Eastern Bank Completes Centrix Bank & Trust Buy
Eastern Bank completed its acquisition of Centrix Bank & Trust, creating a $9.5 billion institution.
October 28, 2014
Centrix Bank & Trust | Eastern Bank
ABF Journal
Eastern Bank completed its acquisition of Centrix Bank & Trust, creating a $9.5 billion institution.
Eastern Bank’s recent growth has led to its launch of an asset-based lending unit, headed by Robert Barnhard as team leader. Drawing upon experience gained at RBS Citizens, LaSalle Bank, IBJ Schroder and Gordon Brothers Finance, Barnhard has just the level of expertise the bank needs to become a go-to asset-based lender.
The Boston Business Journal reported that Eastern Bank plans to launch an asset-based lending practice and that it has hired Bob Barnhard, from Commerce Bank, to lead the new team.