Welcome to our dedicated page for Eastern Bankshares news (Ticker: EBC), a resource for investors and traders seeking the latest updates and insights on Eastern Bankshares stock.
Eastern Bankshares, Inc. (NASDAQ: EBC) is the holding company for Eastern Bank, which it describes as Greater Boston’s leading local bank. News about EBC often centers on its regional banking activities, commercial lending relationships, wealth management initiatives and corporate developments. Eastern Bank operates approximately 109 to 110 branches across eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut, and provides banking and wealth management solutions for consumers and businesses of all sizes.
The EBC news feed highlights announcements of new commercial banking customers and financing arrangements, such as working capital facilities, revolving lines of credit and cash management services for companies in sectors ranging from security solutions to marketing logistics. Releases also cover Eastern’s recognition as a top SBA 7(a) lender in Massachusetts, reflecting its role in small business lending and programs like its Equity Alliance for Business, which is designed to support women and entrepreneurs of color.
Investors and analysts following Eastern Bankshares, Inc. will find regular updates on quarterly earnings release dates, conference calls and webcasts, as well as detailed financial results and commentary from management on loan growth, profitability metrics, net interest margin and asset quality. Corporate actions, including share repurchase authorizations, dividend declarations and governance matters, are also disclosed through company news and related SEC filings.
Another key theme in EBC news is merger and acquisition activity. Eastern has reported on its agreement to acquire HarborOne Bancorp, Inc., the receipt of required regulatory approvals and the completion of the merger, including the proration of stock and cash consideration for HarborOne shareholders and the integration of HarborOne Bank into Eastern Bank. For ongoing coverage of these developments and other company updates, the EBC news page aggregates press releases and third-party reports in one place.
Eastern Bankshares (NASDAQ: EBC) and HarborOne Bancorp (NASDAQ: HONE) have received all necessary regulatory approvals for their previously announced merger. The transaction is expected to close around November 1, 2025, creating a $30 billion community-focused organization.
Following the merger completion, HarborOne Bank will operate as a division of Eastern Bank for approximately four months. The full integration of banking systems is scheduled for February 21, 2026. The merger will strengthen Eastern's presence in Greater Boston and expand its branch network into Rhode Island, combining Eastern's 109 branches with HarborOne's 30 banking centers.
Eastern Bankshares (NASDAQ: EBC) and HarborOne Bancorp (NASDAQ: HONE) announced the mailing of stock/cash election forms for their pending merger. Under the agreement, HarborOne shareholders can choose to receive either 0.765 shares of Eastern common stock, $12.00 in cash per share, or a combination of both.
The election deadline is expected to be 5:00 PM ET on October 28, 2025. The merger, previously approved by HarborOne shareholders on August 20, 2025, is anticipated to close on November 1, 2025, subject to regulatory approvals. The deal structure ensures that 75-85% of HarborOne shares will be converted to Eastern stock, with the remainder receiving cash consideration.
Eastern Bank (NASDAQ:EBC) has announced a new commercial banking relationship with LOUD Security Systems, a leading security systems provider. Eastern Bank is providing $7.5 million in financing to support LOUD's growth initiatives, including a revolving line of credit and treasury management services.
LOUD Security Systems, founded in 1995 and based in Kennesaw, Georgia, serves nearly 13,000 customers across metro Atlanta and 20 states. The company specializes in security, fire, access control, and video systems for residential, commercial, and government customers.
Eastern Bank (NASDAQ:EBC) has announced a new asset-based lending partnership with Genuine Foods, a Boston-based foodservice management company. Genuine Foods, founded in 2013, specializes in providing food services to educational institutions and senior living communities across 16+ states, having delivered over 16 million meals in the past year.
The banking relationship includes a line of credit and treasury management services to support Genuine Foods' business operations and growth. The company's focus aligns with Eastern Bank's commitment to community impact and purpose-driven business practices.
Engageware, a provider of AI-powered customer engagement solutions, has appointed Dan O'Malley as its new Chief Executive Officer. O'Malley brings over 20 years of experience in financial services and technology, most recently serving as Co-Founder and CEO of Numerated, which was acquired by Moody's (NYSE:MCO) in 2024.
O'Malley joins Engageware at a time of significant growth, with the company's AI platform approaching one billion AI interactions and serving over 600 customers, including many of the top 30 U.S. banks. The company's platform integrates three core solutions: AI Agents, appointment scheduling, and knowledge management. Former CEO Rick Lowrey will continue serving as Executive Chairperson.
Eastern Bankshares (NASDAQ: EBC), the holding company for Eastern Bank, has announced its participation in the Barclays 23rd Annual Global Financial Services Conference. CEO Denis Sheahan and CFO David Rosato will engage in a fireside chat on September 8, 2025 at 3:30 PM ET.
Investors can access the live audio webcast through Eastern's investor relations website at investor.easternbank.com, where a replay will also be available after the event.
Eastern Bank (NASDAQ:EBC) has appointed Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales in its Commercial Banking division. LeMay brings over 25 years of experience in advising commercial clients on interest rate risk management and derivative products.
Prior to joining Eastern Bank, LeMay served as SVP, Treasury Capital Markets Trading Manager at M&T Bank, where she played a crucial role in the LIBOR to SOFR transition. She previously led the Interest Rate Derivatives program at People's United Bank, transforming it into a key revenue driver.
Eastern Bankshares (NASDAQ: EBC) reported strong Q2 2025 financial results with net income of $100.2 million ($0.50 per diluted share) and operating net income of $81.7 million ($0.41 per diluted share). The bank achieved a return on average assets of 1.60% and return on average tangible equity of 16.44%.
Key highlights include: 8% annualized loan growth, net interest margin expansion of 21 basis points to 3.59%, and improved asset quality with non-performing loans decreasing to 0.30% of total loans from 0.51%. Period-end deposits grew by $424 million to $21.2 billion, primarily driven by municipal balances, while maintaining stable deposit costs.
The company declared a quarterly cash dividend of $0.13 per share and repurchased 183,053 shares at an average price of $16.36. Integration planning with HarborOne is progressing well, focusing on delivering a seamless transition.
Eastern Bank (NYSE:EBC) has been recognized for the second consecutive year as a Best Place to Work for Disability Inclusion on the 2025 Disability Index® by Disability:IN. The bank's commitment to disability inclusion is demonstrated through its comprehensive health and wellness benefits, employee-led disAbility Advocacy Alliance resource group, and initiatives supporting both apparent and nonapparent disabilities.
The recognition highlights Eastern's people-first culture and its efforts to create an inclusive workplace. Notable initiatives include co-hosting a screening of "The 17 Percent," featuring neurodiverse business owner and Eastern customer Collette Divitto, demonstrating the bank's commitment to supporting entrepreneurs with disabilities.
Eastern Bank Foundation (NASDAQ:EBC) has appointed Eva A. Millona as Foundation Fellow to lead its new Career-Focused English Proficiency Initiative (CFEPI). The Foundation has committed $10 million over three years to create a career-focused English learning system.
Millona, a former presidential appointee at the U.S. Department of Homeland Security and ex-CEO of Massachusetts Immigrant and Refugee Advocacy Coalition (MIRA), brings extensive experience in immigration and integration policy. The initiative aims to address Massachusetts' projected workforce decline of 180,000 workers by 2030, focusing on economic inclusion and mobility through enhanced English proficiency programs.