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Eastern Bankshares, Inc. (EBC)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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18.28+0.16 (+0.88%)
At close: 4:00PM EDT

Eastern Bankshares, Inc.

265 Franklin Street
Boston, MA 02110
United States
800 327 8376
http://www.easternbank.com

Sector(s)Financial Services
IndustryBanks—Regional
Full Time Employees1,900

Key Executives

NameTitlePayExercisedYear Born
Mr. Robert F. RiversChairman & CEO3.47MN/A1965
Mr. Quincy L. MillerPres1.84MN/A1975
Mr. James B. FitzgeraldChief Admin. Officer, CFO & Treasurer1.96MN/A1958
Ms. Kathleen Cloherty Henry Esq.Exec. VP, Gen. Counsel & Corp. Sec.N/AN/A1973
Amounts are as of December 31, 2020 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.

Description

Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides commercial banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, business banking loans, residential real estate loans, and home equity and other consumer loans, as well as mortgage and personal loans, auto loans, preferred term loans, small business administration loans, and reserve lines of credit. In addition, the company provides cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, pension planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; and electronic banking and foreign exchange services, as well as various insurance products. As of April 1, 2021, the company had approximately 110 locations in eastern Massachusetts, southern and coastal New Hampshire, and Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.

Corporate Governance

Eastern Bankshares, Inc.’s ISS Governance QualityScore as of July 1, 2021 is 3. The pillar scores are Audit: 2; Board: 4; Shareholder Rights: 5; Compensation: 2.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.