Eastern Bank to Change Overdraft Fee Policy, Look for Mergers
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
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 Search for M&A Opportunities
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
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...This Week’s Paper: Digital Edition
