Eastern Bankshares, Inc. (Eastern Bank)
Eastern Bank is a Boston, Massachusetts-based financial institution that operates as the primary subsidiary of its holding company, Eastern Bankshares, Inc. Founded in 1818 as Salem Savings Bank, it has grown to become a leading local bank in Greater Boston. The company's headquarters are located at 265 Franklin Street, Boston, MA.
Eastern Bank provides a comprehensive suite of banking and wealth management solutions for consumers and businesses of all sizes. Its offerings include personal banking services such as checking and savings accounts, mortgages, credit cards, and online and mobile banking. For businesses, it delivers business banking, commercial banking, and specialized lending services, including commercial real estate and asset-based lending. The institution also features wealth management and private banking divisions, including Cambridge Trust Wealth Management, positioning it as a significant independent investment advisor in Massachusetts.
As of March 31, 2026, Eastern Bank had approximately $30.6 billion in assets and operates over 125 branch locations across eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Denis Sheahan serves as the CEO of Eastern Bank. Recent notable activities include reporting its first-quarter 2026 financial results on April 23, 2026, and the promotion of Jennifer Wambold to Executive Vice President, Chief People Officer, and her appointment to the Management Committee on March 25, 2026.
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