Latest news with #EasternBank
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Eastern Bank Is Recognized By Disability:IN As A 2025 Best Place To Work For Disability Inclusion
Eastern Bank has been recognized for the second year in a row by Disability:IN as a Best Place to Work for Disability Inclusion on the 2025 Disability Index®. The Disability Index is the leading third-party benchmarking tool for evaluating corporate disability inclusion. 'We're honored to once again be recognized by Disability:IN for our commitment to disability inclusion, and thank them for raising awareness about the importance of disability inclusion in the workplace,' said Bob Rivers, Executive Chair and Chair of the Board Directors of Eastern Bank. 'Creating an environment where colleagues feel welcomed, supported and empowered is core to our organization because when everyone can contribute, innovation and the ability to add value to our customers and local communities are strengthened.' Eastern fosters a people first culture rooted in a high performing workplace where every employee has the opportunity to succeed. This includes providing health and wellness benefits to support apparent and nonapparent disabilities. Eastern's employee-led and executive sponsored Employee Resource Group 'disAbility Advocacy Alliance' helps to organize workplace practices as well as events that foster awareness and inclusion for people with disabilities and provide resources for their caregivers and allies. This included co-hosting a recent screening of The 17 Percent, a short film about Collette Divitto, a neurodiverse business owner and Eastern customer, to highlight the experiences of successful entrepreneurs with disabilities. The Disability Index® is the leading independent, third-party resource for the annual, confidential benchmarking of disability inclusion policies and programs in business. Companies earning a top score are recognized as a 'Best Place to Work for Disability Inclusion.' Disability:IN is the leading nonprofit resource for business disability inclusion. 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 March 31, 2025, Eastern had approximately $25.0 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 approximately $8.4 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 and follow Eastern on Facebook, LinkedIn, and Instagram. Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit .
Business Wire
16-07-2025
- Business
- Business Wire
Eastern Bank Is Recognized By Disability:IN As A 2025 Best Place To Work For Disability Inclusion
BOSTON--(BUSINESS WIRE)-- Eastern Bank has been recognized for the second year in a row by Disability:IN as a Best Place to Work for Disability Inclusion on the 2025 Disability Index®. The Disability Index is the leading third-party benchmarking tool for evaluating corporate disability inclusion. 'We're honored to once again be recognized by Disability:IN for our commitment to disability inclusion, and thank them for raising awareness about the importance of disability inclusion in the workplace,' said Bob Rivers, Executive Chair and Chair of the Board Directors of Eastern Bank. 'Creating an environment where colleagues feel welcomed, supported and empowered is core to our organization because when everyone can contribute, innovation and the ability to add value to our customers and local communities are strengthened.' Eastern fosters a people first culture rooted in a high performing workplace where every employee has the opportunity to succeed. This includes providing health and wellness benefits to support apparent and nonapparent disabilities. Eastern's employee-led and executive sponsored Employee Resource Group 'disAbility Advocacy Alliance' helps to organize workplace practices as well as events that foster awareness and inclusion for people with disabilities and provide resources for their caregivers and allies. This included co-hosting a recent screening of The 17 Percent, a short film about Collette Divitto, a neurodiverse business owner and Eastern customer, to highlight the experiences of successful entrepreneurs with disabilities. The Disability Index® is the leading independent, third-party resource for the annual, confidential benchmarking of disability inclusion policies and programs in business. Companies earning a top score are recognized as a 'Best Place to Work for Disability Inclusion.' Disability:IN is the leading nonprofit resource for business disability inclusion. 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 March 31, 2025, Eastern had approximately $25.0 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 approximately $8.4 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 and follow Eastern on Facebook, LinkedIn, and Instagram. Eastern Bankshares, Inc. (Nasdaq: EBC) is the holding company for Eastern Bank. For investor information, visit
Axios
16-07-2025
- Business
- Axios
Amid Trump cuts, Mass. leaders pour $20M into English language learning for workers
The Eastern Bank Foundation pledged $10 million to help adult workers learn English and employers fill vacant jobs. Why it matters: The public and private sectors are both investing in immigrant workers — amid the Trump administration's immigration crackdown and education funding freeze — in hopes of shrinking Massachusetts' workforce gap. Driving the news: Eastern Bank board chair Bob Rivers announced the funding for its "career-focused English proficiency initiative," which will roll out over three years. Rivers' announcement comes as state leaders celebrate the $10 million for English language training included in a recent spending package. The state also plans to offer $2.7 million in workforce grant funding so employers and nonprofits can help workers access English language training and other services. The big picture: Massachusetts' unemployment rate increased to 4.8% in May, with nearly 190,000 jobless workers, and many more are underemployed. The biggest barrier for foreign-born job seekers is English proficiency, officials and business leaders said Tuesday. Eliminating that barrier helps workers fill jobs in health care, finance, manufacturing and other industries. By the numbers: One in 10 workers in Massachusetts speaks limited English, state Education Secretary Patrick Tutwiler said. State adult education and English language programs serve around 30,000 people. Tutwiler estimates the $10 million in state funding will help up to 5,000 more English language learners. That's in addition to the prospective beneficiaries of the Eastern Bank Foundation initiative. What they're saying: "You are helping create the opportunity to change lives," Tutwiler said of those running English language programs. Context: The announcements come months after the Trump administration cut federal funding to nonprofits that teach adults English. Massachusetts and other states are now suing the Trump administration over frozen K-12 funding, including an estimated $20.5 million for English language learning in the state's K-12 schools. Schools statewide are reviewing their budgets and making adjustments in case the funding doesn't come before September, but Tutwiler said the state will keep fighting for the appropriated funds in court. What's next: The Eastern Bank Foundation plans to open applications and launch an English language learning pilot program later this year, says Eva Milona, a longtime immigrant advocate who served in the Biden administration.
