BOSTON, MA, June 4, 2026 – Eastern Bank today announced it has provided financing to support the conversion of Surety Bond Professionals (SBP), a Massachusetts-based, independent surety-only agency, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP), a revolving line of credit to...
New luxury multifamily housing development supports long-term growth and revitalization efforts in Warwick’s City Centre districtBOSTON, MA, May 21, 2026 – Eastern Bank is pleased to announce it has led the financing of Wood Partners’ Alta Altitude housing project, a 214-unit luxury, 100% market-rate apartment development in Warwick, RI. Eastern provided a $31 million construction loan for the...
Yongmei Chen Promoted to Commercial Group Director of Community Development LendingBOSTON, MA, May 7, 2026 – Eastern Bank today announced a key leadership update within its Commercial Lending Team. Senior Vice President Yongmei Chen has been promoted to Commercial Group Director of Community Development Lending. She succeeds Pamela Feingold, who served in the role until her passing on...
BOSTON, MA, March 25, 2026 – Eastern Bank today announced that Jennifer Wambold, Senior Vice President of Total Rewards and Benefits, has been promoted to Executive Vice President, Chief People Officer and appointed to Eastern’s Management Committee. Ms. Wambold joined Eastern in 2025 to lead compensation, benefits and recognition strategies that support Eastern’s talent objectives. In her...
The 13‑story development will create 57 affordable rental units and 55 mixed‑income homeownership units for households in Mission HillBOSTON, MA, March 12, 2026 – Eastern Bank is pleased to announce financing for 775 Huntington Avenue, a new mixed-income residential development located in the Mission Hill neighborhood of Boston. Sponsored by Roxbury Tenants of Harvard (RTH), the project will create...
Ms. Bomster Brings More Than 25 Years Of Legal Experience In Trust & Estate Administration And Special Needs PlanningBOSTON, MA, March 4, 2026 – Eastern Bank is pleased to announce Judith L. Bomster, J.D., as a Senior Vice President, Senior Trust Officer with Cambridge Trust Wealth Management. Ms. Bomster brings more than...
Eastern Is Recognized As A Leader In LGBTQ+ Workplace Inclusion And EqualityBOSTON, MA, February 19, 2026 – Eastern Bank announced today that for the twelfth consecutive year, it received a score of 100 on the Human Rights Campaign Foundation’s 2026 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to...
BOSTON, MA, February 12, 2026 – Eastern Bank today announced it has provided financing to support the conversion of BostonbeaN Coffee Company (BostonbeaN), a leading provider of coffee, pantry and breakroom solutions, to a 100% employee-owned company. The financing includes a term loan to facilitate the establishment of an Employee Stock Ownership Plan (ESOP) as well as...
BOSTON, MA, January 29, 2026 – Eastern Bank is pleased to announce $15.5 million in construction financing to Causeway Development for the conversion of a historic mill building at 142 Main Street in downtown Brockton. The project will provide 30 mixed-income housing units—10 market-rate, 15 affordable (up to 60% of the Area Median Income (AMI), and five Massachusetts Rental Voucher Program (MRVP)...
Mr. Herzog Brings Experience In A Range of Financing Solutions For Middle-Market CompaniesBOSTON, MA, January 15, 2026 – Eastern Bank is pleased to welcome Jarrad Herzog as a Senior Vice President, Asset-Based Lending Relationship Manager. Mr. Herzog brings more than a decade of experience financing middle market companies through a variety of lending solutions, including CommerciaI &...
