Eastern Bank

Overview / Commentary
265 Franklin Street
Boston, MA 02110

Eastern Bank is headquartered in Boston and is the 2nd largest bank in the state of Massachusetts. It is also the 93rd largest bank in the nation. It was established in 1989 and as of June of 2022, it had grown to 2,056 employees at 100 locations. Eastern Bank has an A+ health rating.

Reviews (3)

My favorite bank ever!!

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!!

Banking with Eastern

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.

Hard Inquiry

Posted by: |

After filling out a form on their website, they ran a Hard Inquiry via Factual Data.

After seeing my scores, roughly 670, they decided that it wasn't in their interest to contact me.

Why do business with a company with such practices?


Health Grade Components

FDIC Certificate #32773
Year Established1989
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD0.91%
Return on Equity - YTD7.13%
Annual Interest Income$273.1MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$22.33B$17.04B
LoansQ2 2022vs Q2 2021$12.25B$9.49B
DepositsQ2 2022vs Q2 2021$19.27B$14.03B
Equity CapitalQ2 2022vs Q2 2021$2.60B$2.65B
Loan Loss AllowanceQ2 2022vs Q2 2021$125.5MM$105.6MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$57.6MM$34.9MM
Real Estate OwnedQ2 2022vs Q2 2021$0$38.00K

Rates for Eastern Bank are currently being reviewed.



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