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    Meridian Bancorp, Inc. (EBSB)

    14.62 Up 0.03(0.21%) Apr 29, 4:00PM EDT
    |After Hours : 14.62 Up 0.00 (0.03%) Apr 29, 4:13PM EDT
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    Meridian Bancorp, Inc.
    67 Prospect Street
    Peabody, MA 01960
    United States - Map
    Phone: 617-567-1500
    Website: http://www.ebsb.com

    Index Membership:N/A
    Industry:Savings & Loans
    Full Time Employees:N/A

    Business Summary 

    Meridian Bancorp, Inc. operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Middlesex, and Essex Counties, Massachusetts. The company accepts various deposit products, such as non-interest-bearing demand deposits comprising checking accounts; interest-bearing demand accounts, including NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. Its loan portfolio consists of commercial real estate loans, which are secured by properties used for business purposes, such as office buildings, industrial facilities, and retail facilities; one- to four-family residential loans, including mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans, such as residential construction and land loans for professional home builders and developers; commercial and industrial loans; home equity lines of credit; and consumer loans, including automobile loans, loans secured by passbook or certificate accounts, and overdraft loans. In addition, it provides non-deposit financial products comprising mutual funds, annuities, stocks, and bonds through a third party broker-dealer; and long-term care insurance products. Further, the company is involved in securities transactions business; and holding foreclosed real estate properties. As of December 31, 2015, it operated through a network of 29 full service offices and 3 loan centers. The company was founded in 1848 and is based in Peabody, Massachusetts.

    Key Statistics

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    Corporate Governance 
    Meridian Bancorp, Inc.’s ISS Governance QuickScore as of Apr 1, 2016 is 8. The pillar scores are Audit: 1; Board: 8; Shareholder Rights: 8; Compensation: 6.
    Brought to you by Institutional Shareholder Services (ISS)

    Key Executives 
    Mr. Richard J. Gavegnano , 68
    Chairman, Chief Exec. Officer, Pres, Chairman of East Boston Savings Bank, Chairman of Meridian Financial Services, Chief Exec. Officer of Meridian Financial Services, Chief Exec. Officer of East Boston Savings Bank and Pres of East Boston Savings Bank
    Mr. Mark L. Abbate CPA, 60
    Chief Financial Officer, Exec. VP, Treasurer, Chief Financial Officer of East Boston Savings Bank, Exec. VP of East Boston Savings Bank and Treasurer of East Boston Savings Bank
    Mr. Edward J. Merritt , 56
    Exec. VP of Bus. Devel. & Community Reinvestment, Corp. Sec., Director, Exec. Officer of East Boston Savings Bank and Director of East Boston Savings Bank
    Mr. John Migliozzi , 58
    Exec. VP of Real Estate Lending and Exec. VP of Real Estate Lending - East Boston Savings Bank
    Mr. Frank P. Romano , 61
    Exec. VP of Corp. Banking and Exec. VP of Corp. Banking - East Boston Savings Bank
    Amounts are as of Dec 31, 2015 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc.Exercised is the value of options exercised during the fiscal year.
    Currency in USD.
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