Eastern CT Savings Bank Foundation, Inc Form
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People also ask
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Who owns savings banks?
Savings and loan associations — also known as savings banks, thrifts and thrift institutions — are financial institutions typically owned by their customers or shareholders.
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How long has Eastern Bank been in business?
Overview - Who We Are Founded in 1818, Eastern Bank is Greater Boston's leading local bank with more than 110 locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island and Connecticut. As of September 30, 2024, Eastern Bank had approximately $25.5 billion in assets.
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What bank did Eastern Bank merge with?
Eastern Bankshares, Inc. Announces Successful Merger With Cambridge Bancorp, And Names David Rosato New Chief Financial Officer | Eastern Bank.
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Is Eastern Bank a mutual bank?
On October 19, 1989, Eastern Savings Bank's parent company Lynn, Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank, and reorganized it into a mutual holding company, making it the first of its kind in Massachusetts.
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What is the difference between a mutual and a bank?
Mutual institutions tend to be more fiscally conservative than large commercial banks, and often choose stable investments to support their depositors. Additionally, because mutual banks don't have shareholders, they are not pressured to grow at the same rate as commercial banks.
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Is Eastern Bank a mutual?
On October 19, 1989, Eastern Savings Bank's parent company Lynn, Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank, and reorganized it into a mutual holding company, making it the first of its kind in Massachusetts.
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Is Eastern Bank a local bank?
Founded in 1818 and headquartered in Boston, we have combined prudent management with well-timed acquisitions to evolve from a modest savings bank to Greater Boston's leading local bank and the largest bank-owned independent investment advisor in Massachusetts.
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Is Eastern Bank a local bank?
Founded in 1818 and headquartered in Boston, we have combined prudent management with well-timed acquisitions to evolve from a modest savings bank to Greater Boston's leading local bank and the largest bank-owned independent investment advisor in Massachusetts.
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