Eastern Bank and Lending Money Corporation

Eastern Bank was built up on April 15, 1818, as Salem Savings Bank and got to be FDIC safeguarded on October 1, 1983. On October 19, 1989, Eastern Savings Bank's guardian organization Lynn,

Massachusetts-based Eastern Bank Corporation, renamed it Eastern Bank, while likewise redesigning it into a shared holding organization, making it the first of its kind in Massachusetts. In the years taking after its rearrangement, it made a few acquisitions of nearby banks.

They included Shore Bank And Trust Company (Lynn, April 1992), Malden Trust Company (Malden, May 1992), First Colonial Bank For Savings (Lynn, October 1993), and Saugus Bank And Trust Company (Saugus, November 1994). Previous MassBank area in Downtown Melrose. Stripped after brief rebranding. In 1997,
Eastern started a forceful development program with the point of multiplying its size inside of five years. The main procurement of the project was started in mid-1998 when Eastern purchased the ten branch Quincy-based Hibernia Savings Bank and its guardian holding organization Emerald Isle Bancorp, Inc for $80 million and changed over all branches to Eastern Banks.

Eastern, with the main part of its branches north of Boston, picked up an introduction to the business sector south of Boston through the obtaining.

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