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Eastern Bank

Overview / Commentary
265 Franklin Street
Boston, MA 02110

Eastern Bank is headquartered in Boston and is the 3rd largest bank in the state of Massachusetts. It is also the 133rd largest bank in the nation. It was established in 1989 and as of March of 2019, it had grown to 1,789 employees at 93 locations. Eastern Bank has an A+ health rating.

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Reviews (2)

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.


Health Grade Components

FDIC Certificate #32773
Year Established1989
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD1.16%
Return on Equity - YTD9.06%
Annual Interest Income$112.3MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$11.33B$11.12B
LoansQ1 2019vs Q1 2018$8.84B$8.35B
DepositsQ1 2019vs Q1 2018$9.28B$8.96B
Equity CapitalQ1 2019vs Q1 2018$1.49B$1.33B
Loan Loss AllowanceQ1 2019vs Q1 2018$82.5MM$76.6MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$23.2MM$17.2MM
Real Estate OwnedQ1 2019vs Q1 2018$35.00K$35.00K

Rates for Eastern Bank are currently being reviewed.



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