HOLDCO ASSET MANAGEMENT ISSUES PUBLIC PRESENTATION TO THE BOARD OF DIRECTORS OF EASTERN BANKSHARES, INC.

Rhea-AI Summary

Eastern Bankshares (NASDAQ: EBC) received a public presentation from HoldCo Asset Management on October 31, 2025. HoldCo said it manages approximately $2.6 billion in regulatory assets under management and disclosed that it owns common stock of Eastern Bankshares, giving it an economic interest in the company’s share price. The presentation was delivered to the Independent Board of Directors and is available online at the link provided by HoldCo.

FORT LAUDERDALE, Fla., Oct. 31, 2025 /PRNewswire/ -- Today, HoldCo Asset Management, LP ("HoldCo"), a Florida-based investment firm managing approximately $2.6 billion in regulatory assets under management, issued a presentation to the Independent Board of Directors of Eastern Bankshares, Inc. entitled "Some of our shareholders would hear me say this and get very upset that I wasn't talking about our purpose being for the shareholders."

The presentation may be found at the following link: https://holdcoam.co/EBC_Oct31

In the presentation, HoldCo disclosed that it owns common stock of Eastern Bankshares, Inc. (NASDAQ Global Select Market: EBC) and consequently has an economic interest in the price of these securities.

About HoldCo Asset Management, LP

HoldCo Asset Management, LP is an investment adviser located in Fort Lauderdale, Florida. HoldCo was founded by Vik Ghei and Misha Zaitzeff. HoldCo currently has approximately $2.6 billion of regulatory assets under management.

Disclaimer

As of the publication date of this report, a fund managed by HoldCo has a long position in Eastern Bankshares, Inc. through ownership of its common stock. HoldCo may change its views about its investment positions in Eastern Bankshares, Inc. at any time, for any reason or no reason, and at any time may change the form or substance of any of its related or unrelated investment positions. If it does so, it will not be under obligation to inform anyone and does not intend to do so unless required by law.

All content in this press release and referenced presentation represent the opinions of HoldCo and are for discussion and general information purposes only. HoldCo has obtained all information herein from publicly available sources, and such information is presented "as is," without warranty of any kind whether express or implied. All data and other information are not warranted as to completeness or accuracy and reflect HoldCo's views as of this date, all of which are accordingly subject to change without notice.

This document is not intended to be, nor should it be construed as, a marketing or solicitation vehicle for HoldCo or any fund managed by HoldCo, and it is not investment advice, an investment recommendation, or an offer to buy or sell or the solicitation of an offer to buy or sell any securities, including without limitation any interests in a fund managed by and/or associated with HoldCo. Any offer or solicitation may only be made pursuant to a private placement memorandum, agreement of limited partnership, or similar or related documents, which will only be provided to qualified offerees and should be reviewed carefully and in their entirety by any such offerees prior to making or considering a decision to invest in any HoldCo managed fund.

The information contained in this document may include, or incorporate by reference, forward-looking statements, which would include any statements that are not statements of historical fact. These forward-looking statements may turn out to be wrong and can be affected by inaccurate assumptions or by known or unknown risks, uncertainties and other factors. There can be no assurance that forward-looking statements will materialize or that actual results will not be materially different than those presented.

 

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SOURCE HOLDCO ASSET MANAGEMENT

FAQ

What did HoldCo Asset Management present to the Eastern Bankshares (EBC) board on October 31, 2025?

HoldCo presented a public slide deck to the Independent Board of Directors and disclosed its ownership stake and economic interest in EBC.

How much regulatory assets under management does HoldCo Asset Management report in the October 31, 2025 presentation?

The presentation states HoldCo manages approximately $2.6 billion in regulatory assets under management.

Does the HoldCo presentation publicly confirm ownership of Eastern Bankshares (EBC) stock?

Yes. HoldCo disclosed that it owns common stock of Eastern Bankshares and has an economic interest in the share price.

Where can investors view the HoldCo presentation to the Eastern Bankshares board dated October 31, 2025?

The presentation is available at the link provided by HoldCo: https://holdcoam.co/EBC_Oct31.

Was the HoldCo presentation addressed to the Independent Board or to shareholders of Eastern Bankshares (EBC)?

The presentation was issued to the Independent Board of Directors of Eastern Bankshares.

Could the HoldCo presentation affect Eastern Bankshares (EBC) shareholders or stock price?

The presentation discloses activist interest and ownership, which market participants may view as relevant to EBC share dynamics.