How is Eastern Bank doing financially? (2024)

How is Eastern Bank doing financially?

FINANCIAL HIGHLIGHTS FOR THE FIRST QUARTER OF 2023

(Video) Eastern Bank: Doing Good
(EasternBank)
Is Eastern Bank being bought out?

Eastern Bankshares, Inc. and Cambridge Bancorp, the parent company of Cambridge Trust Company, have entered into a definitive agreement to merge. Both Eastern Bank and Cambridge Trust share deep local roots and a strong commitment to our customers and the communities we serve.

(Video) Eastern Bank - Potential
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How much money does Eastern Bank have?

With approximately $24 billion in assets and more than 120 locations in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island, we have the size, stability, technology and knowledge to deliver custom-tailored financial solutions in a convenient way.

(Video) Using Fintech to Disrupt Eastern Bank from Within
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Is Eastern Bank insured?

The FDIC insures Eastern Bank's eligible consumer and business deposits against potential loss as described below. Deposits are also protected by the financial strength and stability of Eastern Bank, which has been serving the needs of individuals and businesses since 1818.

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What is the new name of Eastern Bank?

The country's second generation and most awarded commercial bank Eastern Bank Limited has been renamed as Eastern Bank PLC. (EBL), with effect from September 3, 2023.

(Video) THE STORY OF EBL EASTERN BANK LIMITED: A SYMBOL OF STABILITY
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What are the 3 banks that shut down?

The collapses of Silicon Valley Bank and Signature Bank in March 2023—then the second- and third-largest bank failures in U.S. history—took consumers by surprise. Subsequently, three more banks failed in 2023: First Republic Bank in May, Heartland Tri-State Bank in July and Citizens Bank of Sac City in November.

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What bank is shutting down in the US?

List of Recent Failed Banks
Bank NameCityClosing Date
First City Bank of FloridaFort Walton BeachOctober 16, 2020
The First State BankBarboursvilleApril 3, 2020
Ericson State BankEricsonFebruary 14, 2020
City National Bank of New JerseyNewarkNovember 1, 2019
26 more rows
Jan 23, 2024

(Video) Eastern Bank Limited - Superbrand in the Financial Sector of Bangladesh
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Is Eastern Bank a big bank?

Founded in 1818 and based in Boston, Eastern Bank is the largest and oldest mutual bank in the United States, with $10 billion in assets and over 120 locations serving communities in eastern Massachusetts and southern and coastal New Hampshire.

(Video) Eastern Bank Limited (EBL) - Most Valuable Financial Brand of Bangladesh
(eblHR)
Who did Eastern Bank buy?

The merger will create a $27.1 billion combined company, without Eastern's insurance operations, which will be sold to global insurance brokerage firm Arthur J. Gallagher & Co. for $510 million. Cambridge Bancorp will merge into Eastern Bankshares in an all-stock deal worth $528 million, the banks announced Tuesday.

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How long has Eastern Bank been around?

Founded in 1818, Boston-based Eastern Bank has more than 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of June 30, 2023, Eastern Bank had approximately $22 billion in total assets.

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What is the CD rate at Eastern Bank?

Earn 5.10% Annual Percentage Yield 1 with our 12 Month Featured CD 2. Visit your local Eastern Bank branch and open a Featured CD with the term that works best for you. Our Featured CDs let you earn our premium rates with a guaranteed rate of return - and puts you in control of your savings.

(Video) Eastern Bank | Join Us For Good Commercial
(EasternBank)
How many employees does Eastern Bank have?

Founded in 1818, Boston-based Eastern Bank has more than 110 locations and 1,800+ deeply committed professionals serving communities in eastern Massachusetts and southern and coastal New Hampshire.

How is Eastern Bank doing financially? (2024)
Is Eastern Bank private?

Eastern Bank PLC. (Bengali: ইস্টার্ন ব্যাংক পিএলসি) is a private commercial bank headquartered in Dhaka, Bangladesh. It was established on August 8, 1992, as a public limited company with limited liability under the Bank Companies Act of 1991.

How big is the Eastern Bank?

With approximately $24 billion in assets and more than 120 locations in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island, we have the size, stability, technology and knowledge to deliver custom-tailored financial solutions in a convenient way.

Who are the competitors of Eastern Bank?

Eastern Bank Ranks 4th in Product Quality Score
RankCompanyScore
1Enterprise Bancorp100
2NBT Bancorp90
3Bank OZK75
4Eastern Bank60
1 more row

What is the asset size of Eastern Bank?

About Eastern Bank

Founded in 1818, Boston-based Eastern Bank has more than 120 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. As of September 30, 2023, Eastern Bank had approximately $21 billion in total assets.

What banks are crashing 2023?

Over a few weeks in the spring of 2023, multiple high-profile regional banks suddenly collapsed: Silicon Valley Bank (SVB), Signature Bank, and First Republic Bank. These banks weren't limited to one geographic area, and there wasn't one single reason behind their failures.

What banks are in trouble?

About the FDIC:
Bank NameBankCityCityClosing DateClosing
Citizens BankSac CityNovember 3, 2023
Heartland Tri-State BankElkhartJuly 28, 2023
First Republic BankSan FranciscoMay 1, 2023
Signature BankNew YorkMarch 12, 2023
55 more rows
Nov 3, 2023

What two banks are crashing?

The collapses in March of Silicon Valley Bank (SVB) and Signature Bank – two of the largest U.S. banks to fail since the Great Depression of the 1930s – have led some to wonder if the nation may be headed for a new widespread banking crisis.

What banks are most at risk right now?

These Banks Are the Most Vulnerable
  • First Republic Bank (FRC) . Above average liquidity risk and high capital risk.
  • Huntington Bancshares (HBAN) . Above average capital risk.
  • KeyCorp (KEY) . Above average capital risk.
  • Comerica (CMA) . ...
  • Truist Financial (TFC) . ...
  • Cullen/Frost Bankers (CFR) . ...
  • Zions Bancorporation (ZION) .
Mar 16, 2023

Which banks are closing in 2024?

Bank branch scheduled closures in 2024
  • Lloyds 60.
  • Halifax 47.
  • Barclays 34.
  • NatWest 21.
  • Bank of Scotland 16.
  • Ulster Bank (NI) 10.
  • RBS 1.
Jan 2, 2024

Which US banks are too big to fail?

Companies Considered Too Big to Fail
  • Bank of America Corp.
  • The Bank of New York Mellon Corp.
  • Citigroup Inc.
  • The Goldman Sachs Group Inc.
  • JPMorgan Chase & Co.
  • Morgan Stanley.
  • State Street Corp.
  • Wells Fargo & Co.

How safe is Eastern Bank?

It is also the 91st largest bank in the nation. It was established in 1989 and as of September of 2023, it had grown to 2,059 employees at 99 locations. Eastern Bank's CD rates are 6X the national average, and it has a B+ health rating.

Why do you choose Eastern Bank?

With a sound asset quality, strong liquidity, adequate capital coverage and good corporate governance, EBL is a symbol of stability in Bangladesh Financial Market. EBL has been known for its consistent and sustainable growth over the past 30 years and is being acclaimed for its customer-focus approach.

Which is the No 1 bank of USA?

JPMorgan Chase

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