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.
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 welcomed Done Right Building Services (DRB Facility Services) as a new commercial customer. DRB Facility Services provides comprehensive facilities services.
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.
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.
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.
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.
Eastern Bank appointed Gregory P. Buscone, Martha A. Dean, Timothy J. Lodge, Matthew A. Osborne and Sujata Yadav to its management committee.