Eastern Bank is headquartered in BOSTON and is the 2nd largest bank in the state of Massachusetts. It is also the 84th largest bank in the nation. It was established in 1989 and as of September of 2024, it had grown to 1,910 employees at 124 locations. Eastern Bank's money market rates are 7X the national average, and it boasts an A+ health rating.
Overall | |
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FDIC Certificate # | 32773 |
Year Established | 1989 |
Employees | 1910 |
Primary Regulator | FDIC |
Profit Margin | |
---|---|
Return on Assets - YTD | 0.4% |
Return on Equity - YTD | 2.96% |
Annual Interest Income | $677MM |
Assets and Liabilities | ||
---|---|---|
Assets | Q3 2024vs Q3 2023 | $25.49B$21.13B |
Loans | Q3 2024vs Q3 2023 | $17.5B$13.77B |
Deposits | Q3 2024vs Q3 2023 | $21.36B$17.54B |
Equity Capital | Q3 2024vs Q3 2023 | $3.48B$2.34B |
Loan Loss Allowance | Q3 2024vs Q3 2023 | $253.8MM$155.1MM |
Unbacked Noncurrent Loans | Q3 2024vs Q3 2023 | $122.9MM$46.1MM |
Real Estate Owned | Q3 2024vs Q3 2023 | $0$0 |
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* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
---|---|---|---|---|
0.01% | $10 | - | Statement Savings | |
0.01% | $0 | - | Business Savings Account |
APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
---|---|---|---|---|---|
0.50%* | $5m* | - | IOLTA Checking | ||
OTHER TIERS: 0.25% → $10 - $5m | |||||
0.01% | $0 | - | Premier Checking | ||
0.01% | $0 | - | Business Interest Checking |