Eastern Bank Adds Asset-Based Lending Expert to Expand Middle-Market Financing

Event summary

  • Jarrad Herzog joins Eastern Bank as Senior Vice President, Asset-Based Lending Relationship Manager, bringing over a decade of experience in middle-market financing.
  • Herzog previously served as Senior Vice President at Beacon Bank & Trust and spent over 10 years at BDC Capital Corporation.
  • Eastern Bank manages approximately $25.5 billion in assets as of September 30, 2025, with $9.2 billion in assets under management through its wealth management divisions.
  • Herzog is an active member in several professional networks, including the Secured Finance Network and the Association for Corporate Growth.

The big picture

Eastern Bank's hire of Jarrad Herzog underscores its strategic focus on expanding asset-based lending capabilities, a critical segment for middle-market companies. This move comes amid increasing competition in the regional banking sector, where specialized lending solutions are becoming a key differentiator. With approximately $25.5 billion in assets, Eastern Bank is positioning itself to better serve businesses seeking tailored financing options.

What we're watching

Market Expansion
How Eastern Bank will leverage Herzog's expertise to penetrate deeper into the middle-market lending space.
Competitive Positioning
Whether Eastern Bank can differentiate itself from competitors like Beacon Bank & Trust in asset-based lending.
Client Acquisition
The pace at which Eastern Bank can onboard new clients through Herzog's established professional networks.