What Does Eastern Bank Do?

Total employees1945
HeadquartersBoston
Founded1818

Eastern Bank is a full-service commercial bank headquartered in Boston, Massachusetts. Founded in 1818 as the Salem Savings Bank, it is the oldest and largest mutual bank in the United States and the largest community bank in Massachusetts. Eastern Bank provides a comprehensive suite of financial products and services, including personal banking (checking, savings, mortgages), business banking (loans, cash management), wealth management, and insurance services. It primarily serves communities across eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island, emphasizing its commitment to local communities, customer service, and corporate citizenship through its 'Join Us For Good' philosophy.

Where Is Eastern Bank's Headquarters?

HQ Function

The headquarters serves as the central command for Eastern Bank's corporate strategy, executive leadership, administrative operations, and specialized banking functions supporting its extensive branch network and digital services.

Notable Features:

Located in a modern high-rise office building, offering state-of-the-art facilities and a prominent presence in Boston's financial hub. The location provides excellent accessibility for employees and clients.

Work Culture:

Eastern Bank fosters a work culture centered on community engagement, inclusivity, ethical practices, and customer advocacy. It emphasizes teamwork, professional growth, and a commitment to making a positive impact in the regions it serves.

HQ Significance:

The Boston headquarters symbolizes Eastern Bank's evolution from a local savings bank to a major regional financial institution, underscoring its long-standing commitment to New England's economic vitality and community well-being.

Values Reflected in HQ: The headquarters' location and functionality reflect Eastern Bank's values of stability, professionalism, community focus, and forward-looking financial services.

Location:

Eastern Bank's primary operational focus is within the New England region of the United States, specifically serving Massachusetts, New Hampshire, and Rhode Island. It does not maintain an international network of physical branches. However, it supports its customers' international banking needs through services such as international wire transfers and by leveraging correspondent banking relationships for businesses engaged in global trade.

Street Address:

265 Franklin Street

City:

Boston

State/Province:

MA

Country:

USA

Where Else Does Eastern Bank Operate Around the World?

Lynn, MA, USA

Address: 195 Market St, Lynn, MA 01901

Supports the operational backbone of Eastern Bank's services throughout Massachusetts and other New England states, ensuring efficient processing and service delivery.

Providence, RI, USA

Address: 10 Orms St, Providence, RI 02904

Expands Eastern Bank's community-focused banking model into Rhode Island, providing accessible financial solutions and support to local residents and businesses.

Portsmouth, NH, USA

Address: 501 Islington St, Portsmouth, NH 03801

Strengthens Eastern Bank's presence in New Hampshire, catering to the financial needs of the local community and contributing to regional economic growth.

Buying Intent Signals for Eastern Bank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading Eastern Bank? Meet the Executive Team

As of April 2025, Eastern Bank' leadership includes:

Robert F. Rivers - Chair and Chief Executive Officer, Eastern Bankshares, Inc. and Eastern Bank
James B. Fitzgerald - Vice Chair, Chief Financial Officer and Chief Administrative Officer
Kathleen C. Henry - Chief Human Resources Officer, General Counsel and Corporate Secretary
Donald M. Westervelt - Chief Risk Officer
Lee Powlus - Executive Vice President, Head of Commercial Banking
Daniel O'Malley - Executive Vice President, Chief Digital Officer

Who's Investing in Eastern Bank?

Eastern Bank has been backed by several prominent investors over the years, including:

Publicly Traded on Nasdaq (Ticker: EBC)
The Vanguard Group, Inc.
BlackRock Inc.
Dimensional Fund Advisors LP
State Street Corporation

What Leadership Changes Has Eastern Bank Seen Recently?

Hire1
Exits1

Over the past year, Eastern Bank has seen significant leadership transitions, including the departure of its President and the strategic appointment of a new Head of Commercial Banking, signaling ongoing evolution in its executive team.

Departures

Quincy L. Miller, Quincy L. Miller departed from his role as Vice Chair and President, effective January 2, 2024, to pursue a new professional opportunity.

New Appointments:

Lee Powlus, Lee Powlus was appointed as Executive Vice President, Head of Commercial Banking, starting February 26, 2024, bringing extensive commercial banking leadership to the team.

What Technology (Tech Stack) Is Used byEastern Bank?

Discover the tools Eastern Bank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Eastern Bank Email Formats and Examples

Eastern Bank primarily utilizes a standard email format for its employees, typically combining the employee's first and last name with the 'easternbank.com' domain. Knowing this pattern can be helpful for legitimate business correspondence.

firstname.lastname@easternbank.com

Format

jane.doe@easternbank.com

Example

90%

Success rate

What's the Latest News About Eastern Bank?

Business WireMay 7, 2024

Eastern Bankshares, Inc. Announces Quarterly Dividend

Eastern Bankshares, Inc. (NASDAQ Global Select Market: EBC), the stock holding company for Eastern Bank, announced that its Board of Directors has declared a quarterly cash dividend of $0.11 per common share, payable on June 14, 2024, to shareholders of record as of June 3, 2024....more

Business WireApril 25, 2024

Eastern Bankshares, Inc. Announces First Quarter 2024 Financial Results and Declares Quarterly Cash Dividend

Eastern Bankshares, Inc. reported its first quarter 2024 financial results, including net income of $31.9 million, or $0.20 per diluted share. The company also declared its regular quarterly cash dividend....more

Business WireFebruary 26, 2024

Eastern Bankshares, Inc. Announces Lee Powlus to Join as Head of Commercial Banking

Eastern Bankshares, Inc. announced that Lee Powlus will join the Company as Executive Vice President, Head of Commercial Banking, effective February 26, 2024. Powlus will report to Bob Rivers, Chief Executive Officer and Chair of the Board of Eastern Bankshares, Inc. and Eastern Bank....more

PR NewswireJanuary 22, 2024

Eastern Bank Foundation Issues More Than $1.6 Million In Grants To 201 Non-Profit Organizations In Final Funding Cycle Of 2023

The Eastern Bank Foundation announced the issuance of over $1.6 million in grants to 201 non-profit organizations as part of its commitment to supporting communities across Massachusetts, New Hampshire, and Rhode Island....more

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