|
265 Franklin St. Boston, MA 02110-3113 MA Tel. 617-897-1008 Toll Free 800-327-8376 Fax 617-897-1105 |
Type: Private - Mutual Company
On the web:
http://www.easternbank.com
Employees:
1,613
Employee growth: 9.8%
Mutually owned Eastern Bank has more than 80 branches throughout Massachusetts. Founded in 1818, the bank offers retail and commercial banking products, including checking and savings accounts, investments, and credit cards. Its lending activities focus on commercial loans and leases, residential mortgages, and consumer loans. The bank also provides wealth management services and offers mutual funds and alternative investments through a third party provider. Insurance agency subsidiary Eastern Insurance offers personal and commercial coverage, group health and life insurance, employee benefit plans, and 401(k) administration through more than 25 locations.
Key numbers for fiscal year ending December, 2008:
Sales: $470.1M
One year growth: (3.5%)
Net income: $7.9M
Income growth: (87.4%)
Officers:
Chairman, President, and CEO; Chairman and CEO, Eastern Bank Management: Richard E. Holbrook
CFO and Treasurer; CFO, Eastern Bank Management: Charles M. Johnston
SVP Marketing and Public Relations, Eastern Insurance Group: Joseph J. (Joe) Bartolotta
Competitors:
Bank of America
Sovereign Bank
TD Bank USA
