About Eastern Bank
Eastern Bank is a company based in Lynn (United States) founded in 1818.. The company has 2,000 employees as of December 31, 2024. Eastern Bank has completed 2 acquisitions, including Cambridge Trust Company and Century Bank. Eastern Bank operates in a competitive market with competitors including Truist, Investec, Equity Bank, Citi and KeyBank, among others.
- Headquarter Lynn, United States
- Employees 2000 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Eastern Bankshares, Inc.
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Annual Revenue
$1.07 B92.04as on Dec 31, 2024
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Net Profit
$119.56 M-48.51as on Dec 31, 2024
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EBITDA
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Latest Funding Round
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Investors
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Employee Count
2000
as on Dec 31, 2024
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Investments & Acquisitions
Cambridge Trust Company
& 1 more
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IPO & Listings of Eastern Bank
Eastern Bank is a publicly listed company on the NASDAQ with ticker symbol EBC in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Leadership Team
165 people
Board Team
71 people
Software Development Team
46 people
Advisor Team
42 people
Operations Team
25 people
Commercial Team
17 people
Legal and Compliance
16 people
Product Management Team
9 people
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Funding Insights of Eastern Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Eastern Bank
Eastern Bank has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Cambridge Trust Company and Century Bank. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial bank
|
1969 | ||||
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Commercial banking services are offered in the United States.
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1890 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Eastern Bank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Eastern Bank Comparisons
Competitors of Eastern Bank
Eastern Bank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Truist, Investec, Equity Bank, Citi and KeyBank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Wealth advisory and banking services are offered to clients.
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| domain | founded_year | HQ Location |
Global banking, investment, and wealth management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided to businesses and individuals.
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| domain | founded_year | HQ Location |
Regional bank
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| domain | founded_year | HQ Location |
Diversified financial services are offered through commercial banking operations.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Eastern Bank
Frequently Asked Questions about Eastern Bank
When was Eastern Bank founded?
Eastern Bank was founded in 1818.
Where is Eastern Bank located?
Eastern Bank is headquartered in Lynn, United States. It is registered at Lynn, Massachusetts, United States.
How many employees does Eastern Bank have?
As of Dec 31, 2024, the latest employee count at Eastern Bank is 2,000.
What is the annual revenue of Eastern Bank?
Annual revenue of Eastern Bank is $1.07B as on Dec 31, 2024.
What does Eastern Bank do?
Eastern Bank was founded in 1818 and functions as a commercial bank headquartered in Lynn, United States. Operations focus on retail and business banking within the New England region. Deposits, loans, mortgages, and investment services are extended to customers. Community-oriented financial solutions are maintained through branches and digital platforms, supporting local economic activities without international expansion.
Who are the top competitors of Eastern Bank?
Is Eastern Bank publicly traded?
Yes, Eastern Bank is publicly traded on NASDAQ under the ticker symbol EBC.
How many acquisitions has Eastern Bank made?
Eastern Bank has made 2 acquisitions, including Cambridge Trust Company, and Century Bank.
What is Eastern Bank's ticker symbol?
The ticker symbol of Eastern Bank is EBC on NASDAQ.