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Eastern Bankshares Priced, Nasdaq: EBC

Massachusetts bank with 89 branches in eastern Massachusetts and New Hampshire.

Industry: Financials

First Day Return: +21.5%

Industry: Financials

Eastern Bank is a Massachusetts-chartered bank headquartered in Boston that has served our community for over 200 years. Founded in 1818 as a local savings bank, we have evolved over the years into a diversified commercial bank, providing a broad array of products and services to retail, commercial and small business customers. We operate primarily in the greater Boston market with 89 banking offices located in eastern Massachusetts and southern and coastal New Hampshire. We have two business segments: banking and insurance agency operations. As of March 31, 2020, we had consolidated total assets of $12.3 billion, total gross loans of $9.1 billion, total deposits of $10.3 billion and total stockholders’ equity of $1.7 billion. Our mission is to invest in our customers, communities and colleagues to help them prosper and grow. We pride ourselves on understanding our customers’ financial needs and delivering a diverse suite of tailored, high-quality solutions through a consultative approach that fosters long-term relationships. We have stayed true to our communities since 1818, especially over the last few decades through the generosity of the Eastern Bank Charitable Foundation and the robust volunteerism of our talented employees.
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Eastern Bankshares (EBC) Performance