Eastern Bank

Eastern Bank is a bank based in Boston, Massachusetts. Before de-mutualizing in 2020, it was the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. With 95 branches, Eastern had a 3.2% market share in Massachusetts in 2016. It was founded in 1818 in Salem, and then moved to Lynn, Massachusetts. The company began an aggressive expansion campaign near the end of the 1990s and moved its headquarters to Boston's Financial District. In 2020, Eastern Bank announced plans to de-mutualize and become a publicly traded corporation.

This article is about the bank founded as Salem Savings Bank in 1818 in Massachusetts, USA. For the other banks with similar names, see Eastern Bank (disambiguation).
Eastern Bancshares, Inc.
Company typePublic
Traded as
Nasdaq: EBC
IndustryBanking
HeadquartersBoston, Massachusetts, U.S.
Key people
Robert F. Rivers (chairman and CEO)
Net income
US$154.7 million (2021)
Total assets US$23.5 billion (2021)
Websitewww.easternbank.com
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