to Asian Atlantic Industries

Eastern Bank provided $7.5 million in working capital financing to Asian Atlantic Industries (AAI) and welcomed it as a new asset-based lending customer. AAI is a global supplier of electronic components and semiconductors.

Eastern Bank Adds Charles D. Sheehy as Commercial Banking Customer

Charles D. Sheehy is a new commercial banking customer of Eastern Bank, which will provide financing for a working line of credit, term loan and commercial real estate mortgage to support the company’s ongoing financial and growth needs.

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