The stock donation will enhance EBCF’s partnerships with communities across its footprint through financial support of nonprofit organizations, employee volunteerism, advocacy, and collaboration with other businesses and community partners, and establish an even stronger endowment by which the Foundation will fund these ongoing operations and investments. In our Customer Service Center, you can find helpful tools and information, including frequently asked questions, forms and helpful calculators. 5:52 am ↑ 94° East. Time difference from Eastern Standard Time . And because the information exchanged between your computer and Eastern Bank is encrypted, you can bank … Not growth at any cost, he says, but the growth that can support the digital transformation he believes needs to happen for Eastern to better serve its customers. Since its founding in 1818, Eastern has been committed to providing competitive financial products and services and an outstanding customer experience, while making meaningful contributions to the communities it serves. For better or worse, that's more the “TV version” of IPOs than the reality. Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with ease and comfort any time anywhere only on Moneycontrol. These forward-looking statements include but are not limited to: statements of our goals, intentions and expectations; statements regarding our business plans, prospects, growth and operating strategies; statements regarding the quality of our loan and investment portfolios; and estimates of our risks and future costs and benefits. Because of these and other uncertainties, our actual future results may be materially different from the results indicated by our forward-looking statements. Nifty 15,174.80 76.4. First, though, the insiders will get a crack. No. Eastern Bankshares' lock-up period expires on Tuesday, April 13th. Moon 11.1%. As a mutual bank, Eastern has limited capital for acquisitions. At Eastern Bank, we always want to know what more we can do for you. Rivers instead relied on organic growth, driving business through the bank’s existing footprint of 89 branches and 23 insurance offices. Events Calendar for: Mar 07, 2021 - Mar 13, 2021. But there’s one inevitable downside to going public: State rules allow banks to be sold to a bigger acquirer three years after an IPO. For example, requirements to participate in an IPO via Fidelity include having either $100,000 or $500,000 in retail assets, depending on what companies are sponsoring the IPO. Facebook raised the roof off Wall Street with its initial public offering, which had a target valuation on the social-media giant as high as $104 billion. Then there are the donations Eastern will continue to make out of its operations, albeit at an unspecified reduced level, as a public company. Mr. Rivers added, “The conversion also provides an opportunity to build upon the incredible commitment of our depositors, employees, corporators and community partners. DealFlow Events has produced over 200 conferences, seminars, and webcasts on a variety of healthcare and financial topics. 5:40 pm ↑ 266° West. Sunset. 23.76 % Invest Now. The EBCF provides important funding to advance issues of local concern, including the advancement of women, early childhood development, immigration and income inequality. Eastern Bank Eastern Wealth Management: 1-800-EASTERN (327-8376) Eastern Insurance: 1-800-333-7234; Eastern Benefits: 1-877-542-7267; Routing Number 011301798
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