Eastern Bank


Eastern Bank is an FDIC insured institution headquartered at 125 High St, Boston, MA 02110.
It was founded in 1989 and has approximately $21 billion in assets. Customers can open an account at one of its 101 branches.

Deposit Rates - December 22, 2024

SAVINGS RATES APY MIN
Savings
0.02% $2,500 Compare
CD RATES APY MIN
6 Mo CD
0.05% $10,000 Compare
6 Mo CD
0.05% $100,000 Compare
12 Mo CD
0.10% $10,000 Compare
12 Mo CD
0.10% $100,000 Compare
18 Mo CD
0.10% $10,000 Compare
18 Mo CD
0.10% $100,000 Compare
24 Mo CD
0.15% $10,000 Compare
24 Mo CD
0.15% $100,000 Compare
30 Mo CD
0.15% $10,000 Compare
30 Mo CD
0.15% $100,000 Compare
36 Mo CD
0.15% $10,000 Compare
36 Mo CD
0.15% $100,000 Compare
48 Mo CD
0.15% $10,000 Compare
48 Mo CD
0.15% $100,000 Compare
60 Mo CD
0.15% $10,000 Compare
60 Mo CD
0.15% $100,000 Compare
MM RATES APY MIN
Money Market
0.02% $2,500 Compare
Money Market
0.05% $10,000 Compare
Money Market
0.05% $25,000 Compare
PREMM RATES APY MIN
Premium Money Market
0.05% $10,000 Compare
Premium Money Market
0.05% $25,000 Compare
INT CHECKING RATES APY MIN
Int Ckg
0.02% $2,500

Overview 2024

General Bank Information

FDIC Insured Yes
FDIC Certificate # 32773
Date Established 1989
Assets $ 21.03 billion
Loans $ 13.96 billion
Deposits $ 17.68 billion
Capital $ 2.82 billion

Summary Balance Sheet as of March 31, 2024

ASSETS
Cash & Balances due from depository institutions $ 746.49 million
Interest-bearing balances $ 677.96 million
Total securities $ 4.53 billion
Federal funds sold and reverse repurchase N.A.
Net loans and leases $ 13.96 billion
Loan loss allowance $ 156.15 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned N.A.
Goodwill and other intangibles $ 564.45 million
All other assets $ 887.72 million
     Total Assets $ 18.20 billion

LIABILITIES
Total deposits $ 17.68 billion
      Interest-bearing deposits $ 12.75 billion
      Deposits held in domestic offices $ 17.68 billion
      % insured (estimated) 59.07%
Federal funds purchased and repurchase agreements N.A.
Trading liabilities N.A.
Other borrowed funds $ 24.67 million
Subordinated debt N.A.
All other liabilities $ 426.20 millionn
      Total Liabilities $ 18.20 billion
      Shareholders’ Equity $ 2.82 billion

Summary Income Statement as of March 31, 2024

INCOME AND EXPENSES
Total Interest Income $ 410.51 million
Total Interest Expense $ 151.45 million
Net interest income $ 259.06 million
Provision for loan and lease losses $ 11.01 million
Total non interest income $ 64.09 million
Total non interest expense $ 213.70 million
Pre-tax Net Operating Income $ 136.45 million

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Branches

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Eastern Bank Locations