Item 5.02 Departure of Directors or Principal Officers; Election of
Directors; Appointment of Certain Officers; Compensatory
Arrangements of Certain Officers
On April 28, 2009, Meridian Interstate Bancorp, Inc. (the "Company") and its
subsidiary, East Boston Savings Bank (the "Bank"), agreed to hire Gregory
Derderian, CPA as the new Chief Financial Officer of the Company and Bank. Mr.
Derderian is expected to commence his duties on May 18, 2009.
Mr. Derderian, age 43, served as Chief Financial Officer and Treasurer of
Mechanics Co-operative Bank in Taunton, Massachusetts beginning in 2003. He has
also held the title of Executive Vice President since January 2008. Mr.
Derderian held various finance positions at First Fed America Bancorp from 1997
to 2003. He was an internal auditor from 1991 to 1995 with Washington Trust
after working for four years with Ward, Fisher & Co CPAs.
A press release announcing Mr. Derderian's hiring is filed as Exhibit 99 to this
Current Report.
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