Yahoo
13-07-2025
- Business
- Yahoo
HarborOne-Eastern Bank merger: Is your Brockton-area branch one of 13 slated to close?
Eastern Bank and Brockton-born HarborOne Bank aim to close 13 branches between them as part of their merger. That would leave 126 branch locations for the merged company in Massachusetts and Rhode Island. Pending regulatory approval, the 13 branches will likely begin closing in February 2026, said Eastern Bank President and CEO Quincy Miller. He said the banks are consolidating where branches are close to each other. "Our approach is what's best for the customers and I think we take a different approach than maybe some of the other banks," Miller said in a July 11 interview with The Enterprise. In Brockton, the Eastern Bank branch and drive-through at 276 Quincy St. would close. All HarborOne locations in the city would remain open. That will mean, post-merger, Brockton would have four full-service branches: 1265 Belmont St., 443 Belmont St., 68 Legion Parkway and 1601 Main St. Close to the Brockton line is another branch that's staying open: 472 Foundry St., North Easton Impact of merger What will HarborOne's merger with Eastern Bank mean for Brockton customers, employees? The combined bank will be branded as Eastern Bank. Miller expects signs at the HarborOne branches to be changed to Eastern Bank by end of March 2026. 64 Broad St., Boston14 West Broadway, Boston1608 Commonwealth Ave., Brighton473 Harvard St., Brookline1739 Massachusetts Ave., CambridgeOne Chestnut Place, Quincy101 Dudley St., Providence, RI 110 Main St., Bridgewater276 Quincy St., Brockton45 Main St., Lakeville71 Carver Road, West Plymouth35 Memorial Parkway, Randolph397 Washington St., Stoughton Source: Legal ad in Brockton Enterprise, June 27, 2025 Outdoor shower Brockton home sells for $610K; Bridgewater home sells for $533K If you use a particular branch that's closing, you can check the HarborOne or Eastern branch locators to see the nearest branch. In more than 95% of cases, Miller said, a branch within a mile of it will be staying open. The merger is expected to close Oct. 31, assuming that regulators agree and that HarborOne stockholders vote "yes." If you're reading this the morning of Monday, July 14, you have until the end of the day to file comments about the proposal with financial regulators. Here's how, according a legal ad placed in The Enterprise: File your comments in writing with the regional director of the Federally Insured Deposit Corp. at the FDIC Boston-area office, 15 Braintree Hill Office Park, Braintree, MA 02184. When bank leaders announced the merger proposal in April, they said the company would offer jobs to any employees currently at branches on the closure list. Miller confirmed that's still the plan. Some employees may discover, he said, that there's a branch that's an easier commute for them and request transfers. Wondering about a vacant building, construction site or other sign of change in or near Brockton? I'm veteran local reporter Chris Helms and I'll help you find out. Email your questions and tips to CHelms@ or connect on X at @HelmsNews. This article originally appeared on The Enterprise: Brockton Eastern Bank branch closing as part of HarborOne merger Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-07-2025
- Business
- Yahoo
3 Reasons EBC is Risky and 1 Stock to Buy Instead
Over the past six months, Eastern Bank's stock price fell to $16.12. Shareholders have lost 5.7% of their capital, which is disappointing considering the S&P 500 has climbed by 6.2%. This was partly driven by its softer quarterly results and may have investors wondering how to approach the situation. Is there a buying opportunity in Eastern Bank, or does it present a risk to your portfolio? Dive into our full research report to see our analyst team's opinion, it's free. Despite the more favorable entry price, we're cautious about Eastern Bank. Here are three reasons why EBC doesn't excite us and a stock we'd rather own. From lending activities to service fees, most banks build their revenue model around two income sources. Interest rate spreads between loans and deposits create the first stream, with the second coming from charges on everything from basic bank accounts to complex investment banking transactions. Eastern Bank's demand was weak over the last five years as its revenue fell at a 1.9% annual rate. This was below our standards and is a sign of lacking business quality. Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. For banks, tangible book value per share (TBVPS) is a crucial metric that measures the actual value of shareholders' equity, stripping out goodwill and other intangible assets that may not be recoverable in a worst-case scenario. Disappointingly for investors, Eastern Bank's TBVPS grew at a sluggish 3.5% annual clip over the last two years. Tangible book value per share (TBVPS) growth is driven by a bank's ability to earn more than its cost of capital through lending activities while maintaining a strong balance sheet. Over the next 12 months, Consensus estimates call for Eastern Bank's TBVPS to shrink by 3.5% to $12.26, a sour projection. Eastern Bank isn't a terrible business, but it doesn't pass our quality test. Following the recent decline, the stock trades at 1× forward P/B (or $16.12 per share). Investors with a higher risk tolerance might like the company, but we don't really see a big opportunity at the moment. We're fairly confident there are better stocks to buy right now. Let us point you toward the most entrenched endpoint security platform on the market. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Kadant (+351% five-year return). Find your next big winner with StockStory today. Sign in to access your portfolio
