Meridian Bancorp, Inc. operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Middlesex, and Essex Counties, Massachusetts. The company accepts various deposit products, such as non-interest-bearing demand deposits comprising checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. Its loan portfolio consists of commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans, including mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans, such as residential construction and land loans for professional home builders and developers; commercial and industrial loans; home equity lines of credit; and consumer loans, including automobile loans, loans secured by passbook or certificate accounts, and overdraft loans. In addition, it provides non-deposit financial products comprising mutual funds, annuities, stocks, and bonds through a third party broker-dealer; and long-term care insurance products. Further, the company is involved in securities transactions business; and holding foreclosed real estate properties. As of December 31, 2015, it operated through a network of 29 full service offices and 3 loan centers. The company was founded in 1848 and is based in Peabody, Massachusetts.