Denise LeMay Joins Eastern Bank As Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking

BOSTON--(BUSINESS WIRE)-- Eastern Bank is pleased to welcome Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking. Ms. LeMay brings over 25 years of experience advising commercial clients on interest rate risk management and structuring complex financial solutions through derivative products.

“It’s a pleasure to welcome Denise LeMay to our commercial banking team,” said Greg Buscone, Executive Vice President, Chief Commercial Banking Officer of Eastern Bank. “She fills an important role helping commercial businesses manage risk associated with currency fluctuations and interest rates, customized to their domestic and global business needs.”

Most recently, Ms. LeMay served as Senior Vice President, Treasury Capital Markets Trading Manager at M&T Bank where she advised commercial clients on the use of derivative products to manage interest rate risk, collaborated with relationship managers to identify hedging opportunities, and played a key role in efforts around the London Interbank Offered Rate (LIBOR) to Secured Overnight Financing Rate (SOFR) transition. Previously, she built and led the Interest Rate Derivatives program at People’s United Bank, growing it into a key revenue driver and serving as a senior member of the LIBOR Cessation Steering Committee. Her other career roles include treasury and trading work at Webster Bank, Calamos Asset Management, and NCM Capital Management Group with a focus on risk management and market education.

“I’m thrilled to join Eastern Bank’s Commercial Banking team, which is known for putting clients first and a focus on personalized relationship banking, and I look forward to offering practical solutions to help customers meet their business goals,” said Denise LeMay, Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking of Eastern Bank.

Eastern Bank provides a range of commercial financing offerings to help companies across many industries improve cash flow, increase efficiencies and build for the future. Commercial lending solutions include working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending, franchise lending and employee stock ownership plan-related financing. Additional services include foreign exchange solutions.

About Eastern Bank

Founded in 1818, Eastern Bank is Greater Boston’s leading local bank with approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of June 30, 2025, Eastern had approximately $25.5 billion in assets. Eastern provides a full range of banking and wealth management solutions for consumers and businesses of all sizes including through its Cambridge Trust Wealth Management division, the largest bank-owned independent investment advisor in Massachusetts with $8.7 billion in assets under management, and takes pride in its outspoken advocacy and community support that includes more than $240 million in charitable giving since 1994. An inclusive company, Eastern is comprised of deeply committed professionals who value relationships with their customers, colleagues and communities. Join us for good at www.easternbank.com and follow Eastern on Facebook, LinkedIn, and Instagram. Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit investor.easternbank.com.

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Media contact:

Andrea Goodman

Eastern Bank

a.goodman@easternbank.com

781-598-7847



Investor contact:

Andrew Hersom

Eastern Bankshares, Inc.

InvestorRelations@easternbank.com

860-707-4432

Source: Eastern Bank