Eastern Bank is a full-service bank headquartered in Boston, Massachusetts, offering banking, investments and insurance to individuals, families and businesses from a single institution. Founded in 1818, it has more than 200 years of continuous service and is described as Greater Boston's leading local bank. The bank grew from a modest savings bank into a leading regional institution, and today operates across Eastern Massachusetts, southern and coastal New Hampshire and Rhode Island.
Its business spans several technical domains: retail and commercial banking; wealth management and investment advisory; insurance; nonprofit lending; affordable housing finance; and community development finance. On the investment side, Eastern Bank is the largest bank-owned independent investment advisor in Massachusetts. Products are delivered as an integrated suite rather than in separate lines, combining deposit and lending services, investment advisory and insurance offerings.
Community finance is a substantial part of the bank's activity. The Eastern Bank Foundation, which has been investing in communities for more than 30 years, funds organisations and people across the bank's market area, with a focus on community development, affordable housing initiatives, nonprofit lending and economic revitalisation. The bank describes its approach as mission-driven and extending beyond traditional banking.
For technologists, the work spans banking, financial services, wealth and investment management, insurance, and lending and finance programmes serving the community development, affordable housing and nonprofit sectors.
