Eastern Bank is headquartered in Boston and is the 3rd largest bank in the state of Massachusetts. It is also the 130th largest bank in the nation. It was established in 1989 and as of December of 2019, it had grown to 1,805 employees at 90 locations. Eastern Bank has an A health rating.
I love Eastern bank. I have been with them for 20 years now. I have had other bank accounts at the same time, but I now have Eastern bank as my only source of banking. I tend to overdraft a lot of checks and they have a great overdraft protection policy. The tellers that I deal with at the Hyannis branch are really friendly and helpful as well. When I call customer service I always get a nice person. Best bank in New England!!
We had an Eastern Bank near our house, so we decided to use them. We met with a bank manager who opened up the savings account for us. The process was quite easy since we brought in all the necessary paperwork and we were done in 30 minutes or so. The only problem that we have experienced is trying to connect Eastern Banks sites to Apps. It would make budgeting so much easier if they were compatible.Other than that, the people are helpful and the accounts are reasonable.
|FDIC Certificate #||32773|
|Return on Assets - YTD||1.18%|
|Return on Equity - YTD||8.86%|
|Annual Interest Income||$448.3MM|
|Assets and Liabilities|
|Assets||Q4 2019vs Q4 2018||$11.63B$11.38B|
|Loans||Q4 2019vs Q4 2018||$8.90B$8.77B|
|Deposits||Q4 2019vs Q4 2018||$9.57B$9.42B|
|Equity Capital||Q4 2019vs Q4 2018||$1.59B$1.43B|
|Loan Loss Allowance||Q4 2019vs Q4 2018||$82.3MM$80.7MM|
|Unbacked Noncurrent Loans||Q4 2019vs Q4 2018||$38.4MM$21.5MM|
|Real Estate Owned||Q4 2019vs Q4 2018||$0$35.00K|
Rates for Eastern Bank are currently being reviewed.