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Industry Center - Money Center Banks
Industry Center > Money Center Banks > Eastern Bank Corporation Company Profile
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Eastern Bank Corporation Company Profile
Mutually owned Eastern Bank has more than 80 branches throughout Massachusetts. Founded in 1818, the bank offers retail and commercial banking products, including checking and savings accounts, investments, and credit cards. Its lending activities focus on commercial loans and leases, residential mortgages, and consumer loans. The bank also provides wealth management services and offers mutual funds and alternative investments through a third party provider. Insurance agency subsidiary Eastern Insurance offers personal and commercial coverage, group health and life insurance, employee benefit plans, and 401(k) administration through more than 25 locations.
Contact Information
Address: 265 Franklin St.
Boston, MA 02110-3113
Phone:617-897-1008
Fax:617-897-1105
Financial Highlights
Fiscal Year End:December
Revenue (2008):470.10 M
Revenue Growth (1 yr):(-3.50%)
Employees (2008):1,613
Employee Growth (1 yr):9.80%
Key People
Chairman, President, and CEO; Chairman and CEO, Eastern Bank: Richard E. Holbrook
CFO and Treasurer; CFO, Eastern Bank Management: Charles M. Johnston
SVP Marketing and Public Relations, Eastern Insurance Group: Joseph J. (Joe) Bartolotta
Industry Information
Sector: Financial
Industry: Money Center Banks
Top Competitors
Bank of America Corporation (bac)
Sovereign Bancorp, Inc.
TD Bank, N.A.
 


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