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Out-of-State Banks Muscle in on Local Markets

Out-of-State Banks Muscle in on Local Markets

by The Registry Review | Oct 10, 2022 | Banking & Lending

Banks in New Hampshire and New England are facing fresh headwinds as an uncertain economy, rising interest rates and inflation take a toll on both the residential and commercial sides of the lending ledger.  Nonetheless, the first half of 2022 was a strong one for...
Eastern Bank to Change Overdraft Fee Policy, Look for Mergers

Eastern Bank to Change Overdraft Fee Policy, Look for Mergers

by Diane McLaughlin | Apr 29, 2022 | Banking & Lending

As more national and local banks continue to reduce or eliminate fees for overdraft and nonsufficient funds, Boston-based Eastern Bank will also make changes to these fees later this year.  Jim Fitzgerald, Eastern Bank’s chief financial officer and chief...
Eastern, Century Get Regulatory OK for Merger

Eastern, Century Get Regulatory OK for Merger

by The Registry Review | Sep 28, 2021 | Banking & Lending

Boston-based Eastern Bank and Medford-based Century Bank say they have all the regulatory approvals they need to consummate their merger deal. The banks issued a joint statement yesterday afternoon saying the state Division of Banks, the Federal Deposit Insurance...
Eastern Bank to Change Overdraft Fee Policy, Look for Mergers

Eastern Bank to Search for M&A Opportunities

by Diane McLaughlin | Jan 30, 2021 | Banking & Lending

After finishing up its first quarter as a public bank, Eastern Bank in the year ahead plans to reduce expenses as it looks to make larger bank acquisitions than it had in the past.  “Armed with $1.7 billion from our capital raise, we believe that we are positioned...
Eastern Conversion Could Echo Through Industry

Eastern Conversion Could Echo Through Industry

by Diane McLaughlin | Jul 6, 2020 | Banking & Lending

When Eastern Bank completes its planned initial public offering later this year, it will go from being the country’s oldest and largest mutual bank to a stock bank.  And this transformation will affect more than the place the Boston-based bank, which entered the New...
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