EBC - Eastern Bankshares, Inc.

Eastern Bankshares, Inc.

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

Sector(s): Financial Services
Industry: Banks—Regional
Full-time employees: 2,100

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Robert F. Rivers	Chairman & CEO	2.23M	N/A	1965
Mr. Quincy L. Miller	Pres	1.09M	N/A	1975
Mr. James B. Fitzgerald	CFO, Chief Admin. Officer & Treasurer	1.1M	N/A	1958
Ms. Kathleen Cloherty Henry Esq.	Exec. VP, Gen. Counsel & Corp. Sec.	724.52k	N/A	1973
Ms. Jillian A. Belliveau	Head of Investor Relations	N/A	N/A	N/A
Mr. Timothy J. Lodge	Pres & CEO of Eastern Insurance Group LLC	N/A	N/A	1977
Ms. Nancy Huntington Stager	Pres & CEO of Eastern Bank Foundation	N/A	N/A	1961

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes 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 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 deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts. It also offers commercial and industrial, commercial real estate and construction, small business, residential real estate, and home equity loans; lines of credit; and other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides trust, financial planning and portfolio management, automated lock box collection, cash management, and account reconciliation services; personal, business, and employee benefits insurance products. It operates branch offices in eastern Massachusetts and southern New Hampshire; and non-branch offices in eastern Massachusetts, and Providence, 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 30 May 2023 is 3. The pillar scores are Audit: 1; Board: 4; Shareholder rights: 4; Compensation: 3.

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 10 indicates higher governance risk.