EBSB - Meridian Bancorp, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Meridian Bancorp, Inc.

67 Prospect Street
Peabody, MA 01960
United States
978-977-2200
http://www.ebsb.com

SectorFinancial Services
IndustrySavings & Cooperative Banks
Full Time Employees447

Key Executives

NameTitlePayExercisedYear Born
Mr. Richard J. GavegnanoChairman, Pres & CEO1.07M42.26k1948
Mark L. AbbateExec. VP, Treasurer & CFO380.19kN/A1956
Mr. Edward J. MerrittSec. & Director363.06kN/A1960
Mr. Frank P. RomanoExec. VP of Corp. Banking - East Boston Savings Bank364.81kN/A1955
Mr. John MigliozziExec. VP of Lending - East Boston Savings Bank393.38kN/A1958
Amounts are as of December 31, 2016 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

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 Essex, Middlesex, Norfolk, and Suffolk Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising NOW and money market accounts; savings accounts; and certificates of deposits, as well as commercial checking accounts. Its loan portfolio includes 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 comprising mortgage loans that enable borrowers to purchase or refinance existing homes; multi-family real estate loans; construction loans; commercial and industrial loans; home equity lines of credit; and consumer loans that include automobile loans, loans secured by savings or certificate accounts, credit builders, and annuity and overdraft loans. In addition, the company offers non-deposit financial products, which comprise mutual funds, annuities, stocks, and bonds through a third-party broker-dealer; and long-term care insurance products. Further, it is also involved in the securities transactions business; and holding foreclosed real estate properties. As of March 1, 2018, the company operated 33 full-service locations, as well 1 mobile branch and 3 loan centers. Meridian Bancorp, Inc. was founded in 1848 and is headquartered in Peabody, Massachusetts.

Corporate Governance

Meridian Bancorp, Inc.’s ISS Governance QualityScore as of October 1, 2018 is 7. The pillar scores are Audit: 1; Board: 6; Shareholder Rights: 9; Compensation: 7.

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.