EBSB - Meridian Bancorp, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

Meridian Bancorp, Inc.

67 Prospect Street
Peabody, MA 01960
United States
617-567-1500
http://www.ebsb.com

SectorFinancial Services
IndustrySavings & Cooperative Banks
Full Time Employees462

Key Executives

NameTitlePayExercisedYear Born
Mr. Richard J. GavegnanoChairman, Pres & CEO1.28M8.08M1948
Mr. Mark L. Abbate CPAExec. VP, Treasurer & CFO400.89k169.92k1956
Mr. Frank P. RomanoExec. VP of Corp. Banking - East Boston Savings Bank392.5kN/A1955
Mr. Edward J. MerrittSec. & Director381.6kN/A1960
Mr. John MigliozziExec. VP of Real Estate Lending - East Boston Savings Bank429.74k318.29k1958
Amounts are as of December 31, 2018 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 Suffolk, Norfolk, Middlesex and Essex 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 deposit, 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. The company operates 37 full-service locations, as well as 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 July 29, 2019 is 7. The pillar scores are Audit: 1; Board: 7; 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.