Eastern Bank

OverviewSuggest Edit

Eastern Bank Corporation is a mutual bank. It offers banking services including mortgages, loans, checking, mobile and online banking, savings, credit and debit cards, and retirement planning to individuals and institutions.

TypePrivate
Founded1818
HQBoston, US
Websiteeasternbank.com
Employee Ratings3.2

Latest Updates

Employees (est.) (Jan 2020)1,451(-8%)
Job Openings87
Revenue (FY, 2018)$595.8 M(+10%)

Key People/Management at Eastern Bank

Bob Rivers

Bob Rivers

President & Chief Operating Officer
Paul Alexander

Paul Alexander

Chief Marketing and Communications Officer at Eastern Bank
Donald Westermann

Donald Westermann

Executive Vice President, Chief Information Officer
Ive Gonzalez

Ive Gonzalez

VP, Talent Acquisition and Inclusion Director at Eastern Bank
Pedro Arce

Pedro Arce

Vice President- Business Banking Group
Steven Antonakes

Steven Antonakes

Executive Vice President, Enterprise Risk Management Director
Show more

Eastern Bank Office Locations

Eastern Bank has an office in Boston
Boston, US (HQ)
265 Franklin St
Show all (1)

Eastern Bank Financials and Metrics

Summary Metrics

Founding Date

1818
Show all financial metrics

Eastern Bank Revenue

Eastern Bank's revenue was reported to be $595.76 m in FY, 2018 which is a 9.7% increase from the previous period.
USD

Revenue (FY, 2018)

595.8m

Revenue growth (FY, 2017 - FY, 2018), %

9.7%

Net income (FY, 2018)

122.7m

Cash (31-Dec-2018)

259.7m
USDFY, 2016FY, 2017FY, 2018

Revenue

468.3m543.1m595.8m

Revenue growth, %

16%10%

Depreciation and amortization

2.9m3.5m3.9m

Interest expense

5.6m6.9m25.1m
USDFY, 2016FY, 2017FY, 2018

Cash

104.8m311.2m259.7m

Current Assets

9.8b

PP&E

75.1m73.7m66.5m

Goodwill

363.0m373.0m381.3m
USDFY, 2016FY, 2017FY, 2018

Net Income

62.7m86.7m122.7m

Depreciation and Amortization

14.9m18.9m20.1m

Cash From Operating Activities

100.3m50.8m201.4m

Purchases of PP&E

(9.9m)(12.4m)(9.0m)
USDY, 2018

Revenue/Employee

401.3k
Show all financial metrics

Eastern Bank Operating Metrics

Eastern Bank's Total Deposits was reported to be $9.4b in FY, 2018. Eastern Bank's Total Loans was reported to be $8.9b in FY, 2018.
FY, 2016FY, 2017FY, 2018

Non-accrual Loans

$20.29 m$18.17 m$26.17 m

Total Deposits

$8.19 b$8.82 b$9.40 b

Total Loans

$7.71 b$8.23 b$8.86 b
Show all operating metrics

Eastern Bank Online and Social Media Presence

Embed Graph

Eastern Bank News and Updates

Eastern Bank Corporation Announces Record 2018 Financial Results

BOSTON, March 18, 2019 /PRNewswire/ -- Eastern Bank, America's oldest and largest mutual bank, today announced record financial performance in 2018, following record financial performance in 2017. Annual net income in 2018 was $122.7 million, more than 40 percent above last year's level....

Eastern Bank Honors Wellesley College President Paula Johnson with 2018 Social Justice Award

BOSTON, Dec. 14, 2018 /PRNewswire/ -- Last night, Eastern Bank honored Dr. Paula A. Johnson, President of Wellesley College, with its 2018 Social Justice Award. The award recognizes community leaders who have achieved outstanding impact in addressing social justice issues. Johnson was...

Aly Raisman and Eastern Bank Shine A Light On Child Sexual Abuse Prevention

BOSTON, Oct. 17, 2018 /PRNewswire/ -- In a first in the Boston business community, Eastern Bank teamed with its newest Partner for Good, Aly Raisman, to spark a conversation about child sexual abuse and the importance of adults to help break the silence around it, and to call on local...

Eastern Bank Opens New Branch In Roxbury

BOSTON, June 28, 2018 /PRNewswire/ -- Eastern Bank, America's oldest and largest mutual bank, today announced the official opening of a new branch in Roxbury. This is the first new bank branch opening in Roxbury in more than 20 years. Eight percent of the city's population lives in...

Eastern Bank Announces Aly Raisman as Partner For Good

BOSTON, June 13, 2018 /PRNewswire/ -- Eastern Bank, America's oldest and largest mutual bank, today announced its newest Partner For Good: World Champion, gold medal gymnast and ambassador for change, Aly Raisman.  Raisman, whose advocacy has given rise to a movement to help end sexu...

Eastern Bank Frequently Asked Questions

  • When was Eastern Bank founded?

    Eastern Bank was founded in 1818.

  • Who are Eastern Bank key executives?

    Eastern Bank's key executives are Bob Rivers, Paul Alexander and Donald Westermann.

  • How many employees does Eastern Bank have?

    Eastern Bank has 1,451 employees.

  • What is Eastern Bank revenue?

    Latest Eastern Bank annual revenue is $595.8 m.

  • What is Eastern Bank revenue per employee?

    Latest Eastern Bank revenue per employee is $410.6 k.

  • Who are Eastern Bank competitors?

    Competitors of Eastern Bank include Bank of the Ozarks, NBT Bancorp and Berkshire Hills Bancorp.

  • Where is Eastern Bank headquarters?

    Eastern Bank headquarters is located at 265 Franklin St, Boston.

  • Where are Eastern Bank offices?

    Eastern Bank has an office in Boston.

  • How many offices does Eastern Bank have?

    Eastern Bank has 1 office.